wrtUSQ (wrapped rtUSQ)
wrtUSQ is the ERC-4626 wrapped version of rtUSQ, designed to enable seamless integration of rtUSQ with mainstream DeFi protocols.
rtUSQ is inherently a Rebase Token — its total supply automatically adjusts based on algorithmic rules, and every holder's balance changes dynamically with rebases. However, most DeFi protocols (lending, AMMs, yield aggregators, etc.) do not natively support Rebase Tokens:
Protocol core logic assumes user balances don't change automatically
Rebase mechanics can cause calculation errors and incorrect accounting
Many reward/point systems can't handle dynamically changing balances
To solve this, we wrap rtUSQ into wrtUSQ using the industry-standard ERC-4626 vault standard.
How It Works
rtUSQ (native Rebase token) ↳ Deposited into ERC-4626 Vault ↳ Mint corresponding wrtUSQ (share tokens)
Core Design
Fixed supply of wrtUSQ
No automatic rebasing, user balances never change
Rebase yields preserved
All Rebase gains/losses from rtUSQ are reflected in the exchange rate
100% Redeemable
You can burn wrtUSQ at any time to redeem your underlying rtUSQ (including all accumulated yields)
Standard Compatible
wrtUSQ fully conforms to the ERC-4626 standard, and is natively supported by most DeFi protocols
Exchange Rate Example
Initial Deposit
1000
1000
1.00
After Positive Rebase
1000 (unchanged)
1050
1.05
Upon Redemption
1000 (burned)
1050
-
In simple terms: Your wrtUSQ balance never moves — all yields accrue to the exchange rate. This allows DeFi protocols to work seamlessly!
How to Use
Wrap (Mint)
Input the amount of rtUSQ you would like to wrap
Click Wrap in the Wrap tab and approve in your wallet
Receive the wrtUSQ tokens according to the exchange rate
Unwrap (Redeem)
Input the amount of wrtUSQ you would like to unwrap
Click Unwrap in the Unwrap tab and approve in your wallet
Receive the rtUSQ tokens according to the exchange rate
Use in DeFi
wrtUSQ works just like a normal ERC20 token:
Provide liquidity on AMMs
Use as collateral in lending protocols
Deposit into yield aggregators
Any other protocol that supports standard ERC20/ERC-4626
wrtUSQ is a DeFi-compatible wrapper for rtUSQ that lets it integrate seamlessly across the ecosystem while preserving all Rebase yield properties.
Last updated