Thorchain Dex
Decentralized exchange — earn fees by helping other people swap tokens.
47% on Bitcoin · also on 4 other chains
Chains
5
Live yield options
27
Best reward rate
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Custody
You hold the keys
Earn here · live yield options
Yields available on Thorchain Dex
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01
thorchain-dex - BTC-RUNE Bitcoin
BTC · RUNE
Reward
—
→Pool size
$34.9Million
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02
thorchain-dex - ETH-RUNE Ethereum
ETH · RUNE
Reward
—
→Pool size
$13.3Million
-
03
thorchain-dex - USDC-RUNE Ethereum
USDC · RUNE
Reward
—
→Pool size
$6.85Million
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04
thorchain-dex - USDT-RUNE Ethereum
USDT · RUNE
Reward
—
→Pool size
$5.73Million
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05
thorchain-dex - WBTC-RUNE Ethereum
WBTC · RUNE
Reward
—
→Pool size
$3.51Million
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06
thorchain-dex - BCH-RUNE Bitcoincash
BCH · RUNE
Reward
—
→Pool size
$3.48Million
All 27 yield options on Thorchain Dex Expand →
| Option | Chain | Reward | Pool size |
|---|---|---|---|
| thorchain-dex - BTC-RUNE | Bitcoin | 0.0% | $34.9Million |
| thorchain-dex - ETH-RUNE | Ethereum | 0.0% | $13.3Million |
| thorchain-dex - USDC-RUNE | Ethereum | 0.0% | $6.85Million |
| thorchain-dex - USDT-RUNE | Ethereum | 0.0% | $5.73Million |
| thorchain-dex - WBTC-RUNE | Ethereum | 0.0% | $3.51Million |
| thorchain-dex - BCH-RUNE | Bitcoincash | 0.0% | $3.48Million |
| thorchain-dex - DOGE-RUNE | Doge | 0.0% | $3.01Million |
| thorchain-dex - LTC-RUNE | Litecoin | 0.0% | $1.95Million |
| thorchain-dex - AVAX-RUNE | Avalanche | 0.0% | $1.58Million |
| thorchain-dex - XRP-RUNE | XRPL | 0.0% | $1.06Million |
| thorchain-dex - THOR-RUNE | Ethereum | 0.0% | $679Thousand |
| thorchain-dex - USDC-RUNE | Avalanche | 0.0% | $601Thousand |
| thorchain-dex - ATOM-RUNE | Cosmos | 0.0% | $344Thousand |
| thorchain-dex - DAI-RUNE | Ethereum | 0.0% | $320Thousand |
| thorchain-dex - LUSD-RUNE | Ethereum | 0.0% | $221Thousand |
| thorchain-dex - USDT-RUNE | Avalanche | 0.0% | $214Thousand |
| thorchain-dex - XRUNE-RUNE | Ethereum | 0.0% | $210Thousand |
| thorchain-dex - USDP-RUNE | Ethereum | 0.0% | $202Thousand |
| thorchain-dex - GUSD-RUNE | Ethereum | 0.0% | $201Thousand |
| thorchain-dex - ETH-RUNE | Base | 0.0% | $154Thousand |
| thorchain-dex - SOL-RUNE | Avalanche | 0.0% | $84.4Thousand |
| thorchain-dex - TGT-RUNE | Ethereum | 0.0% | $33.6Thousand |
| thorchain-dex - AAVE-RUNE | Ethereum | 0.0% | $27.5Thousand |
| thorchain-dex - LINK-RUNE | Ethereum | 0.0% | $26.5Thousand |
| thorchain-dex - VVV-RUNE | Base | 0.0% | $21Thousand |
| thorchain-dex - VTHOR-RUNE | Ethereum | 0.0% | $20.3Thousand |
| thorchain-dex - FOX-RUNE | Ethereum | 0.0% | $17Thousand |
How it works
Using Thorchain Dex in three steps
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1
Pair two tokens
Pick two tokens (e.g. ETH + USDC), deposit both in equal value into the trading pool.
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2
Earn a share of fees
Every time someone swaps through this pair, you earn a tiny cut of the fee. The more people trade, the more you earn.
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3
Watch out for IL
If one token's price moves a lot relative to the other, you'd have been better off just holding — the gap is called 'impermanent loss'.
Read up
About Thorchain Dex
Description provided by the protocol team. Always verify directly before depositing funds.
Tokens earning here
Top tokens earning yield through Thorchain Dex
Compare similar apps
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Frequently asked
What people ask about Thorchain Dex
What is Thorchain Dex?
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Thorchain Dex is an on-chain app. Decentralized exchange — earn fees by helping other people swap tokens.
Is using Thorchain Dex safe?
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Thorchain Dex has 3 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.
How much can I earn?
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Right now yields on Thorchain Dex run varies by option per year, depending on which pool you pick and which chain you use. Rates change with demand.
Which chains does it run on?
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Thorchain Dex runs on 5 chains, including Bitcoin, Ethereum, Bitcoincash, Avalanche, Doge. Each chain has its own fees and speeds — pick the one you already use.
Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.
See also
Terms used on this page
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Smart Contract
Code on a blockchain that runs automatically when called. DeFi protocols are smart contracts — bugs in the code can lose user funds.
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Audit
An independent security review of a smart contract. More audits and longer track record reduce — but never eliminate — code risk.
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Impermanent Loss
A loss LP providers experience when the two pool tokens diverge in price. The loss only crystallises if you withdraw at that ratio.
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Oracle
An on-chain feed of off-chain data — usually prices. Lending and CDP protocols rely on oracles to liquidate positions correctly.
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TVL (Total Value Locked)
The total dollar value of assets currently deposited in a DeFi protocol. A rough proxy for adoption and trust.