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Aligned incentives are a crypto superpower -Breaking

by Mike Robinson

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THORChain hasn’t had an easy year. After three exploits in the space of a month during the summer the protocol’s native token (RUNE) took a beating, plummeting from all-time highs over $20.00 in May to a low of around $3.50 in late July.

This protocol, which was designed to enable crypto assets to be traded across blockchains and without intermediaries, completely disallows swaps. The protocol was made possible by the Swaps relaunch in late October, however, THORChain’s recovery was virtually complete — and the price of RUNE was within striking distance of the $20.00 mark again.

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