⭐uTHOR Staking (USDC rewards)
$uTHOR offers staking rewards, auto-compounding, trading discounts, composability, capital efficiency and more.
What is $uTHOR?
$uTHOR is a membership staking token that offers generous rewards (in $USDC) and benefits to active THORSwap participants and users.
$uTHOR is an ERC-20 token (on Ethereum) representing a staked $THOR position.
$uTHOR Contract Address: 0x34deff97889f3a6a483e3b9255cafcb9a6e03588
Users can stake $THOR to receive $uTHOR on THORSwap: https://app.thorswap.finance/stake
$uTHOR Staking Benefits:
$uTHOR token: Stake $THOR tokens to receive $uTHOR tokens, a composable and tradeable representation of your staked $THOR position.
Trading Discounts: THORSwap users holding $uTHOR will be entitled to trading fee discounts.
Staking Rewards: 55% of revenues will accrue back to $vTHOR, $uTHOR, $yTHOR and THOR LP based on the ratio of $THOR in each pool.
$uTHOR rewards are earned in $USDC and can be claimed at anytime.
$uTHOR can be withdrawn at anytime to receive the original staked $THOR
Fee-sharing Staking Rewards
$vTHOR staking is rewarded in $THOR and auto-compounding. $uTHOR on the other hand, rewards stakers in $USDC stablecoin which can be claimed at anytime. Both pools are rewarded from 55% of THORSwap fees (alongside $yTHOR, which operates in the same manner as $uTHOR except it is locked and $THOR cannot be withdrawn once staked).
How rewards work:
25% of THORSwap revenue will go to THORSwap Treasury for development and maintenance.
55% of THORSwap revenue will accrue back to $vTHOR, $uTHOR, $yTHOR and THOR LP based on the ratio of $THOR in each pool
20% of THORSwap revenue will go towards buyback + burn programme.
This new staking rewards model offers the community more choice and freedom in deciding how they wish to receive their staking rewards.
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