43 lines
2.5 KiB
Markdown
43 lines
2.5 KiB
Markdown
---
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description: Staking alternatives for $TORN
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---
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# Staking
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Since the execution of [proposal #10](https://tornadocash.eth.limo/governance/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.
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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.
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The listing amount, registry fee and minimum balance are all configurable by governance.
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### How to stake?
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# Tornado Cash
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### How to Stake TORN token ?
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First, [connect your wallet to Tornado Cash](../../tornado-cash-classic/how-to-connect-your-wallet.md).
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As mentioned above, the process to lock TORN tokens has remained unchanged.
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* It happens here ➡️ [https://tornadocash.eth.limo/governance](https://tornadocash.eth.limo/governance) ⬅️, by clicking on **`Manage`**, then going on the **`Lock`** tab
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* 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
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* Once the approval is confirmed, you can chose the amount of token to lock, then click on **`Lock`**
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* All you have to do after that is to confirm the transaction in your wallet & wait for the confirmation to come through
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### How to Claim Your Staking Reward ?
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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) ⬅️
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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 💰
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* Click **`Manage`** -> **`Claim`** tab -> **`Claim`** _button._
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.png>)
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##
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