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iTokens

What is iTokens?

Interest-bearing tokens are the future of DeFi 2.0. While all current DeFi protocols force for claiming rewards from the pool, OnSteake completely changes the concept and creates an interest-bearing token — iUSD.
iUSD is a core part of OneStake Protocol and serves to represent and distribute generated returns between stakers.

How iToken is backed?

By depositing whitelisted stables in StablePool you will be able to get the highest possible APR among the whitelisted protocols such as Convex, Curve, Compound, Abracadabra, etc. After depositing, you will receive iUSD, the interest-bearing token, that will be increasing in amount with interest generating.
When an investor stakes his whitelisted stablecoin to StablePool he receives iUSD in the amount of 1:1 of the initial deposit.
It means that iUSD is backed by the basket of whitelisted stables, such as USDC, DAI, USDT, MIM, etc.

How iToken generates the highest yield?

Collateral of iUSD is used in whitelisted protocols such as Convex, Yearn, Vesper, etc. The automatic rebalancing mechanism chooses the best protocol with the highest yield and converts collateral in whitelisted stablecoin, which goes to the pool with the highest APR at the moment of rebalancing.
For example: iUSD consists of MIM that is staked in the MIMcrv pool with 16.86% APR. At the moment of rebalancing, OneStake finds another pool with a higher APR — FraxCrv pool with 21.5% APR. OneStake performs rebalancing and swaps MIM in FRAX using Curve Finance. After that, OneStake creates FraxCRV and stakes it on Convex. After this rebalancing iUSD generates the highest APR at the moment and is backed by whitelisted stablecoin — FRAX and 3CRV.

STAKING LP iUSD: The highest yield in DeFi

By depositing whitelisted stables in StablePool, you will be able to get the highest possible APR among the whitelisted protocols such as Convex, Curve, Compound, Abracadabra, etc. After depositing, you will receive iUSD — the interest-bearing token that will be increasing in amount with interest generating.
You can create LP on Curve to receive additional rewards on your LP in OST tokens — native token of OneStake Finance.
In such a way, you will receive the highest APR within all the protocols plus rewards in OST.
Staking iUSDCRV
*iUSDCVR will be available after successful voting on Curve Finance for OneStake Finance.