LogoLogo
THORSwap AppTHORYield AppCommunityFAQ
  • 👋Welcome
  • ⚡THORSwap
    • 💳Wallets
      • 📚Create a new Keystore Wallet
      • 📚Importing a Wallet to Keystore
      • 📚Wallet Management
      • 📚Ledger Hardware Wallet
      • 📚KeepKey Hardware Wallet
    • 🪙Fees
    • ⏩Cross-Chain DEX Aggregation
      • 💠Ethereum DEX Aggregator
      • 🔺Avalanche DEX Aggregator
      • 🔶BNB Smart Chain DEX Aggregator
    • 🏖️RUNEPool
      • ❓How to use RUNEPool
    • 🌊Streaming Swaps
      • ❓FAQs
      • Technical Documentation
    • 🏎️Boosted Swaps
  • 📊THORYield
    • 🖥️Web Dashboard
    • 📱Mobile App
    • 🔢LP Calculator
    • 🤖Discord BOT
  • 🌐Ecosystem
    • 🌩️THORChain
      • 💲TCY
        • ❓How to use TCY
      • 🧑THORNames
        • Technical Documentation
      • ⚡THORNode Management
      • 🔐THORSafe Multi-Sig
        • 👍Benefits & Use Cases
        • ❓How it works
        • 🔑Creating a THORSafe
        • 🔏Signing Multi-sig Transaction
      • 💰Earn (Deprecated)
        • ❓How to Earn
        • Technical Documentation
      • 💸Lending (Deprecated)
        • 🧠Lending Design
        • ✍️How to Lend
        • ❓FAQs
        • Technical Documentation
      • ♻️THORSynths (Deprecated)
        • 📖THORSynths 101
        • 1️⃣Benefits & Use Cases
        • 2️⃣How it works
        • 3️⃣Risks
        • Technical Documentation
  • How To
    • 📖Tutorials
      • 📚Navigate THORSwap
      • 📚Add Liquidity
      • 📚Track Your LP Yield
    • ❓Frequently Asked Questions
      • 1️General
      • 2️THORChain (RUNE)
      • 3️THORSwap (THOR)
      • 4️Cross-Chain Swaps
      • 5️Provide Liquidity
      • 6️Fees
      • 7️Troubleshooting
      • 8️Supported Wallets
      • 9️Streaming Swaps
      • 🔟Lending FAQs
      • 🆘Community & Support
    • ▶️Video Guides
  • THORSwap Token
    • 🪙$THOR
      • 🔧Utility
      • 🐋Fee Discounts
      • 🪙Tokenomics
      • ⭐vTHOR (THOR Staking)
      • ⭐uTHOR Staking (USDC rewards)
      • 🕳️Trading Black Hole
      • ⚖️Efficient Emissions
      • 🔥THOR Burn
      • 🗳️Community Governance
        • 🧠Governance Process
        • 💬Governance Forum
  • Resources
    • 🎨Brand Design & Assets
    • 🔭Audits
    • 📜Terms of Service
    • 🔁SwapKit Dev Docs
    • 🙌Community Discord
    • 🛍️Merch Store
    • 🔗Useful Links
Powered by GitBook
On this page
  • What is $TCY?
  • Key Details
  • Why $TCY
  • Historical context and updates

Was this helpful?

  1. Ecosystem
  2. THORChain

TCY

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

PreviousTHORChainNextHow to use TCY

Last updated 11 hours ago

Was this helpful?

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: 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 .

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:


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

Launch details:

THORFi Unwind:

GRC Video:

P6 proposal:

P6 amendment:

Get Started: 🔹 Claim TCY: 🔹 Trade $TCY on 🔹 Track metrics: | |

🌐
🌩️
💲
THORFi Unwind
here
https://app.thorswap.finance/tcy
https://medium.com/thorchain/tcy-launch-d48bb63cfc4e
https://medium.com/thorchain/thorfi-unwind-96b46dff72c0
https://youtu.be/Vigy8uxTt1c?t=712
https://gitlab.com/thorchain/thornode/-/issues/2152
https://gitlab.com/thorchain/thornode/-/issues/2154
app.thorswap.finance/tcy
THORSwap
THORChain System Income
TCY Claims
Yield Tracker