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Nodes Begin Voting on Savings Vault
November 02, 2022 #News #THORChain

Nodes Begin Voting on Savings Vault


Savings Vault is coming and THORChain Nodes are ceremonially in the process of bringing the feature life.

Savings Vault has been designed to be simple with no exposure to $RUNE:

  • User deposits BTC
  • BTC gets turned into liquidity pool
  • Pool does swaps and earns yield
  • Yield is paid back to the Saver and accrues up.
  • Saver can leave anytime back to L1 BTC

Users have to pay slip fees when entering or leaving a savers vault. Large transactions in shallow pools will incur large fees to save/withdraw.

Once 2/3rds of nodes have voted in favor, this feature will be activated.

The cave you fear to enter holds the treasure you seek