Rujira Staking
Research, firm shelf, model-client eligibility, and advisor selection are recorded separately. The scheduled date is the outside bound; new evidence can reopen the file sooner.
Rujira Staking is outside the current firm shelf because its structure maps to the rejected-chain policy class. This is a firm-policy classification, not an adverse quality rating and not a client trade instruction. The factual mechanism, control, loss, and exit evidence is retained below.
- THORChain receives a favorable versioned Ketju control assessment with no chain review trigger active
- Rujira launches a material, independently verifiable staking deployment on an approved chain
The research file
Mechanism applicability
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 operating on one chain, not a validator reward for securing an independently reviewed network. Staking, accrual and unstaking all execute on THORChain.
Current observation and perimeter
The DefiLlama protocol API read on 2026-09-15 classified Rujira Staking under Farm and reported approximately $18.6M on a THORChain-only perimeter, listed on 2026-08-11 with no recorded audit. The yield survey the same day observed three pools, all on THORChain. This is the largest of the two Rujira records and remains entirely inside the same unreviewed perimeter.
Control and exit applicability
THORChain consensus, finality and emergency controls sit beneath every staking state transition, and no versioned Ketju control assessment exists for that chain. Revenue-share staking additionally exposes the holder to the fortunes of the application layer and to whoever sets the distribution parameters, and any unbonding period the protocol imposes is an exit constraint on top of the chain dependency.
Firm shelf classification
The rejected-chain class is outside the current firm shelf. Research describes the product; firm policy determines shelf eligibility; client constraints determine the candidate set; and the advisor alone selects any action or amount.
Sources
The claims above trace to these. Where a number could not be independently verified, the thesis says so.
- 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
Inherited controls
The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The most administered layer sets the position’s effective control grade; that is a control description, not a quality or suitability score.
| Chain | Verdict | Grade | Control constraint |
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