# vTHOR (THOR Staking) ### What is $vTHOR? $vTHOR is a membership staking token that offers generous rewards and benefits to active THORSwap participants and users. $vTHOR is built as a Tokenized Vault Standard (ERC-4626) on Ethereum, a standard which allows composability and apps to be built on top of its functionality. $vTHOR Contract Address: **0x815C23eCA83261b6Ec689b60Cc4a58b54BC24D8D** **Users can stake $THOR to receive $vTHOR on THORSwap:** [**https://app.thorswap.finance/stake**](https://app.thorswap.finance/stake) {% embed url="" %} To learn how to Stake $THOR for $vTHOR to earn Rewards on THORSwap {% endembed %} ### Staking V2 ($vTHOR) Benefits: * **$vTHOR token:** Stake $THOR tokens to receive $vTHOR tokens, a composable and tradeable representation of your staked $THOR position. * **Trading Discounts:** THORSwap users holding $vTHOR 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 * **Auto-compounding Staking Rewards**: V2 Staking features automatic compounding — your staking position will receive daily rewards and auto-compound without any user action. You no longer need to repeatedly claim and re-deposit, saving you gas and helping you to earn more rewards. *** ### Fee-sharing Staking Rewards Staking V1 Rewards came purely from emissions of the [Community Incentives pool](https://docs.thorswap.finance/thorswap/usdthor-token/usdthor/thor-tokenomics). The upgraded Staking V2 Rewards come from a share of 55% of THORSwap affiliate fees. This new staking rewards model signifies a transition from inflationary emissions-based rewards, to a more sustainable model based on fee-sharing with the community. ### Auto-compounding V1 Staking required users to manually claim rewards and manually re-deposit into the staking pool. In response to community feedback, V2 Staking features automatic compounding - you no longer need to repeatedly claim and re-deposit. Your staking position will receive daily rewards and auto-compound without any user action. Auto-compounding is an user convenience, it helps you save gas by minimizing transactions, and ultimately helps you earn more rewards. When you unstake your $THOR by redeeming your $vTHOR, you will receive all of your originally staked $THOR tokens plus any additional $THOR rewards. ### **Staking Rewards Explained**

Exact % may vary, staker % based on estimate snapshot taken on 29th November, 2025.

Staking $THOR for $vTHOR is very similar to the $xSUSHI and $sSpell staking models. 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. The ratio of $vTHOR : $THOR in the staking pool starts off as a 1 : 1 ratio. Because staking rewards are added into the pool, this ratio will always remain above a 1 : 1 ratio. *** **Protocol Example**\ For easy math, let us assume there is only 100 $THOR staked in the staking pool at the original ratio of **1:1** (1 $vTHOR = 1 $THOR). If the protocol distributes 10 $THOR rewards into the $vTHOR staking pool, the new ratio becomes **1 : 1.1**, as 100 $vTHOR can claim 110 $THOR. **User Example**\ Let’s say Chad stakes 10 $THOR, at the original ratio of 1:1 and thus Chad would receive 10 $vTHOR. As shown above, the protocol distributes 10 $THOR into the staking pool changing the ratio to **1 : 1.1**. When Chad redeems his 10 $vTHOR, Chad now receives 11 $THOR (initial deposit of 10 $THOR + staking rewards of 1 $THOR). Alternatively, if Chad had staked his 10 $THOR when the ratio was 1 : 1.1, he would receive 9.09 $vTHOR. If he decides to redeem his 9.09 $vTHOR when the ratio is 1 : 1.3, he would then receive 11.8 $THOR. ![](https://23456556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MdJ6lwbaGJ2kGz5h8Fz%2Fuploads%2FBwoaGCvlVnRGfsaK8sVR%2FvTHOR%20example.jpg?alt=media\&token=e701820b-a58b-4ede-857a-6282928a558c)