THORChain operates as a decentralized liquidity protocol, enabling users to seamlessly exchange cryptocurrency assets across various networks such as Bitcoin and Ethereum while retaining full control of their assets. By leveraging THORChain, users can easily swap one asset for another in a permissionless environment, eliminating the need to rely on order books for liquidity. Instead, market prices are maintained through the asset ratio within a pool, following the principles of an automated market maker. The platform's native utility token, RUNE, serves as the foundational currency within the THORChain ecosystem. It plays crucial roles in platform governance and security, being utilized as part of THORChain's Sybil resistance mechanisms. To participate in the platform's rotating consensus process, THORChain nodes must commit a minimum of 300k RUNE.