Introduction
In the THORChain / THORSwap ecosystem, the THOR Wallet (or any compatible wallet) plays a central role in yield farming, liquidity provision, and interacting with on‑chain features like “Earn” or lending modules. This guide shows you how to use your THOR Wallet (or wallet supporting THORChain) to farm yield, how the various units (spot / liquidity, perps if available, lending or earn) are structured, and tips to maximize your returns while managing risk.
1. Spot / Liquidity Yield via THOR Wallet
The primary way to earn yield via your THOR Wallet is by supplying liquidity into THORChain / THORSwap pools. This is the "spot / liquidity" unit in this context.
- Connect your wallet (THOR Wallet, or wallet with THORChain support) to the THORSwap / Earn interface (or THORChain frontends). ([docs.thorswap.finance](https://docs.thorswap.finance/?utm_source=chatgpt.com))
- Select a liquidity pool (often pairing your native asset with RUNE) in the “Swap / Earn / LP” section.
- Deposit tokens into that pool — e.g. BTC + RUNE or ETH + RUNE.
- Your wallet will receive LP tokens, which represent your share of the pool and entitle you to a portion of swap fees + rewards.
- Monitor APRs, pool depth, and impermanent loss risk. You can exit anytime (subject to slippage).
THORChain also has **Savers Vaults / Earn** functionality, which lets you deposit a *single asset* (like BTC or ETH) and earn yield without exposure to RUNE or impermanent loss. That is, your deposit is converted into a synthetic-backed asset that tracks the pool. ([docs.thorswap.finance](https://docs.thorswap.finance/thorswap/thorswap/earn?utm_source=chatgpt.com)) Note: some of these features are currently **deprecated / paused** as of 2025. :contentReference[oaicite:0]{index=0}
2. Perps / Derivatives via THOR Wallet (If Supported)
As of now, there is **no widely documented perennial derivatives / perps / futures module** integrated into THORSwap / THORChain. The protocol mainly focuses on spot swaps, liquidity, and earn / lending modules. If perps are added in the future, your THOR Wallet would act as the entry point (collateral deposits, margin, etc.), but currently this is not available.
3. Lending / Earn / Yield Units & Their Status
THORChain previously offered a lending / borrowing module (often referred to as THORFi Lending) which allowed users to deposit native assets and borrow other assets with **zero interest, no liquidations, and no expiration**. :contentReference[oaicite:1]{index=1} However, as of January 2025, the lending and “Earn / Savers” modules have been paused or deprecated by protocol vote. :contentReference[oaicite:2]{index=2}
In replacement, **$TCY** was launched as a yield‑bearing settlement token to compensate affected users. Users eligible to claim TCY can stake it to earn protocol revenue (in RUNE). :contentReference[oaicite:3]{index=3} You would use your THOR Wallet to claim, stake, or manage TCY via the THORSwap / THORChain interface. :contentReference[oaicite:4]{index=4}
4. Strategies to Maximize Yield via THOR Wallet
- Choose deep and stable pools: Pools with higher liquidity tend to have lower slippage and more stable yield.
- Use Savers / Earn (when active): Deposit single assets to avoid impermanent loss, but check whether the feature is active. :contentReference[oaicite:5]{index=5}
- Claim and stake TCY: If you were an affected user, claiming TCY and staking it can generate yield in RUNE. :contentReference[oaicite:6]{index=6}
- Monitor APR changes: Yield is variable and depends on swap volume, pool incentives, and utilization. Frequent checking helps you adjust your positions.
- Manage slippage & entry/exit timing: Especially for large deposits or withdrawals, slippage costs matter. Splitting into smaller transactions can help.
- Stay updated with protocol updates: Modules (lending, earn) may be reactivated or new features introduced — your THOR Wallet must be ready.
Frequently Asked Questions (FAQs)
1. Can I use THOR Wallet for perps trading currently?
No — there is currently no perps / derivatives trading module in THORChain / THORSwap. The protocol focuses on swaps, liquidity, and yield modules.
2. Is lending / borrowing still active?
No — as of early 2025, the lending / borrowing (THORFi) module and “Earn / Savers” are paused or deprecated. :contentReference[oaicite:7]{index=7}
3. How do I claim $TCY using THOR Wallet?
Visit the THORSwap “TCY” or claim interface, connect your THOR Chain wallet (e.g. via THOR Wallet), and claim; the $TCY is automatically staked. :contentReference[oaicite:8]{index=8}
4. Can I withdraw liquidity anytime?
Yes — for standard liquidity pools, you can exit (withdraw your share). But be mindful of slippage and timing. For Earn / Savers (when active), withdrawals may incur slippage fees. :contentReference[oaicite:9]{index=9}
5. How do I check yields and track performance?
You can use THOR Wallet (if it supports it), THORYield dashboard, or THORChain frontends to monitor your LP tokens, yields, and positions. Note: some users report occasional display inconsistencies. :contentReference[oaicite:10]{index=10}
Conclusion
The THOR Wallet is your gateway to yield farming in the THORChain / THORSwap ecosystem. By supplying liquidity, you can earn swap fees and rewards. The older lending and earn / savers modules are currently paused, but the $TCY token was introduced to compensate users, and you can claim and stake it via your wallet. While perps are not offered today, keeping your wallet updated and connected ensures you’re ready if and when the protocol introduces derivatives or revived lending features. Favor deep pools, manage slippage, and stay informed via official docs to maximize returns while safeguarding your principal. Always double‑check you’re using the official THORSwap / THORChain interfaces, and start with modest amounts until you are familiar with risks. Happy farming!