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wVBUSD

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Wrapping your VBUSD to wVBUSD collects your share of the protocol's Embedded Yield!

wVBUSD is a wrapper contract and ERC20-compatible token that allows users to convert between VBUSD and wVBUSD tokens. Leaving assets wrapped as wVBUSD when the protocol earns yield collects a share of the Embedded Yield:

  • Users can convert between VBUSD and wVBUSD anytime according to the current index ratio

  • The index ratio is the VBUSD balance of the wVBUSD wrapper contract divided by the wVBUSD totalSupply

  • A percentage of incoming Embedded Yield is added to the stablecoin collateral; the excess VBUSD collateral value over a threshold beyond 1:1 backing is used to mint VBUSD to the wVBUSD contract

  • wVBUSD holders earn yield according to the index ratio increase from the VBUSD mint

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Earn double yield: wVBUSD liquidity deposits can be used to farm GoVBUSD. Earn yield from both Embedded Yield (wVBUSD) and LP deposits (Liquidity Incentivization)!

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