THORChain is a decentralised cross-chain liquidity protocol based on Tendermint & Cosmos-SDK and utilising Threshold Signature Schemes (TSS). It does not peg or wrap assets, it simply determines how to move them in response to user-actions.
RUNE is the asset which powers the THORChain ecosystem and provides the economic incentives required to secure the network.
Affiliate Fees are the incentives for interface providers. A wallet developer simply adds their affiliate address, as well as fee rate, to the transaction before the user signs it. The user can review it, as well as see the fee rate to be taken. When THORChain sees the transaction it will skim off the fee and pay it directly to the affiliate immediately.
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