SS - StarSeeds Yield Derivative Tokens
Last updated
Last updated
Similar to stMATIC and wstETH, SS tokens are pegged to the value of original token in such a way that makes each unit of S-token worth more than the original token over time.
Unlike other yield-bearing tokens, SS tokens do not represent MATIC/ETH that has been staked to increase the security of the Polygon Network. Rather, SS tokens are tokens automatically deployed in a network of liquidity pools that facilitate automated arbitrage trades in such a way that creates regular and growing trade volume.
With every swap executed with SS tokens, SS tokens become more valuable compared to the underlying token due to the 0.24% transfer fee on SS tokens reducing their supply combined with permanently compounded StarSeeds Protocol-owned liquidity pool swap fees increasing the amount of backing each SS token has. MATIC-SS Contract Address: BTC-SS Contract Address:
USD-SS Contract Address: ETH-SS Contract Address: GHST-SS Contract Address