Actually I pull out my stMATIC , converted to Matic and put on Nexo for juicy APY. The question is , the stMATIC token change value with time ? There’s something wrong I doing ? Thanks
Yes, stMATIC increases in value relative to MATIC. Once you unstake, you'll receive more MATIC than you initially staked for.
Ok so is pegged to the value of Matic. It’s work like the stETH right ? I don’t lost value when I reswap in matic
stMATIC's value increases relative to MATIC over time, so it because more valuable. It doesn't work like stETH, since stETH rebases (balance changes). stMATIC balance will stay the same, it'll just be worth more.
Ok thanks. So , the stMATIC I swapped today for matic is gonna be more valuable in future ? (I need more Matic for rebuy my StMATIC)
You swapped stMATIC back to MATIC? If so, you are no longer earning staking rewards.
My matic it’s on lido, I do Defi with stMATIC. Should I put it back ?
Do you still own stMATIC or not? You can swap MATIC back to stMATIC to earn staking rewards again.
Thanks , want to know this
Just I took a small part of stMATIC , I didn’t swap everything
You earn rewards on the stMATIC amount you hold.
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