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Swap stETH/wstETH into wstQUEEN or vice versa. Split wstQUEEN into staYETH and turYETH, or merge turYETH and staYETH into wstQUEEN.
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Swap stETH/wstETH into wstQUEEN or vice versa. Split wstQUEEN into staYETH and turYETH, or merge turYETH and staYETH into wstQUEEN.
Last updated
Was this helpful?
wstQUEEN can be exchanged for wstETH at a 1:1 ratio. The exchange rate between stETH and wstQUEEN aligns with the one you find .
Assume right now 1 wstETH = 1.2 stETH. Then 1 wstETH = wstQUEEN, 1.2 stETH = 1 wstQUEEN.
You can also find the exchange rate as "fair value" on the page:
Let's use the exchange ratio above as an example:
Assume right now 1 wstETH = 1.2 stETH, which means 1 wstQUEEN = 1.2 stETH = 1.2 ETH.
When splitting, 1 wstQUEEN would become 1.2/10*9= 1.08 staYETH and 1.2/10*1=0.12 turYETH.
0. No fee for creating/redeeming wstQUEEN, nor for split and merge.
Nope. As the name shows, both staYETH and turYETH are yield tokens. One provides a stable yield, and the other provides a leveraged upside.
wstQUEEN can be split proportionally into . When splitting, 1/10 of wstQUEEN would become turYETH and 9/10 of wstQUEEN would become staYETH. Similarly, to merge wstQUEEN would require users to put in both turYETH and staYETH at a 1:9 ratio.
