What is Wrapped Parasail Staked PEAQ (WSTPEAQ)?
wstPEAQ 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.
Where can you buy Wrapped Parasail Staked PEAQ?
Wrapped Parasail Staked PEAQ (WSTPEAQ) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for WSTPEAQ sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for WSTPEAQ. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.