Community Forum
How Does Bitwave handle stETH?
What is a Liquid Staked Derivative (LSD) token. Go to Lido, Marinade, Rocket Pool etc. They will take the assets you have and stake them with a bunch of others in return they will give you a receipt token, which often has a liquid market.
You stake ETH into Lido. you get stETH and the stETH you can redeploy in DeFi on other protocols.
stETH is interesting because it is a rebase token. Rebase tokens increase their balance in your wallet on a particular cadence, but do not produce a transaction on chain. A monthly report of rebasing rewards can be obtained from Lido (https://stake.lido.fi/rewards)
Your token balance will change over time but there wonβt be an on chain representation of that. This means we need to manually account for it in Bitwave.
E.g. LIDO - stETH, Olympus - OHM
rebasing rewards can be obtained from Lido https://stake.lido.fi/rewardsBasket Random
@geometry dash Your token balance will not be shown as it changes over time on the blockchain.
Bitwave handles stETH by tracking rebases, syncing with Lido's reward reports, and manually accounting for balance changes since rebases don't create on-chain transactions. It supports accurate cost basis tracking, tax reporting, and DeFi integration, ensuring compliance and financial transparency for Liquid Staked Derivatives like stETH.
papa's freezeria is not only an entertaining game but also helps you practice your time management skills and dexterity. With simple but addictive gameplay, this game will definitely bring hours of relaxation and fun to players of all ages.
DragonSweeper takes Minesweeper to a whole new level with dragons, treasures, and magical surprises! Are you ready for the challenge?
ο»Ώ