wstOBOL

What is wstOBOL?

When you stake OBOL, you receive stOBOL, a non-rebasing, auto-compounding token.

• Your stOBOL balance stays constant in your wallet.

• The value of each stOBOL relative to OBOL increases over time as staking rewards accrue.

Unlike “plain” LSTs like stETH, stOBOL is designed to preserve governance: each staked token maintains its delegation, ensuring governance always reflects the real economic stake.

wstOBOL (wrapped stOBOL) is simply a wrapped version of stOBOL. It carries the same yield and economics, with rewards accruing via the same exchange-rate mechanism. The difference lies in integration:

• stOBOL can introduce a minor 1-wei transfer variance due to its governance-preserving accounting.

• wstOBOL eliminates this by providing a perfectly static balance, making it fully compatible with DeFi protocols that require strict 1:1 transfers.

Think of wstOBOL as the “DeFi-strict” form of stOBOL. It does not change how rewards work, only how the token behaves when integrated into external systems.

Why does wstOBOL exist?

Some DeFi protocols cannot easily integrate stOBOL’s governance logic. wstOBOL simplifies adoption. stOBOL continues to safeguard governance rights, while wstOBOL ensures smooth DeFi use.

Not all integrations require wstOBOL. Some can use stOBOL directly. We will keep this page updated so users know which path to take for each integration. For example, Pendle requires wstOBOL.

How does wrapping work?

• Wrapping: you deposit stOBOL and receive the same amount of wstOBOL.

• Unwrapping: you return wstOBOL and receive the same amount of stOBOL.

The number of tokens is 1:1. The economic value grows over time because stOBOL’s exchange rate to OBOL increases, and wstOBOL simply represents the same claim on that growing value.

User Flows

You can manage wrapping and unwrapping directly on our staking platform. The process is fully integrated and intuitive: just head to the staking portal and you’ll see the following options:

• Stake (OBOL → stOBOL): Stake OBOL and receive stOBOL, which auto-compounds and preserves delegation.

• Unstake (stOBOL → OBOL): Exit staking and redeem more OBOL back from stOBOL.

• Wrap (stOBOL → wstOBOL): Convert stOBOL into wstOBOL for use in integrations that require strict accounting.

• Unwrap (wstOBOL → stOBOL): Redeem wstOBOL back into stOBOL 1:1.

Where can I use wstOBOL?

• Pendle Finance (yield trading, fixed/floating yield markets).

• Future integrations in lending, borrowing, and liquidity protocols.

Risks & Considerations

• Wrapping/unwrapping requires gas fees.

• UX involves an extra step for users who hold stOBOL and want to access these DeFi apps.

Learn More

• Pendle Documentation