2022 was an enlightening experience for the collective crypto industry. Large organizations that demonstrated strength and profitability in 2020-2021 faced massive setbacks that bankrupted certain associations. One of the most notable examples was FTX, the centralized exchange, which faced a liquidity crisis and eventually collapsed. The incident highlighted problems with cash, reigniting debate over whether decentralized exchanges are a better option.
Now, Torah Finance is developing a solution that will provide better control over digital assets while giving users peace of mind about their funds.
What is Torah Finance?
Torah Finance is an Ethereum-based decentralized exchange that allows users to trade ERC-20 tokens in a secure environment. The platform aims to provide good on-chain functionality with low slippage, greater depth and low transaction fees. It is a mixed liquidity pool trading model that allows users to earn rewards when they provide liquidity. Torah Finance charges a small transaction fee, thereof 50% goes to liquidity providers and 20% used to buy back TRH, the other 30% will be distributed through a proposal led by the Torah DAO.
The main goal of the Torah DAO token is to incentivize liquidity providers on the platform and involve them in the governance of the protocol. $TRH is Torah’s token and users can trade, exchange and barter with $TRH. According to the protocol
“The rights of Torah DAO are sole and exclusive. This allows users to either boost trading rewards or farm rewards on the boost page or voting page. Community members can participate in DAO governance using Torah’s governance token veTRH.”
How will users access $TRH?
Users providing liquidity will receive $TRH for their participation. In this way, the protocol is able to offer low fees and minimal slippage. The asset can also be traded as a cryptocurrency. It can be blocked to claim $veTRH which is a governance token. One of the main benefits of holding $TRH is the vote retention boost. Over time, each user providing liquidity can increase their daily TRH rewards by locking more $TRH.
$TRH Tokenomics
The $TRH financial protocol has a limit of 1 billion TRH tokens, which will not be exceeded in the future. In fact, depending on the variable market structure, the supply may be subject to deflation. The purpose of issuing a governance token with veTRH is to ensure that there is a distinction between governance rights and voting rights, allowing the protocol to establish an appropriate and fair governance solution.
token distribution
Yield Farming – 35%
Release period: 4 years distribution (20% discount every 90 days)
Transaction Mining – 30%
4 years of distribution (20% discount every 90 days)
Fundraising- 15%
12 months distribution
Team- 15%
24 months distribution
Community- 5%
One time activation
Free TRH Airdrops from Torah Finance for $CRV and $UNI holders
According to Torah’s recent announcement, its protocol token TRH was officially launched in December 2022. Additionally, around 200 million TRH will be airdropped to holders of $CRV and $UNI tokens.
How to register for Torah Finance Airdrops
- Go to Torah Finance’s website and click on their Airdrop section. Then connect your wallet
- Ethereum wallets must contain $UNI or $CRV to be eligible for the current airdrop
- Next, users can click on “Claim Airdrop”.
- The total airdrop amount is 2% of the total token amount added to the airdrop pools.
Over time, TRH token holders should be able to enjoy several benefits. Holding TRH tokens reduces users’ transaction fees and allows them to participate in market-making transparently. Furthermore, users who get veTRH by staking TRH will eventually be able to improve $TRH’s staking rate and the overall market value of $TRH will increase. The protocol is also working to stimulate BTC and ETH transactions to allow liquidity providers to have more financial incentives and mitigate losses.
Visit the Torah Finance official website for more information.
Twitter: https://twitter.com/TorahFinance
operation manual：https://torahdao.gitbook.io/torah-finance/
Technical Documents: https://github.com/torah-fi
mirror:https://mirror.xyz/torahdao.eth
Governance Forum: https://snapshot.org/#/torahdao.eth
Disclaimer: This is a sponsored post.
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