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*'''[[SteamVR Runtime]]''' is responsible for [[reprojection]] and supports [[Rift]] and [[Vive]].
If you launch a game on Steam that supports [[Rift]] natively (meaning, it has been compiled against the [[OVR Oculus SDK]]), you will get [[asynchronous timewarp]] and it will run exactly like the game from Oculus Home. It won't use the the [[SteamVR Runtime]], it will use the [[Oculus Runtime]]. Only downside is that launching the game is more difficult.
If you buy a game that is compiled against the [[OpenVR SDK]], then it can run on [[Vive]] and Rift. However, running on Rift uses both runtimes: