Join David as he explores THORChain, a liquidity protocol that allows swapping between BTC, ETH, and more without intermediaries. Erik Voorhees and Chad Barraford discuss THORChain's mission, staking and security, the value of Rune token, and the roadmap for the project.

Chad Barraford, Technical lead of THORChain, disrupts the notion of separate blockchain ecosystems. Protocol's lending for Bitcoin and Litecoin. Mechanisms to prevent vulnerabilities. Balancer exploit, Coinbase USDC deal, dYdX governance proposal, and Coinbase sharing revenue. Cross-chain capabilities of THORChain. Emergency shutdowns and decentralization in DeFi. Coinbase's stake in Circle and USDC governance. Unique features of THORChain lending. Dynamics of borrowing in a bear market. Transition from minting to borrowing in the reserve. Understanding V pool depth and its impact on trading. Role of virtual pool, bank runs, and fees. Discussion on emerging projects and innovative capabilities. THORChain's native-asset edge and increasing trade volume. Fees and future perspectives. Synthetics and derived assets.