Every Earn product runs on a third-party on-chain protocol. Rates are variable and not guaranteed, and you can lose some or all of what you deposit through smart-contract failures, price moves or a stablecoin losing its peg.
On this page
Earn connects your wallet to protocols that other parties built and operate: Aave, Blend, Aftermath and Rujira Staking. THORWallet is the interface. It does not operate these protocols and is not responsible for how they perform. This page explains what can go wrong.
Only deposit what you can afford to lose. Nothing here is investment advice.
Risks that apply to every product
- Variable rates. The rate you see is a current figure. It is not a promise. It can fall to zero.
- Smart-contract and protocol risk. A bug, an exploit or a failure of the protocol can cause a partial or total loss.
- Price risk. The value of the asset you deposit, and of the asset the rewards are paid in, can fall.
- Paused actions. A network can pause deposits, withdrawals or staking. While it is paused, you cannot act and your position stays where it is.
- Your own keys. THORWallet never holds your funds, so nobody can recover them for you. Keep your recovery phrase or vault backups safe.
Risks per product
| Product | Main additional risks | When you can exit |
|---|---|---|
| Lending (Aave, Blend) | A stablecoin can lose its peg. Borrowers can default. Low liquidity can delay a withdrawal. | Any time, while the market has enough liquidity |
| RUJI liquid staking | RUJI price moves. The THORChain app layer can be halted. | Withdraw in Earn, unless it is halted |
| SUI liquid staking | You hold afSUI, a token of the Aftermath protocol. Its value depends on that protocol. | Withdraw in Earn. It is not always instant. |
Lending in more detail
When you lend, your stablecoins go into a pool that borrowers draw from. You can withdraw as long as enough of the asset is in the pool. If most of it is borrowed, you may have to wait. The rate also changes with demand: when fewer people borrow, the rate falls.
On Aave, THORWallet keeps a fee on your earnings when you withdraw. The fee is taken from earnings only, never from your deposit. See How to lend stablecoins.
Staking in more detail
Staked assets stay exposed to their own price. Rewards do not protect you if the price of the asset falls.
RUJI rewards are compounded into your staked balance. With SUI you hold afSUI, and returning it for SUI is not always instant. See How to stake RUJI and SUI.
What THORWallet does and does not do
- THORWallet builds the transaction and shows the fees before you sign.
- THORWallet does not hold your assets, set the rates, or guarantee a result.
- Support can explain how a feature works. Support cannot reverse a transaction or recover funds from a protocol. Support will never ask for your recovery phrase.
Related
Common questions
Is my deposit in Earn guaranteed or insured?
No. Nothing in Earn is guaranteed or insured. The protocols are operated by third parties, and you carry the risk.
Does THORWallet hold my funds in Earn?
No. Your assets sit in the contracts or vaults of the protocol, and only your wallet can withdraw them. THORWallet is the interface.
Why did the rate change after I deposited?
Rates are variable. They follow borrowing demand, network income and other market conditions, and they can go up or down at any time.
Can a withdrawal be delayed?
Yes. A lending market needs enough liquidity, unstaking SUI is not always instant, and a network can pause an action.
Is a stablecoin deposit free of price risk?
No. A stablecoin can lose its peg, and the lending protocol itself can fail.
Thank you.
Sorry about that. Chat with support inside the app, or write to info@thorwallet.org. Support will never ask for your recovery phrase.