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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.

The protocol was intended to allow crypto assets to be exchanged across multiple blockchains, without the need for an intermediary. It also disallows swaps in order to protect the network from exploits. It was accompanied by 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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