THORChain Added Concentrated Liquidity Presets to Rujira
THORChain added Custom Concentrated Liquidity presets to the Rujira app layer on September 9th. Users can select passive, wide, tight, or one-sided ranges instead of building a custom range, while the Copy preset remains planned.Refer to the official tweet by RUNE:THORChain's own pools run on a simple formula called XYK (x*y=k): liquidity gets spread across every price from zero to infinity, with no way to concentrate it where trading happens. , the app layer, offers another possibility: Custom Concentrated Liquidity (CCL),… RUNE InfoTHORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading.The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains.The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools.