# What is Rujira?

Rujira is THORChain’s app layer: orderbook trading, swaps, lending, borrowing, staking and more, all with native coins held as THORChain secured assets.

## What it offers

- An orderbook with limit orders, live prices and charts.
- Cross-chain swaps of native coins through THORChain.
- Lending and borrowing against native coins.
- Staking, such as RUJI and TCY, and index products such as yRUNE and yTCY.

## RUJI

RUJI is Rujira’s token. According to Rujira’s documentation, protocol fees are paid out in USDC to RUJI stakers, from revenue rather than inflation.

## In Redacted

Redacted is an independent privacy layer built on Rujira. It uses Rujira’s products from private accounts, and private orders meet the same liquidity as everyone else.

More: [What is Rujira](https://redacted.gg/rujira/)

## Related terms

- [Orderbook](https://redacted.gg/glossary/orderbook.md): An orderbook lists every open order to buy or sell at a set price. A limit order waits on the book until the market reaches its price, instead of trading at whatever the price is right now.
- [Money market](https://redacted.gg/glossary/money-market.md): A money market lets people lend coins to earn interest and lets others borrow them against collateral, with rates that rise as more of a coin is borrowed.
- [Liquidation](https://redacted.gg/glossary/liquidation.md): A liquidation sells part of a borrower’s collateral to repay their loan when the collateral is no longer worth enough to cover it safely.
- [THORChain](https://redacted.gg/glossary/thorchain.md): THORChain is a network that swaps native coins across chains, such as Bitcoin for Ether, with no bridges and no wrapped tokens. The coins sit in vaults on their home chains, secured by about 100 independent node operators.
- [Secured assets](https://redacted.gg/glossary/secured-assets.md): Secured assets are native coins deposited into THORChain’s vaults and held one to one on THORChain, such as BTC-BTC for Bitcoin. Apps use them for trading, lending and more, and they can be withdrawn back to their home chain as the real coin.

Sources: [Rujira documentation](https://docs.rujira.network/)
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Page: https://redacted.gg/glossary/rujira/