THORChain Markets · $TCY
$TCY
THORChain Yield Share Token — stake TCY to earn 10% of THORChain protocol revenue , paid in RUNE.
About
TCY is a native THORChain asset introduced in May 2025 to restructure roughly $210M of defaulted debt from the THORFi lending and savings services that were halted in January 2025. It converts that debt into an equity-like stake in the protocol: eligible creditors receive TCY 1:1 for each dollar of defaulted balance.
Instead of direct repayment, THORChain now streams 10% of all system revenue — swap fees and block rewards — to TCY stakers, paid out in RUNE. Unclaimed yield is used to buy back TCY, creating a compounding, deflationary loop.
Supply
210,000,000
Yield share
10%
Payout asset
RUNE
Introduced
May 2025
How it works
- Claim. Holders with active loans or Savers positions at the January 2025 halt claim TCY 1:1 for their defaulted balance via a supported interface.
- Stake. TCY must be staked to accrue yield. Claiming through most interfaces auto-stakes the claimed balance.
- Compound. A permissionless auto-compound contract reinvests RUNE yield back into TCY, buying back tokens and tightening effective supply.
Market