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💲TCY

Claim, Manage Staking and Trade THORChain’s Yield-Bearing Settlement Token on THORSwap

Following the default of the THORFi Lending and Savers (Earn) products in 2025, THORChain protocol has undertaken a multi-phase effort to restructure and resolve outstanding claims. For more context, please see: THORFi Unwind article.

What is $TCY?

On January 24th, 2025 (block 19562016), when THORFi (Lending and Earn) was paused, all outstanding claims were dollarized. The dollarized debt amount is the amount of $TCY that is able to be claimed by each affected claimant. The full claims list is available here.

As a yield-bearing token, $TCY is designed to distribute 10% of THORChain’s system income to stakers (paid in RUNE) and enable claimants to participate in THORChain’s long-term growth.

Unlike an airdrop, TCY must be actively claimed by eligible users via an THORChain interface such as THORSwap: https://app.thorswap.finance/tcy

Key Details

  • Claims must be made using the same wallet address associated with your lending collateral, Savers (Earn) position or Synths address.

  • Claimants must connect/set up a THORChain address to claim $TCY.

  • After claiming, your $TCY is automatically staked. It must be unstaked to sell or send.

  • Staked $TCY tokens receive a 10% share of protocol revenue, distributed in RUNE.

  • Yield is not earned until after the $TCY is claimed and staked.

  • Any yield earned by unclaimed $TCY is used to buy back $TCY at market value.

  • Initial liquidity will be bootstrapped by the THORChain Treasury and community participants.

  • TCY price discovery will be market-driven, beginning below par value ($0.10) to reflect risk and forward-looking alignment.

Why $TCY

$TCY embodies THORChain’s ethos of accountability and innovation:

  • For claimants: A chance to recoup value while staying aligned with the protocol’s success.

  • For traders: Price discovery begins at $0.10, offering early participation.

  • For THORChain: A sustainable resolution that preserves protocol health.

Historical context and updates

Get Started: 🔹 Claim TCY: app.thorswap.finance/tcy 🔹 Trade $TCY on THORSwap 🔹 Track metrics: THORChain System Income | TCY Claims | Yield Tracker

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