Frequently Asked Questions

App Layer vs. L2

Question: Is the App Layer a L2 on top of THORChain? Answer: No, a L2 would suggest a different mempool/consensus mechanism, using the L1 as settlement layer. The App Layer share the same consensus mechanism as THORChain, it has the same blocktime and support atomic transactions between CosmWasm contracts and THORChain L1. We refer to THORChain as the Base Layer and Rujira as the App Layer.

Using the Rujira App Layer

Question: Do I need to have RUJI to use the Rujira App Layer? Answer: No, you do not need RUJI to use the App Layer. Gas fees can be paid with any token on Rujira. Use our cross-chain bridge or IBC transfer to move tokens to the App Layer and then use them to pay gas fees.

Question: Which wallet do I need to use the Rujira App Layer? Answer: Initially, you will be able to use CTRL, Keplr, Leap and Metamask to interact with the Rujira App Layer. We plan to integrate with more wallets over time.

RUJI Staking Yield and Token Inflation

Question: Where does RUJI staking yield come from? Is the token inflationary? Answer: RUJI is a non-inflationary token. Rujira dApps generate real revenue from users' economic activity. Fees paid on these dApps (net of THORChain Base Layer share) are converted to USDC and distributed to RUJI stakers.

Value Proposition of RUJI

Question: What are the main value propositions of RUJI and Rujira? Answer: RUJI represents a bet on the success of the Rujira. RUJI accrue value from the revenue generated by Rujira's core applications, therefore increasing adoption and usage should lead to an appreciation in RUJI's value and/or a higher staking yields. A bet on RUJI is essentially a bet on the growth of the economic activity on the THORChain App Layer.

Secured Assets

Question: What are Secured Assets? Answer: Secured Assets are a novel answer to the problems of cross-chain interoperability, providing an open source, decentralized, and secure cross-chain asset model powered by THORChain. Secured Assets are backed 1:1 by native assets secured in THORChain’s decentralized Asgard Vaults, which are secured by Threshold Signature Schemes (TSS) with the private keys split among ~100 independent node operators that churn every 3 days. Secured Assets remove all dependency to third-party bridges (e.g. Axellar, Gravity) and wrapping by centralized intermediaries (e.g. wBTC by BitGo, cbBTC by Coinbase), enabling access to DeFi with native assets from all connected chains.

Question: How Secured Assets differ from traditional Bridged Assets? Answer: Bridged assets are IOUs issued by a third-party protocol on the destination chain, and represent a claim on the underlying asset on its native chain. In the best case, the assets on the native chains are secured by an external validator set (e.g. Axellar, Gravity), and in many cases by low-security multisig that have resulted in billions of dollar lost in hacks (Ronin Bridge $625m hack, Wormhole Bridge $326m hack, Nomad Bridge $190m hack, and the list goes on). In any case, they introduce an extra layer of exogenous risk between the native chain and the end user. Secured Assets, on the other hand, eliminate this additional layer of risk. While they do indeed mint new assets on THORChain, THORChain’s TSS eliminates the external risks associated with third-party bridges and their security designs. This provides a far more robust architecture for Secured Assets than traditional bridges.

Question: How Secured Assets differ from Wrapped Assets? Answer: Wrapped assets are also IOUs, but, unlike bridged assets, these are issued by a centralized intermediary, one that holds the underlying asset in custody (e.g., wBTC issued by BitGo or cbBTC issued by Coinbase). This allows assets like BTC to be used in DeFi on e.g. Ethereum, but it forces users to trust the centralized issuer to secure the underlying assets appropriately, to not misuses the reserves, and to not give in to censorship (e.g. freezing assets under the pressure of arbitrary governments). In using wrapped assets, a centralized intermediary have now become one’s unintended financial partners, negating the very ethos of decentralization. In contrast, Secured Assets require no error-prone and corruptible centralized custodian, and are never subject to permission or KYC requirements.

Finding Your Order on RUJI Trade

Question: I can't find my order on RUJI Trade even though it should have gone through. Did I lose my money? Answer: After orders execute on RUJI Trade orderbook DEX, you must claim them before seeing the new tokens in your wallet. Navigate to the "Claim" tab for any token pair you transacted with and check for any open completed orders to claim.

Seeking Help

Question: I am stuck and need help; who should I contact? Answer: For support, visit our Discord and submit a support ticket. You can also reach out on Telegram. Avoid private messages from unknown sources to prevent scams.