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This dashboard looks at how many wallets have staked THOR since the release of THOR Staking 2.0 in May.
THOR Staking 2.0 is an updated staking mechanism for THORChain's THOR token. It was released in May of 2022, and gives users many added benefits not available in the previous iteration of THOR staking. When users stake THOR, they now receive vTHOR tokens in return, which represent their staked position. vTHOR is a fully composable and transferrable ERC4626 token. Rewards are automatically compounded, meaning users will no longer need to repeatedly re-deposit their rewards, saving time and gas. Another added benefit of THOR Staking 2.0 is that staking rewards no longer consist of solely Community Incentives emissions, but now also include 75% of all THORSwap revenues. In addition, stakers are entitled to Exchange Fee discounts.
Just over 1500 users have staked THOR since the release of THOR Staking 2.0.
The number of unique users depositing THOR peaked on the day of the release of THOR Staking 2.0. On the day of release, May 4th, 641 unique users staked THOR. The daily number of unique users staking THOR has significantly declined since, with less than 50 users staking their token each day after May 8th.
The daily volume of THOR tokens staked has followed the same pattern as the number of users depositing. The greatest amount of THOR tokens staked was on May 4th, where almost 16 million tokens were staked. The number of tokens staked has significantly declined throughout the month.