Asset Notation
Understanding THORChain Asset Notation
THORChain uses a CHAIN.ASSET notation for all assets. TICKER and ID are added where required. The asset full notation is pictured.
L1 Asset Notation
There are three kinds of assets within THORChain:
- 1.
- 2.
- 3.
Asset | Notation |
|---|---|
Bitcoin | BTC.BTC (Native BTC) |
Bitcoin | BTC/BTC (Synthetic BTC) |
Bitcoin | THOR.BTC (Derived BTC) |
Ethereum | ETH.ETH |
USDT | ETH.USDT-0xdac17f958d2ee523a2206206994597c13d831ec7 |
BNB | BNB.BNB (Native) |
BNB | BNB/BNB (Synth) |
RUNE (BEP2) | BNB.RUNE-B1A |
RUNE (NATIVE) | THOR.RUNE |
- Layer 1 (L1) chains are always denoted as
CHAIN.ASSET, e.g. BTC.BTC. - As two tokens can live on different blockchains, the chain can be used to distinguish them. Example: USDC is on the Ethereum Chain and Avalanche Chain and is denoted as
ETH.USDCandAVAX.USDCrespectively; note the contract address (ticker) was removed for simplicity. - Tickers are added to denote assets and are required in the full name. For EVM based Chains, the ticker is the ERC20 Contract address, e.g.
ETH.USDC-0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48. This ensures the asset is specific to the contract address. The pools list shows assets using the full notation. - IDs are required for the Binance Beacon chain as BNB.RUNE is not sufficient to distinguish between Mainnet and Testnet assets. For example,
BNB.RUNE-B1Adenoted Mainnet RUNE andBNB.RUNE-67Cdenoted Testnet RUNE.
THOR.RUNE is the only RUNE asset in use. All other RUNE assets on other chains are no longer in use and have no value within THORChain.
- Synthetic Assets are denoted as
CHAIN/ASSETinstead ofCHAIN.ASSET, e.g. Synthetic BTC isBTC/BTCand Synthetic USDT isETH/USDT.While Synthetic assets live on the THORChain blockchain, they retain their CHAIN identifier. - Synthetic Assets can only be created from THORChain-supported L1 assets and are only denoted as
CHAIN/ASSET, no ticker or ID is required. - Chain differentiation is also used for Synthetics, e.g.
ETH/USDCandAVAX/USDCare different Synthetic assets created and redeemable on different chains.
- Derived Assets, currently specific to Lending, are denoted as
THOR.ASSET.E.g.THOR.BTCis Derived Bitcoin. - All Derived Assets live on the THORChain blockchain and do not have a Chain identifier.
- Currently, Derived Assets are used internally within THORChain only.
Last modified 13d ago