Hassan Maishera
On Tuesday, the Thorchain team announced via X that it has launched TCY, a new asset on THORChain claimable by those affected by Lending and Savers. $TCY stakers earn 10% of the network's income indefinitely. It will also be available to trade on your favorite frontends.
The TCY module was introduced via Merge Request #3988, enabling users with legacy ThorFi claims to receive TCY: a yield-bearing claims token designed to distribute protocol fees over time. Users can opt out by unstaking their TCY.
The sentiment is that TCY is not a final payout, but a mechanism to share in the long-term upside of the protocol. Designed with deflationary dynamics and continuous buybacks, it allows former claimants to participate in THORChain’s future growth.
THORChain is a decentralized cross-chain exchange where traders can swap cross-chain assets via liquidity pools across Binance Chain, Ethereum, and Bitcoin. RUNE is up 3% today and is currently trading at $1.299.
