THORSwap team is re-iterating the power of $vTHOR and how it benefits its users staking $THOR.
Brief details of $vTHOR had been previously shared on THORSwap's Q2 update but the THORSwap team is re-iterating the power of $vTHOR and how it benefits its users staking $THOR.
Here’s all the deets for $vTHOR you’ve been waiting for!
— THORSwap (🔱 ,🔱) (@THORSwap) April 25, 2022
A thread 🧵👇 1/x
TL;DR:
- Launch early May.
- Stake $THOR to receive $vTHOR (existing stakers must withdraw + restake)
- $vTHOR = Your Staking Position + Rewards (Emissions + 75% Swap Fee Rebate)https://t.co/9JQsRD6qZE
$vTHOR is the new membership staking token that offers generous rewards and benefits to active THORSwap participants and users.
The upgraded V2 Single-sided $THOR Staking (launching early May) introduces several new benefits:
Previously 100% free, THORSwap will introduce a 0.3% trading fee (Swaps only), beginning the week of April 25th.
Lots of new benefits and utilities are in the works, most notably:
All done! Your staking position will automatically receive daily staking rewards that auto-compound without any need to claim, redeposit, etc.