yRUNE — Yield Bearing RUNE
yRUNE (Yield Bearing RUNE) is a new asset in the THORChain ecosystem.It offers a unique combination:
What is yRUNE?
yRUNE (Yield Bearing RUNE) is a new asset in the THORChain ecosystem.It offers a unique combination:
Direct exposure to the price of RUNE
Real yield capture from Thorchain System Income through TCY
Automatic rebalancing between RUNE and TCY to maximize returns and benefit from volatility
In other words, yRUNE is the first liquid asset that lets users benefit from Thorchain’s system income, something not possible with a standard liquid version of RUNE.
yRUNE is an index product originally developed by NAMI, the team behind the Index contracts.For technical specifications, see the NAMI documentation.
How does yRUNE work?
yRUNE is a self-rebalancing basket of RUNE and TCY, designed around three main drivers:
1. TCY Yield
TCY captures 10% of Thorchain’s system income
The yRUNE contract is whitelisted to receive these rewards, so holders benefit directly
2. RUNE / TCY Price Ratio
TCY’s shallow liquidity causes price swings that create opportunities
yRUNE dynamically rebalances toward the “cheaper” asset, capturing value over time
3. Liquidity & Slippage Protection
Safeguards in the contract ensure rebalancing minimizes market impact
If liquidity is too thin, rebalancing is delayed until conditions improve
Weights & Rebalancing
Initial weights: 80% RUNE – 20% TCY
Rebalancing frequency: with every contract crank (at least once per minute)
Trigger: if weights deviate by more than 1% from the target
Fee Structure
Redemption Fee (1%) → Collected by NAMI as the index creator, charged when withdrawing
AUM Fee (1% per year) → Collected by NAMI, calculated block-by-block and captured on contract interactions
Mint Fee:
None if your wallet balance is below 1,000 RUNE
1% affiliate fee if your wallet holds more than 1,000 RUNE → collected by RUNEBond
💡 This affiliate fee is a RUNEBond-specific policy: it ensures that large RUNE holders still support THORChain’s security by incentivizing them to direct part of their capital into bonded validator nodes, since yRUNE itself does not contribute to bonding.
Risks
yRUNE includes the usual risks associated with DeFi assets:
Asset risk → Exposure to the price of RUNE and TCY
Smart contract risk → The underlying contracts are audited, but never risk-free
Rebalancing risk → Designed to capture volatility, but returns depend on market conditions
Liquidity risk of TCY → Shallow liquidity can lead to sharp price movements
Ecosystem dependency → Changes in Thorchain parameters or protocol upgrades may affect performance
Why choose yRUNE?
The only liquid asset combining RUNE’s price exposure with real system yield from Thorchain
Automatic rebalancing with safeguards against slippage
Seamless access directly through RUNEBond
👉 Get yRUNE now through RUNEBond and explore other yield assets here:
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