wstrBTC ERC-4626 Wrapper
wstrBTC
is an ERC-4626-compliant wrapper for strBTC
, designed to ensure compatibility with DeFi protocols that require non-rebasing, fixed-balance tokens. While strBTC
leverages a rebasing mechanism to reflect yield directly in user balances, many DeFi platforms are not optimized to support rebasing assets. wstrBTC
solves this by wrapping strBTC
into a standard vault interface, allowing users to deposit strBTC
and receive a fixed-amount wstrBTC
token in return. This enables seamless participation in DeFi applications such as lending markets, yield aggregators, and collateralized protocols. Internally, wstrBTC
accrues yield through changes in its exchange rate relative to strBTC
, preserving the underlying yield dynamics while maximizing composability and protocol compatibility.
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