stIPRWA

Description

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

Function

stIPRWA represent IPRWA tokens committed to the staking protocol, earning ongoing royalty rewards.

Technical Implementation

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

Mechanics

As offchain royalties accrued from IPRWAs will be used to buyback IPRWA. This will cause the stIPRWA to IPRWA ratio to increase over time as rewards accumulate, similar to liquid staking tokens. When the user unstakes, they will receive back their original IPRWA tokens, along with the extra earned by the royalties.

Benefits

Holders automatically accrue their share of royalty distributions while holding these staked tokens.