Trade RUNE-PERP: Harness THORChain's Power on Demex

We're excited to announce the launch of the RUNE-PERP market on Demex, offering traders the opportunity to trade THORChain's RUNE with up to 20x leverage. This new perpetual market provides the tools and flexibility needed to take advantage of price movements, whether you're looking to go long or short on RUNE.

What is THORChain?

THORChain is a decentralized cross-chain liquidity protocol that allows users to swap assets between different blockchain networks. Built on the Cosmos SDK, THORChain enables seamless asset swaps without relying on centralized exchanges. It leverages the power of its native token, RUNE, to facilitate these cross-chain transactions, making it a key player in the decentralized finance (DeFi) space.

THORChain’s Special Features

THORChain offers several innovative features that set it apart from other DeFi protocols:

• Cross-Chain Liquidity: Unlike traditional AMMs that operate within a single blockchain, THORChain allows users to trade assets across multiple blockchains, including Bitcoin, Ethereum, and others, using RUNE as the intermediary.
• Bifrost Protocol: This unique protocol enables THORChain to monitor and communicate with multiple blockchains, ensuring smooth transactions across different networks.
• Tendermint Consensus: As a Proof-of-Stake (PoS) network, THORChain uses Tendermint’s Byzantine Fault Tolerance (BFT) engine to secure the network, making it resilient against node failures or malicious behavior.
• Synthetic Assets: THORChain generates synthetic assets from liquidity pools, allowing for faster trading and arbitrage without the need to deal with layer-1 block confirmations.
• Streaming Swaps: This feature breaks large swaps into smaller sub-swaps over time, significantly reducing liquidity fees and improving price execution.

Latest Update on THORChain

On September 4, 2024, THORChain completed a significant upgrade with a hard fork. This update included a Cosmos SDK version upgrade, the removal of obsolete code, and added support for Bitcoin Taproot addresses. The upgrade aims to enhance the network's performance, ensuring that THORChain continues to offer a seamless and secure trading experience.

Demex Launches the RUNE-PERP Market

Demex is thrilled to launch the RUNE-PERP market, where traders can now access RUNE with up to 20x leverage. This market is connected to Demex’s layer 1 perpetual pool, providing deep liquidity and a robust trading environment. Whether you're looking to hedge your portfolio or capitalize on market volatility, the RUNE-PERP market on Demex offers the perfect platform to achieve your trading goals.

How to Trade on Demex

Getting started with trading RUNE-PERP on Demex is simple:

1. Sign Up: Create an account on Demex or log in if you already have one.
2. Deposit Funds: Add USDC or other supported assets to your Demex wallet.
3. Navigate to the RUNE-PERP Market: Access the perpetual markets section and select RUNE-PERP or just click the link here!
4. Place Your Trade: Choose your position (long or short), set your leverage, and place your order.

Benefits of Trading on Demex

Trading on Demex comes with several advantages:

• Carbon Credits: Earn carbon credits to offset your trading fees, promoting eco-friendly trading practices.
• Trader Rebates Program: Receive 25% of your trading fees back in SWTH, providing additional value for active traders.
• Demex Alerts: Stay connected with real-time and on-chain alerts via inbox, push notifications, Telegram, and email, helping you make informed and timely decisions.
• Low Fees: Benefit from some of the lowest trading fees in the industry, ensuring you keep more of your profits.
• Deep Liquidity: Tap into the deep liquidity backed by the Cosmos by Perp pool, ensuring smooth and efficient trade execution.

The TLDR

The RUNE-PERP market is now live on Demex, allowing traders to leverage THORChain’s native token, RUNE, with up to 20x leverage. THORChain’s recent upgrade enhances its performance, and Demex offers a secure, liquid, and low-cost environment for your trading needs. Get started today and explore the benefits of trading RUNE-PERP on Demex.