wVBUSD

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

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