THORChain requires liquidity providers to lock both assets in the pair, but one-sided liquidity like Bancor
‘s is in the roadmap.
Also, like Bancor, THORChain provides impermanent loss protection, so liquidity providers don’t suffer when the prices of assets in a pair diverge.
RUNE is the network token. It’s the base currency for all pairs, which require staked RUNE for the same value as the other asset locked.
Node operators need to bond at least 2x the amount of RUNE staked in pairs, making any control attempt on this layer impossibly expensive. This protects the network from Sybil attacks that try to obtain control by setting up rogue nodes.
THORChain is an open-source project with no company behind it. Most contributors are anonymous, and there is a strong focus on decentralization.
A majority of the nodes need to agree on the changes to the software. Those who don’t, get churned if they don’t update.