THORChain application layer helps multi-chain security and increases BTC staking income

THORChain is a decentralized cross-chain AMM trading protocol created by a group of anonymous cryptocurrency developers at Binance's hackathon in 2018. The protocol aims to decentralize cryptocurrency liquidity through public nodes and ecosystem product networks. Any individual, product, or institution can access its local and cross-chain liquidity.

 

On September 4th, THORChain interacted with FamiliarCow on social media, claiming that THORChain's application layer will bring revolutionary solutions to the multi-chain ecosystem. Babylon provides security guarantees for POS chains, allowing users to stake Bitcoin (BTC) on IBC and receive token rewards. THORChain also supports automatic conversion of these rewards into real BTC and regular settlement. This innovative feature will bring more convenience and benefits to users in the multi-chain ecosystem, relying entirely on THORChain's application layer technology.