# 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. ![](/files/PdUYKwvb8iSHQHZyXe5F) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.thorswap.finance/thorswap/thor/about/vthor.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.