What's aSUGAR?
aSUGAR is a liquid staking token (LST), a yield-bearing receipt token, issued when users stake $SUGAR or whitelisted tokens/NFTs in Beraji-KO. It represents the staked assets, boosts card power in Beraji-KO, and unlocks additional DeFi yield.
This system boosts the flexibility and utility of staked funds, enabling users to maximize their engagement and potential returns within the Beraji ecosystem and across the Berachain DeFi realm.
It serves as proof-of-ownership for assets that users have staked. Here's a breakdown of its key elements and functions:
Issuance: aSUGAR tokens are created and given to users when they stake $SUGAR or other tokens/NFTs that are whitelisted for participation in the Beraji-KO platform.
Representation of Staked Assets: aSUGAR represents the assets that a user has staked in the system. Holding aSUGAR means the user has a verifiable claim to a certain amount of staked assets within Beraji-KO.
Unlocking Additional DeFi Yields: Holding aSUGAR not only acknowledges staked assets but also enables users to access additional DeFi yields. This could include BGT farming, participation in liquidity pools, or access to exclusive financial instruments that offer further earnings beyond the basic staking rewards.
Overall, aSUGAR serves as a multi-functional token that not only secures and represents staked assets but also integrates into the gaming mechanics of Beraji-KO and expands earning possibilities through Berachain's Proof-of-Liquidity.
How to get $aSUGAR? Check the next page!
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