Staking TORN Tokens
Staking TORN tokens allows users to earn rewards and support the governance of Tornado Cash Official. This page explains how to stake TORN and the benefits involved.
What is TORN Staking?
TORN is the governance token of Tornado Cash Official. By staking TORN, users lock their tokens in a smart contract to earn rewards and participate in the protocol’s decentralized governance.
Note: Staking requires holding TORN tokens, which can be acquired via exchanges or anonymity mining.
Benefits of Staking
Staking TORN offers several advantages:
- Rewards: Earn additional TORN tokens as staking rewards.
- Governance: Staked TORN grants voting power in the DAO for protocol upgrades.
- Network Support: Staking helps secure and decentralize the Tornado Cash Official ecosystem.
How to Stake TORN
Follow these steps to stake TORN:
- Acquire TORN: Purchase TORN on supported exchanges or earn it through anonymity mining.
- Connect Wallet: Use a wallet like MetaMask and connect to the Tornado Cash Official staking interface (verify the URL on GitHub).
- Stake TORN: Approve the staking contract to access your TORN, then lock the desired amount.
- Claim Rewards: Periodically claim your staking rewards via the interface.
- Unstake (Optional): Withdraw your TORN after the lock-up period, if applicable.
Warning: Verify contract addresses to avoid scams. Check smart contract documentation.
Staking Risks
Consider the following risks before staking:
- Smart Contract Bugs: Vulnerabilities in the staking contract could lead to losses (see risks).
- Lock-Up Periods: Some staking options may lock your TORN for a fixed duration.
- Market Volatility: TORN’s value may fluctuate, affecting the value of your staked assets.
Best Practices
Maximize your staking experience:
- Use a secure wallet and enable two-factor authentication.
- Monitor staking updates on Telegram or GitHub.
- Combine staking with TOR for enhanced privacy.
Further Reading
Explore related topics:
- TORN for details on the governance token.
- Governance for DAO participation.
- FAQ for common questions.