Still have questions about the upcoming launch of $THOR Staking 2.0 aka $vTHOR? We got you!

A quick thread 🧵👇 1/3

So what makes the new single-sided $THOR Staking Contract different? And what benefits does $vTHOR bring?

Check out the handy comparison chart below:
"By Odin's Beard, that's amazing!", I hear you say. "So how to migrate if I'm already staking $THOR?"

Well #THORChads, here's another chart!

Remember:
1. Legacy Staking APR will end upon $vTHOR launch
2. When you withdraw, rewards will also be claimed (so 1 tx is all you need)
How will auto-compounding & claiming rewards work in $THOR Staking 2.0? Through $vTHOR of course! In this example you can see $vTHOR makes everything a lot more flexible and intuitive.

It's even transferable so you won't have to withdraw/ restake to move your staking position💪
Other key info:

- Launch in early May.
- Stake $THOR to receive $vTHOR (existing stakers must withdraw + restake)
- $vTHOR = Your Staking Position + Rewards (Emissions + 75% Swap Fee Rebate)

Read more 👉medium.com/@thorswap/intr…

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More from @THORSwap

Mar 15
THORSwap vision and roadmap revealed 🧵👇

Cross-chain aggregator, V2 redesign, and vTHOR are coming soon

THORSwap’s vision is “Become the One-stop Defi Exchange in crypto” by leveraging the cross-chain DEX aggregation protocol.

$THOR
1/x Image
- Problems

1. Defi liquidities are siloed by different blockchains and AMMs.

2. Aggregators like 1inch, 0x, and Paraswap are focused on EVM chains like Ethereum, BSC, Polygon and etc.

2/x
3. There’s no way to trade native $BTC, $LUNA, $UST, $DOGE, $BCH, $LTC in a decentralized way without utilizing THORChain protocol.

4. THORChain isn’t designed for long-tail assets and it’s more gas efficient to swap in/out long-tail assets in one tx using the aggregator.

3/x
Read 20 tweets
Mar 7
@THORChain Synthetic feature is coming in a few days and will open the gate to THORfi.

Users will be able to Mint synth assets, swap between synth assets, and Redeem to the Native assets.

But, Wtf is THORChain Synth? 👇🧵
1. THORChain synthetic assets are primitives for both higher-order financial features, as well as fully-secured, fully-backed synthetic assets that can be sent anywhere in the Cosmos IBC ecosystem and they will always retain the guarantee they can be redeemed for the underlying.
2. THORChain synths are unique in that they are 50% backed by their own asset, with the other 50% backing being provided by RUNE. This is achieved by using pool ownership to collaterise the synth, which ensures always-on liquidity and pricing.
Read 9 tweets
Dec 10, 2021
Introducing vTHOR (Staking 2.0)! 🧵👇

This is only the start of (🔱,🔱)

Single $THOR staking will eventually migrate to vTHOR in the future.

Prepare yourself Chad, we have so much more to give.
1. So far for (🔱,🔱) we have launched:

- Incentive pendulum to balance staking incentives and demand for OHM bonds
- ETH.RUNE OHM Bonds to set up TC Nodes to help network stability and acquire TC liquidity
- Reduced our over efficient liquidity to benefit nodes and network
2. For vTHOR, we had our best degens revamp THORSwap’s tokenomics — bringing more utility, composability, value accrual, and capital efficiency.

vTHOR will be interest-bearing, auto-compounding, and will unlock the full potential of cashback.
Read 8 tweets
Dec 10, 2021
$THOR incentive pendulum adjustments are made for 3 reward pools. 🧵👇

1. Boosted single staking rewards to 5x with 630% APY

app.thorswap.finance/stake
2. Responsibly reduce THOR-RUNE LP/farming emissions to a sustainable level - 30%
3. Olympus Pro listing for acquiring POL to ensure the longevity of protocol.

pro.olympusdao.finance/#/partners/THO…
Read 4 tweets
Dec 10, 2021
We are introducing our very own incentive pendulum to adjust incentive rewards to ensure THORSwap's longevity and sustainability. 🧵👇

thorswap.medium.com/thor-incentive…
1. boost (5x) to $THOR single-sided staking
We will be gradually increasing single-sided staking rewards by 5x! This is where the game theory comes in hence (🔱,🔱)!
Most circulating $THOR is locked in the staking contract already. The new vTHOR proposal will continue this trend.
2. Own liquidity in the THOR-RUNE pool
ETH.RUNE bonds on Olympus Pro allow THORSwap to start acquiring liquidity in the THOR-RUNE pool. After acquiring ETH.RUNE, we will then upgrade it to Native Rune (retiring ETH.RUNE) and deposit the Native RUNE into the THOR-RUNE pool.
Read 7 tweets
Dec 9, 2021
Happy THORSday!

THORSwap bonds are now available with our new partner Olympus Pro.
olympusdao.finance/pro

Longevity is the key to the protocol and THORChads can contribute to the longevity of THORSwap and get a discount. 🧵👇
1. How to acquire bonds?

Please read this blog to understand how to purchase bonds:
thorswap.medium.com/how-to-acquire…

Bonds are a contract between you and THORSwap, where you provide an asset (THOR-ETH SLP, ETH.RUNE, RUNE-ETH SLP) in exchange for discounted $THOR
2. THORSwap acquires those assets to convert into protocol owned liquidity.

Chads like yourself acquire $THOR at a discount.

This aligns long-term holders with the longevity of the protocol.

Everyone wins!
Read 7 tweets

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