stWEMIX is a Liquid Staking Token(LST) that represents staked WEMIX on WEMIX.Fi. Users can deposit their WEMIX into WEMIX.Fi and receive stWEMIX which can be traded, exchanged, borrowed against, or used for any other liquidity purposes. This opens up a wide range of possibilities for users to maximize the utility of the asset and potentially earn additional yield alongside the staking rewards.

The main purpose of the LST is the liquidation of a staked asset. stWEMIX holders can earn staking rewards without having to unstake their tokens, thereby minimizing opportunity costs.

Last updated