Maximizer Docs
$wsMAXI
What is the $wsMAXI token?
Wrapped, staked MAXI, or wsMAXI, is an index-adjusted wrapper for staked Maxi(sMAXI). Unlike sMAXI, a user's balance of wsMAXI does not increase over time, which could be beneficial for some accounting purposes.
When users change their wsMAXI back to sMAXI, they receive the adjusted sMAXI based on the current index, so all total yield value is retained. Translation, while a conversion is involved, users will always receive the correct amount of MAXI yield due, whether one is holding sMAXI or wsMAXI.
- Just like sMAXI, wsMAXI makes you elligible to all the rewards (rebases, airdrops etc). You can also use it on some of our partner's platform, like MoreMoney, to borrow stablecoins.
- A more detailled article about wsMAXI was published here What is $wsMAXI?
$wsMAXI contract address : 0x2148D1B21Faa7eb251789a51B404fc063cA6AAd6
How to get $wsMAXI?
In order to get $wsMAXI, users must wrap their $sMAXI, by using the wrap dashboard on the Maximizer app. You may refer to the following tutorial, How to wrap $sMAXI, to proceed.
Users are free to unwrap their $wsMAXI for $sMAXI at any time.
Users may refer to the tutorial section for step by step guides on How to wrap $sMAXI, and How to unwrap $wsMAXI