What Is THORChain ( #RUNE )? THORChain is a decentralized liquidity protocol that allows users to swap assets in a permissionless setting. It enables the exchange of native layer-1 assets like #BTC by acting as a vault manager. To secure its network, THORChain uses #Tendermint and Cosmos-SDK. It also utilizes Threshold Signature Schemes (TSS) for its leaderless primary vault.