$THOR — Moving towards Sustainable Yield 🌱
THORSwap lays the foundation for stronger protocol tokenomics and future growth ⚡
The THORSwap community’s voice has been heard!
Today we officially introduces two new bold updates to $THOR tokenomics and Staking rewards. These changes signify our commitment to a more sustainable model based on Real Yield fee-sharing with the community 🤝
Introducing: $vTHOR Discount Tiers
When we launched $THOR Staking 2.0 in May, we celebrated THORSwap’s 1-year anniversary and the launch of $vTHOR with a limited time promotion of 100% discount on THORSwap Exchange fees for $vTHOR holders.
Today this promotion will be replaced with the introduction of a new formalized on-going feature: $vTHOR Discount Tiers.
Depending on your $vTHOR HODL amount, you will be eligible for a discount of 17~100% off Exchange Fees when trading on THORSwap.
See the breakdown below:
It’s important to remember:
$vTHOR holders receive 75% of THORSwap revenue in the form of #RealYield. This change means more rewards for $THOR stakers, while still providing our loyal community members with sizable trading discount benefit.
Furthermore, swaps of below $100USD in value will still remain free for all users.
NOTE: You must connect your ETH wallet holding $vTHOR to receive exchange fee discounts.
Emissions Adjustment
To ensure a more sustainable and less inflationary emission model, starting from today:
THORSwap will reduce staking emissions by approximately 50% from 15 $THOR per block to 7 $THOR per block.
In the spirit of decentralization, $THOR was designed to be decentralized and majority (65%) community owned from the beginning: with 50% total supply allocated towards Community Incentives.
Rest assured: the $THOR token supply delegated to the community remain designated for that purpose, stay tuned for future updates 🤝
In the future as swap revenue increases (in turn growing $vTHOR fee-share rewards), we will continue to taper this downward in an on-going effort to transition away from inflationary emissions and towards real yield.
Looking Ahead
Our sustainable yield has remained consistent at around 5% APY for the past three months (July, August and September). As Sustainable Real Yield is generated purely from THORSwap’s revenue fee-sharing mechanism, this is creates huge positive feedback for our community. A steady 5% APY of native yield situates THORSwap into the top revenue-generating protocols in the whole of DeFi.
These two steps — $vTHOR Discount Tiers & Emissions Adjustment — are important steps towards a sustainable protocol with sustainable yield. We will continue explore and introduce new deflationary mechanisms for $THOR together with the community. These include new revenue streams, API partnerships, launching more chain integrations and expanding our DEX Aggregator (support for Avalanche ARC-20 longtail assets coming soon).
Thank you to all $THOR and $vTHOR holders for believing in our vision to build the best Decentralized Cross-chain Exchange. We will continue to lay the foundations for the future of DeFi — the road ahead isn’t easy, but look how far we’ve come! 💪
About THORSwap
THORswap is a multi-chain DEX Aggregator built on THORChain’s cross-chain liquidity protocol and the flagship interface for all THORChain services. Perform permissionless cross-chain swaps right from your own self-custodied wallet. Learn more at https://thorswap.finance.
Twitter: https://twitter.com/thorswap
Discord: https://discord.gg/thorswap
Website: https://thorswap.finance
THORSwap App: https://app.thorswap.finance
THORSwap Docs: https://docs.thorswap.finance
Telegram Announcement: https://t.me/thorswap_ann
Community YouTube: https://www.youtube.com/THORSwapCommunity
THORChads DAO
The rewards programme and Metaverse home for THORChads, where the community can enjoy community projects like NFTs and games. THORChads.com will support new creative community projects with marketing, dev support, and more.
Merch Store: https://thorchads.metaswagclub.com
Discord: https://discord.gg/thorchads
Twitter: https://twitter.com/THORChadsDAO
Medium: https://thorchads.medium.com
Website: https://thorchads.com
OpenSea: https://opensea.io/collection/thorchads
