sTCY — Auto-Compounding

sTCY (Staked TCY) is a liquid yield asset within the THORChain ecosystem, powered by the AutoRujira team.

It is designed to give users compounding exposure to TCY, the token that directly captures 10% of Thorchain’s system income. Unlike holding raw TCY, sTCY automatically compounds rewards within the contract, eliminating the need for manual re-staking.

How does sTCY work?

At its core, sTCY is a wrapper around TCY deposits:

  1. Deposit TCY → Get sTCY Users deposit TCY into the contract and receive sTCY in return. Rewards are continuously auto-compounded into the pool.

  2. Redeem sTCY → Get TCY back Users can at any time burn sTCY to redeem their underlying TCY plus the compounded rewards.

  3. Auto-Compounding Engine The contract continuously compounds rewards, increasing the value of each sTCY share relative to TCY over time.

💡 The share price (exchange rate between sTCY and TCY) gradually rises as rewards accumulate.

Fee Structure

The AutoRujira team, who developed and maintain the sTCY contract, collect a 5% fee on generated rewards.

  • Deposit Fee: None

  • Withdrawal Fee: None

  • Performance Fee: 5% of compounded rewards

This aligns incentives: users enjoy seamless compounding while the maintainers are compensated only when yield is generated.

Risks

As with any DeFi yield product, sTCY carries risks:

  • Asset risk → Exposure to TCY price fluctuations.

  • Smart contract risk → The underlying AutoRujira contracts are audited, but never risk-free.

  • Liquidity risk → TCY markets can be shallow, leading to volatility.

  • Protocol dependency → Changes in THORChain’s system income model could affect performance.

Why choose sTCY?

  • Pure auto-compounding → No need to claim or reinvest rewards.

  • Liquid staking → Redeem at any time without lockups.

  • Seamless experience → Direct access via RUNEBond integration.

  • Aligned incentives → Fees only on rewards, never on principal.

Get Started

sTCY is now live and available through RUNEBond.

👉 Start compounding your TCY seamlessly: RUNEBond Yield Assets Dashboard

Happy compounding! 🧬

PreviousyTCY — Yield Bearing TCYNextSwap

Last updated