Last updated
Last updated
Savers Vaults offer a streamlined way to provide single-asset liquidity on THORChain. Users can deposit native assets like Bitcoin, earn yield in-kind, and withdraw their principal at any time, all while maintaining full control of their keys.
With Savers Vaults, you’re only exposed to the price action of a single asset. There’s no need for rebalancing or concern about impermanent loss.
Yield is generated from the swap fees and liquidity fees of the specific pool on THORChain. However, be aware that slippage fees apply when entering or withdrawing from Savers Vaults. These fees are based on the size of your deposit or withdrawal relative to the pool's depth.
More Resources on Savers
THORChain Savers Vaults:
THORChain Savings:
Behind the Scenes:
Video Guide:
For example, a user enters the Savers Vault with 1 BTC (native).
The native BTC is swapped for an equivalent amount of native RUNE
Native RUNE is used right away to mint an equivalent amount of Synth BTC
The Synth BTC is locked in the Savers Vault and earns yield.
Once the user decides to leave the pool, the process is as follows:
Synth BTC is removed from the Savers Vault
Synth BTC is redeemed for native RUNE
Native RUNE is swapped for native BTC and returned to the user
Available Assets on Saver Vaults:
BTC
ETH
BNB (BSC/Beacon Chain)
ATOM
DOGE
LTC
BCH
AVAX
USDC (ERC-20/AVAX)
USDT (ERC-20)
Are Saver Vaults risky?
Of course, there are no free lunches, and Savers Vaults come with their own set of risks. While you’re shielded from traditional CeFi risks, you should be aware of protocol and DeFi risks such as potential bugs, exploits, and governance issues. Additionally, there are specific risks related to the mechanics of Savers Vaults. Chad Barraford, one of THORChain’s core developers, provides an in-depth explanation of these risks here.
To learn more about how savers work, please refer to the given resources .