💡FAQS
What is Torah finance?
Torah Finance is a decentralized exchange of liquidity pools on on Ethereum.
It is featured in high efficient and low-risk stablecoin trading, providing liquidity providers with extra income. Users can trade, provide liquidity and get rewards in a secure and stable on-chain environment with low slippage, good depth, and low fees.
What is $TRH?
TRH (also known as $TRH) is Torah’s token. One can trade, exchange or swap with $TRH. TRH can be locked for some time to gain veTRH, Torah’s governance token that can be used to achieve several features.
What is $veTRH?
VeTRH(vote-escrowed TRH) is Torah Finance’s governing token that can be used to boost gains from trading or providing liquidities and to govern the Torah DAO—to vote or make a proposal. One can collect veTRH by locking his TRH token for a certain time. The longer one locks his TRH, the more veTRH he will get. And there are several lock-time options for them to choose. With TRH being locked for 4 years, the maximum exchange ratio will be reached to 1 TRH for 1 veTRH.
Why do I receive less veTRH after locking my TRH? / Why is my TRH locked for 4 years and the returned veTRHs are not exact 1:1?
For unlock time is rounded down, users may unlock their TRH several days ahead and there may be several deviations caused by the algorithm. The detailed algorithm is given below:
Suppose the lock period is 7 days, i.e. 604800 seconds, and the timestamp is 1654747730, now it is to be locked for 7 days (604800 seconds) and the number of locks is 1, then
Unlock time = round down ((1654747730+604800)/604800)*604800
= 1655337600Expected to receive
= Locked quantity * (Locked time/(1460243600)) = 1*((1655337600-1654747730)/(1460243600))
= 0.004676163749365804
How to gain $TRH?
There are various ways of gaining TRH token. Liquidity providers on the Torah platform receive $TRH for providing liquidity. This ensures the protocol continues offering low fees and extremely low slippage. You can also earn TRH rewards by trading on swap.
For some pools that have set a TRH-rewarding ratio, users also can swap other Tokens to gain some TRH token.
How to gain $veTRH?
As veTRH a governing token of Torah Finance, it cannot be traded as ordinary cryptocurrencies or tokens. Therefore, veTRH can only be acquired by locking TRH token. Locking TRH to gain veTRH not only in a way that raises TRH’s value, also it in another way will make Torah’s ecological system a healthier and more stable place.
How to add liquidity and become a Liquidity Provider?
Users can join or create liquidity pools and add cryptos into pools to become liquidity providers.
More detail please click URL: understanding-Torah-pools.
How to accelerate your farm and gain more $TRH?
This is actually where veTRH functions. Members can boost their trades’ gain or pools’ gain up to 3.3x by using their veTRH. Click: boosting-your--rewards to get more details.
Why veTRH is occupied?
As DAO weights are unique and mutually exclusive, so you can only choose to boost or vote for transaction governance or liquidity governance at one time.
How to assign my veTRH?
By assign different percentages to different options users can make vote or boost their favorable pools.
What is LP token?
When you deposit into a Torah pool, you receive a counter-party token which represents your share of the pool.
How to use veTRH to vote?
Users get the right to vote veTRH by locking TRH and participate in community voting. There is no minimum voting requirement to vote. Proposals that have a significant impact on the protocol, or that have a high level of community participation, will be discussed on a conference call. Once discussed on the conference call, proposals will be held for 1 week for review by the Foundation.
There is a 14-day window for voting on core proposals, a 7-day window for protocol-level proposals, a 5-day window for general proposals, and a 1-day window for emergency proposals.
How to make proposals?
Proposals for changes to agreements, use of community funds, etc. must be submitted through the community DAO. There are four types of proposals.
(1) Core proposals
Core proposals include changes to the governance process itself and to multiple signatures. This type of proposal can only be initiated by developers and foundation members.
(2) Protocol-level proposals
This proposal requires a user with 2000 veTRH votes to create it. This type of proposal includes proposals to change some important parameters of the protocol, as well as proposals for the use of Community, Treasury, and the allocation of incentives, which require a vote by the community DAO. After the vote is passed, it also needs to be acted upon by multiple signatures to follow the governance results. Multiple signatures are initially 3 out of 5, but can be modified by governance.
(3) General Proposals
Any community member Any community member can make a proposal by pledging a certain number of veTRH. The proposal can be voted by all people, and after the vote is passed, a foundation will review the proposal, and after the review is passed, the proposal will be executed and the locked veTRH will be returned to the user.
(4) Emergency Proposal
For emergency events such as theft of large assets or major vulnerabilities, the community can quickly deal with them through the emergency proposal channel. If a community member abuses the emergency proposal channel, the pledged veTRH will be forfeited and included in the community ecological fund. The emergency proposal process is as follows.
Personal emergencies:
users pledge a certain amount of veTRH to initiate emergency proposals, which are promptly handed over to the Foundation for security hearings and disposed of by the community after voting.
Community emergency:
for example, major events that endanger the security of the public chain will be handled by the Foundation's direct decision.
What is yield farming?
Yield farming is an innovative DeFi concept of earning rewards or interest by depositing your cryptocurrency into a pool with other users.
How to trade? Trade what kind of token will be rewarded？
Visit: https://torah.finance, Launch Torah Finance, you can trade with different coins on the “swap” page, Torah will automatically find the best route to make sure the lowest slippage has been reached.
For some pools that have set/ voted to have a reward, there will be a reward after finishing a deal. Check the “Trading rewards ” page to see detail information about the rewards of different pools.
You can also boost your trading rewards by using veTRH on the “DAO” page.
How the $TRH of the trading rewards is calculated?
Trading rewards = individual trading volume / total trading volume * TRH generated (total trading volume is the current total trading volume of all unclaimed awards)
Claiming Trading rewardsHow to create a pool?
Launch Torah Finance, open the “factory” page, click “create pool” and select what kind of pool you’re going to create. There are three options: “Meta&token pool”/ “Stablecoin pool”/ “Plain pool”. Get more detailed information please check: Creating a Factory Pool
Where can I find the pool I created?
All liquidity pools will be displayed on the “Factory” page, and you can find your pool on “Factory”s poollist.
What is Metapool?
Metapools are a type of pool on Torah composed of one asset as well as as LP tokens from another pool.
Base & MetaPoolsWhat is stablecoin pool?
Stablecoin pool contains four USD-pegged stable cryptocurrcies in total. Users can select 2~4 tokens to create a stablecoin pool.
What is plainpool?
Plainpool contains two tokens for users free to select. Both stablecoins and non-stable coins can be added into this kind of pool.
How to deposit?
When providing liquidity in liquidity pools, providers will receive LP tokens in return. LP tokens can be deposited into the liquidity pools by clicking the “Stake” button in the selected pool (Please Note: only officially-founded pools or pools that have passed some related proposals can stake LP tokens), typing in the amount that you would like to stake and clicking the “deposit” button.
What can I get after the deposit?
By depositing your LP token into liquidity pools, users can continuously receive the yield farming reward: TRH token.
What is APR?
APR, short for Annual Percentage Rate, is the annual funds that you get as investment interest when you stake your LP tokens.
Why I can’t find pools that I created in the “Farms” page?
Not every pool will be displayed in the “Farms” page except Torah’s official pools and pools that have passed related proposals.
How to use veTRH to accelerate depositing rewards?
veTRH is Torah’s governing token, it can be applied to boosting farming rewards. Visit the “DAO” page and click the “ boost” button and choose the pool you’d staked to accelerate.
How many acceleration types there are and which ones can I choose at the same time?
There are two types of accelerations. Users can either accelerate trading rewards or boost liquidity gains.
How to withdraw my deposit?
To withdraw your LP token, open the pool that you staked and click the “staking” button and find “withdraw”. Type in the withdraw amount and get LP token back.
How to remove liquidity? Will the tokens that I’ve deposited change after removing liquidity?
Liquidity providers can remove liquidity to switch their LP tokens into cryptocurrencies. The outcomes might be different from what you added before.
How to exchange veTRH for TRH?
veTRH can not directly change to TRH, for veTRH is obtained by locking TRH token, thus veTRH holders can get TRH only when the lock time ends.
What are the benefits of voting? Am I OK not voting?
Voting can bring actual benefits to you. Users can choose to boost their trading rewards or farming rewards. However, it is also OK not voting any proposals at all.
Can I boost farming or accelerate trading rewards when voting？
Since the veTRH token is sole and special. Holders cannot boost and vote at the same time. When the voting ends and the veTRH is empty, it is OK to use veTRH to boost rewards.
What’s on the dashboard?
On the “Dashboard” page, all your digital data on Torah Finance will be shown including your Total deposit amount, your TRH token balance, TVL of your TRH token, veTRH’s status, liquidity pools you staked and all factory pools that had been created and so on.
Why do my farming rewards keep changing all the time? Is there any algorithm?
When staking LP tokens to a pool, Liquidity providers can check the pool’s info, and its “Stake APR” shows How much farming rewards they will receive. Algorithm: Stake APR= stake gain/TVL of the pool=daily TRH volumepool weightsTRH price/TVL of the pool.
Can I create my own pool and get rewarded TRH token when trading?
Users are free to create their own pools but only pools that have set a trading rewards mechanism can get TRH rewards.
Why there is a bonus notification/slippage warning/High slippage warning?
Torah Finance will automatically find the best route for every swap to keep the best slippage rate. When the trading pool lacks the token that the liquidity providers happenedly added, the pool will reward providers with more LP tokens. Conversely, when the pool has too much of one token, it would kept the balance first and may cause less LP token rewards and a high slippage rate for providers. Torah will notice users by different notifications with different colors: green stands for bonus, grey indicates there is little slippage rate and red high slippage warning.
How to make a proposal?
If you wish to create a new official proposal, you should draft a proposal and post it on the governance forum. You must also research that it's possible and gauge interest of the community via the Torah Discord or Governance forum.If you're not sure about the technical details of submitting your proposal to the blockchain, you can ask a member of the team to help.
Why there are different fee tier options?
When creating a liquidity pool, there are several fee-tier options for creators to choose.
Torah finance charges a small transaction fee, of which 50% goes to Liquidity Providers and 20% to used to repurchase TRH, the other 30% is distributed by a proposal led by the Torah DAO.
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