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Summary
- wsHEC token is a wrapped staked HEC (wsHEC) token, a standard ERC20 token.
- wsHEC accumulates the rebase value of HEC without rebasing.
- Users receive rebase benefits when unwrapping wsHEC back to sHEC.
- wsHEC carries both HEC value and rebasing value.
- Wrapping automatically receives rebase rewards without visiting Hector’s staking page.
Introducing Wrapped Staked HEC: A Novel DeFi Innovation
The wsHEC token, in essence, represents wrapped staked HEC, a standard ERC20 token that accumulates the rebase value of HEC without undergoing rebasing itself. By holding wsHEC, users can reap the benefits of rebasing when they opt to unwrap it back to sHEC. Notably, wsHEC encapsulates the entire value of HEC, inclusive of its rebasing value. Upon wrapping, users automatically receive rebase rewards, eliminating the need to visit Hector’s staking page.