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)
@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.
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.
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.