RE: MultiChain Chaosnet is live - Valhalla awaits. by gadrian

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hive-167922 · @gadrian · Apr 14 '21 (edited)

That really will change the face of crypto world! Which are the chains currently supported by this multichain DEX?

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👍 jk6276

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@jk6276 · Apr 14 '21

Currently supported are BTC, ETH (and ERC20's), Binance chain (Bep2 - not BSC/Bep20 yet), LTC and BCH.  numerous more under development or close to release.

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@gadrian · Apr 15 '21

Thanks! Is RUNE needed to have access to multichain chaosnet and later the mainnet? Same as with ETH and BSC, it's used to pay swap fees and it's the governance token?

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@jk6276 · Apr 16 '21 (edited)

It is entirely possible to interact in every way with Thorchain (swap, add to pools etc.) without ever touching or holding RUNE in your wallet.  Asymmetric pooling is available (and my preferred strategy personally) and fees are payed in whatever coins you use.  You can also withdraw from pools asymmetric.  Behind the scenes, when you pool asymmetric, it auto swaps half your addition into RUNE, so you do have RUNE price exposure, but they also have Impermanent Loss protection, another key feature.

Thorchain has very little governance built in, by design, so you can't really consider RUNE as a governance token.

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