Markets · $TCY
$TCY
THORChain Yield Share Token.
About
TCY is a newly minted token on THORChain created as part of a debt-to-equity conversion proposal. It is distributed 1:1 for every dollar of defaulted debt to affected lenders and savers. Instead of repaying users directly, THORChain now allocates 10% of all protocol fees to TCY holders, paid out in RUNE daily.
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