Wrapping is the process of converting an asset into another form to increase usability. In Biquid, the process of converting stBFC to wstBFC is called wrapping, and conversely, the process of converting wstBFC back to stBFC is called unwrapping.
What is stBFC?
stBFC is a rebasing token that earns interest in a way that increases in quantity over time, which means that the stBFC you own will automatically increase in quantity based on your staking rewards. As a result, the exchange ratio between stBFC and BFC remains 1:1.
What is wstBFC?
wstBFC is a reward-bearing token that accrues interest in a way that increases the value of wstBFC relative to BFC over time, which means that the amount of wstBFC you own does not change, but the amount of BFC you can exchange for 1 wstBFC automatically increases based on your staking rewards.
Where can I use (w)stBFC?
(w)stBFC can be utilized for a variety of purposes, including collateralizing loans, providing liquidity, and swaps. You can find specific uses in DeFi Integration.
