The symbol $RUNE refers to the native token of the THORChain network. THORChain is a decentralized liquidity protocol that allows users to swap assets across different blockchains without using centralized exchanges.
The $RUNE token serves several purposes within the THORChain ecosystem, such as:
Collateral: RUNE is used as a collateral asset to facilitate cross-chain swaps and to ensure the liquidity of the network.
Governance: Token holders can participate in the governance of the network, voting on proposals related to the protocol's development and upgrades.
Incentives: RUNE is used to reward liquidity providers and validators in the ecosystem.
If you're asking about a different context for $RUNE please feel free to provide more details.
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