change to limo

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Roman Storm 2022-04-11 23:52:59 -07:00 committed by GitHub
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Since its inception, the TORN token is used by Tornado Cash users for governance. Its main utility is to allow the suggestion of proposals & voting both in-chain (through locked TORN for governance proposals) and off-chain (on Snapshot). Since its inception, the TORN token is used by Tornado Cash users for governance. Its main utility is to allow the suggestion of proposals & voting both in-chain (through locked TORN for governance proposals) and off-chain (on Snapshot).
Since the execution of [Tornado Cash 10th governance proposal](https://tornadocash.eth.link/governance/10), TORN token has gained one other useful utility. Indeed, **with the introduction of a decentralized relayer register,** **a staking reward has been implemented for all holders with locked TORN in the governance contract.** Since the execution of [Tornado Cash 10th governance proposal](https://tornadocash.eth.limo/governance/10), TORN token has gained one other useful utility. Indeed, **with the introduction of a decentralized relayer register,** **a staking reward has been implemented for all holders with locked TORN in the governance contract.**
[TORN](torn.md) holders can still lock their tokens into the governance contract as they used to for governance purposes. The significant difference is that they are now able to receive a portion of the fees collected by the protocol from relayers. Obviously, the proportion of the reward will be equal to the proportion of their locked TORN. [TORN](torn.md) holders can still lock their tokens into the governance contract as they used to for governance purposes. The significant difference is that they are now able to receive a portion of the fees collected by the protocol from relayers. Obviously, the proportion of the reward will be equal to the proportion of their locked TORN.
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As mentioned above, the process to lock TORN tokens has remained unchanged. As mentioned above, the process to lock TORN tokens has remained unchanged.
* It happens here ➡️ [https://tornadocash.eth.link/governance](https://tornadocash.eth.link/governance) ⬅️, by clicking on **`Manage`**, then going on the **`Lock`** tab * It happens here ➡️ [https://tornadocash.eth.link/governance](https://tornadocash.eth.limo/governance) ⬅️, by clicking on **`Manage`**, then going on the **`Lock`** tab
* 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 * 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`** * 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 * All you have to do after that is to confirm the transaction in your wallet & wait for the confirmation to come through
@ -25,7 +25,7 @@ As mentioned above, the process to lock TORN tokens has remained unchanged.
### How to Claim Your Staking Reward ? ### How to Claim Your Staking Reward ?
Now that your TORN tokens have stayed nice & warm locked in the governance contract, you are able to claim your staking reward. How to do that? Everything is still happening here ➡️ [https://tornadocash.eth.link/governance](https://tornadocash.eth.link/governance) ⬅️ Now that your TORN tokens have stayed nice & warm locked in the governance contract, you are able to claim your staking reward. How to do that? Everything is still happening here ➡️ [https://tornadocash.eth.link/governance](https://tornadocash.eth.limo/governance) ⬅️
As soon as you log in the page, you will be able to see your staking reward at the top, just waiting for you to collect it 💰 As soon as you log in the page, you will be able to see your staking reward at the top, just waiting for you to collect it 💰