Wrapped Parasail Staked PEAQ
WSTPEAQProject Safety Score: 0%
Updated 3 weeks, 3 days agowstPEAQ 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.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
