> For the complete documentation index, see [llms.txt](https://docs.ariaprotocol.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ariaprotocol.xyz/ip-rwa-tokens/stiprwa.md).

# stIPRWA

## Description

stIPRWA are **ERC-20 compliant tokens** received from staking IP RWA tokens. These tokens **earn royalties** from the IP while staked.

## Function

stIPRWA represents IP RWA tokens committed to the staking protocol. In the case of $APL they earn royalties.

## Technical Implementation

stIPRWA is minted when a user **stakes their IP RWA tokens**. They are free to stake or unstake at any time. However, unstaking cannot happen in the same block as the staking occurs.

## Mechanics

In the case of $APL, as offchain royalties accrue from the underlying assets, these will be used to buyback $APL. This will cause the $stAPL to $APL ratio to increase over time as royalties accumulate, similar to liquid staking tokens. When the user unstakes, they will receive back their original $APL tokens, along with the extra earned by the royalties.

## Benefits

In the case of $APL, holders automatically accrue their share of royalty distributions while holding these staked tokens.


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