Staked INV Price(SINV)

Staked INV, also known as sINV, is a yield-bearing, synthetic token associated with Inverse Finance. It serves as a version of the INV governance token and is designed for users who may not actively trade on the Ethereum mainnet or utilize Inverse Finance's FiRM lending market. A primary function of sINV is to allow INV holders to earn rewards without the need for manual claiming, as it automatically compounds these rewards. The yield for sINV is generated by auto-compounding DOLA Borrowing Rights (DBR's) and INV staking rewards that are distributed to INV stakers on Inverse Finance's FiRM platform. These rewards are continuously swapped into more INV, contributing to the yield-bearing nature of sINV. sINV is structured as an ERC-4626 wrapper around the INV market on FiRM. Users can mint sINV by staking their INV tokens in an ERC-4626 compliant smart contract vault. This process encourages the long-term holding of INV and contributes to continuous market buy pressure for INV. It is important to note that INV tokens deposited into sINV do not retain their direct on-chain governance voting rights. The INV staked to mint sINV is not rehypothecated or loaned to third parties. The benefits of using sINV include convenience due to automated reward claiming, and portability, which allows sINV to be held outside of FiRM, moved across different blockchain networks, used in liquidity pools, or as collateral in other lending markets. Learn more

Looking to buy How to buy SINV? The process is simple and hassle-free! You can easily purchase SINV on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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