> For the complete documentation index, see [llms.txt](https://faqs.thorwallet.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://faqs.thorwallet.org/tcy.md). # TCY TCY stands for **THORChain Yield** a new token introduced on the THORChain network as part of a recovery plan following issues in [early 2025. ](https://medium.com/thorchain/thorfi-unwind-96b46dff72c0) In simple terms, TCY is an **equity-like token** that gives holders a share of THORChain’s future revenues. It was created specifically to address the collapse of THORChain’s ThorFi services [(Lending and Savers vault ](https://medium.com/thorchain/tcy-launch-d48bb63cfc4e)) that occurred in January 2025. Instead of a one-time payout, TCY converts the debt owed to users into a token that **earns yield from the network over time**, **ten percent** of all THORChain system income (fees and block rewards) is allocated to TCY holders as yield. #### Claiming If you had funds in THORChain’s Savers vaults, an active ThorFi loan, or held THORChain synthetic assets when the system was halted in January 2025, **you are likely eligible to claim TCY .**TCY is **not automatically airdropped** to you, it must be claimed manually , there is no timeframe for TCY claiming. If you are eligible to claim TCY , a banner would pop-up on your home screen (similar to the below). Follow the flow of the Interface after tapping on the banner to claim the TCY. {% hint style="warning" %} TCY is automatically staked at Claim , go to the earn tab to view your position {% endhint %} ![](/files/9dVqIXTabHhTxWs0yfhh)