About

THOR.TCY represents a revenue-share token in THORChain's pools and ecosystem, created to equitize debt from the THORFi unwind and give holders ongoing exposure to the protocol's success.

Key features of TCY include:

• Yield mechanism: In perpetuity, 10% of all THORChain network revenue (primarily swap fees and other protocol income, paid in RUNE) goes to TCY stakers/holders pro-rata.
• Holders must stake TCY to claim their share of the revenue (distributed as RUNE rewards).
• It has no governance/voting rights—it's purely a passive yield/revenue-sharing token.
• TCY can be traded/swapped (e.g., in the TCY/RUNE pool), claimed via tools like THORSwap or official interfaces, and managed/staked for auto-compounding.
• Unclaimed TCY eventually benefits the protocol/treasury.

History

TCY (THORChain Yield) is a native token on the THORChain network. TCY was introduced when THORFi was paused in January 2025 due to unsustainable debt. To address this without full repayment in original assets, the community approved converting that debt into equity via a new token:Each $1 of defaulted/debt claim was converted 1:1 into 1 TCY token. This turned affected users (from lending, savers vaults, or related features) into holders of a yield-bearing token instead of facing total loss.