THORChain to Release Upgrade 3.9 on July 31st

Nami Index has confirmed that the TCY asset is ready to launch alongside the upcoming THORChain 3.9 upgrade, which is scheduled for release on July 31st. The deployment will proceed in phases, starting slowly before a full rollout.

RUNE Info

THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading.

The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains.

The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools.