Rujira Staking

Summary

Ketju does not approve Rujira Staking under its class rule for protocols on unapproved chains: it pays stakers on THORChain, and THORChain has not passed Ketju’s chain review. Rujira Staking pays a share of application-layer revenue to stakers of RUJI and related assets. We made no finding on how well Rujira is run.

Review triggers
• Ketju approves THORChain in its chain review, with no chain review trigger open
• Rujira launches a material, independently verifiable staking deployment on an approved chain

Ketju checks this memo every night and opens a review if its venues or files show a warning or a cited document changes. The first confirmation is due 2026-12-15.

Research

How it works

Stakers commit RUJI and related assets inside the Rujira application layer and receive a share of the revenue that layer earns. The return is therefore a claim on one application business on one chain; it is not a validator reward for securing a reviewed network. Staking, accrual and unstaking all execute on THORChain.

Size and holdings

The DefiLlama protocol API, read on 2026-09-15, classed Rujira Staking under Farm and reported about $18.6M, all on THORChain. DefiLlama listed it on 2026-08-11 with no recorded audit. The yield survey the same day observed three pools, all on THORChain. This is the larger of the two Rujira memos, and all of it sits on the same unreviewed chain.

Who controls it

THORChain’s consensus, finality and emergency controls sit under every staking transaction, and Ketju has not assessed that chain. Revenue-share staking also exposes the holder to the fortunes of the application layer and to whoever sets the distribution parameters. Any unbonding period the protocol imposes adds a further limit on withdrawals, on top of the chain.

Withdrawals

A RUJI staker unstakes instantly, because Rujira’s staking FAQ lists no unstaking period for RUJI. The THORChain blog posted that FAQ on Jan. 14, 2026 and states “$RUJI: No unstaking period (instant).” We found no unstaking fee or pause authority in the documents we read as of Oct. 18, 2026.

Class rule

Ketju does not approve any protocol under the class rule for protocols on unapproved chains while the rule stands. The rule covers the structure and makes no finding about this protocol’s quality. It does not tell an advisor what a client should hold. The review triggers list the events that would lead Ketju to review the rule or this protocol again.

Sources

Each claim above comes from one of these sources. Where Ketju could not verify a number, the memo states that.

• Rujira · primary · accessed 2026-09-15
  Supports: protocol identity, THORChain application layer, staking, revenue share
• DefiLlama: Rujira Staking record · secondary · accessed 2026-09-15
  Supports: current TVL, THORChain perimeter, Farm category, listing date, no recorded audit
• THORChain Blog: staking FAQ · primary · accessed 2026-10-18
  Supports: no unstaking period, RUJI staking

The asset and the chain

This memo covers the protocol. A position also holds an asset and settles on a chain. Whichever of the three holds the most power over the position decides who can freeze it. These tables describe control and do not judge quality.