Stake

anS is a liquid ERC20 receipt token awarded to users when they stake S on the Angles platform. The anS balance of such users steadily increases due to native network staking rewards from validator delegation, which are automatically distributed as regular rebases.

anS is a rebasing token, meaning all yield is automatically compounded in your wallet. You should notice periodic increases in your balance based on the current APY. If you stake anS elsewhere, be aware that different platforms may use varying yield distribution mechanisms.

Validators take a 15% cut of the overall staking rewards. Angles also takes a 10% protocol fee on the rewards after the validator fees. The APY displayed on the UI is the actual APY users receive based on trailing the performance of rebases.

To stake, users simply need to head to the Stake page and select how much S they wish to deposit.

To wrap, users simply need to head to the Wrap page and select how much anS they wish to wrap.

anS is fully liquid, meaning you can use anS seamlessly across DeFi and access lending markets, liquidity pools, and more without pausing your rewards. Sometimes the protocol utilizes wanS and you need to wrap your anS first.

anS is a liquid ERC-20 receipt. Your balance of anS grows with every rebase. wanS is a wrapped version of anS. After wrapping, you stop receiving rebases to your balance, but the value of your wanS grows in the exact same way. The accrued yield gets collected when you decide to unwrap wanS back to anS.

The anS token has a 1:1 ratio with S. This is backed by AnglesVault value and recalculated at every rebase.

Only positive & 100% backed rebases are allowed in the protocol.