docs/general/token/staking.md

Staking

Since the execution of proposal #10, an additional utility was enabled for the asset aside from governance. Through the deployment of the relayer registry, which acts as a official store of active relayers. This is then referenced on the frontend through referencing the registry contract. Relayers pay a percent of withdrawal fees to governance to have an active registration in the registry.

The fee mechanisim functions by relayers locking a listing amount (currently 300 TORN) and everytime a withdrawal is processed the registry fee (currently 0.3% of the relayer's arbitary fee) is deducted from their locked balance. This fee is then distributed proportionally to tokenholders locked into the governance contract. Relayers must keep a locked balance greater than the minimum balance (currently 40 TORN) to be marked as an active relayer and be recommended on the frontend.

The listing amount, registry fee and minimum balance are all configurable by governance.

How to stake?

First, connect your wallet to Tornado Cash.

As mentioned above, the process to lock TORN tokens has remained unchanged.

• To do that click the Voting button on the navigation bar at the top of the page to be directed to the governance route of the application
• The governance contract need to be approved in order to allow the transfer of your tokens to the smart contract. To do so, you need to click on the Approve button
• Once the approval is confirmed, you can chose the amount of token to lock, then click on Lock
• All you have to do after that is to confirm the transaction in your wallet & wait for the confirmation to come through

How to claim your staking reward?

To do that click the Voting button on the navigation bar at the top of the page to be directed to the governance route of the application. As soon as you connect your wallet, you will be able to see your staking reward at the top if you have a balance.

• Click Manage -> Claim tab -> Claim button.