Wrapped Parasail Staked PEAQ
WSTPEAQ

0.1210
$
10.47 %
Change 24h
Market Cap
$ 61,465
Volume 24h
$ 290,421
Circulating Supply
507,980
Total Supply
426,569
WSTPEAQ
$
# Exchange Pair Price Volume 24h

Description

wstPEAQ is a wrapped version of stPEAQ (interest bearing token). When wrapping stPEAQ, one will obtain a corresponding amount of wstPEAQ. The amount of wstPEAQ obtained from the wrapping corresponds to the amount of underlying shares of stPEAQ. Although stPEAQ’s rebasing mechanism allows a constant change in balance to reflect rewards, most DeFi applications require a constant balance mechanism for tokens. Thus wstPEAQ allows a seamless integration into popular DeFi protocols in various ecosystems.