Wrap
wMEMO holds a fixed number of tokens whose redemption value climbs with every rebase, instead of a balance that changes underneath you.
Your MEMO
—Your wMEMO
—1 wMEMO
— MEMOIndex
—Amount
MEMO
You will receive— wMEMO
Connect your wallet to wrap MEMO!
Which one to hold
- MEMO
- Your balance number goes up every 8 hours. Simplest to read, and what the APY figure describes.
- wMEMO
- Your balance number never changes; each token just redeems for more MEMO over time. The same yield, expressed as price instead of quantity, which is what lending markets, bridges and most accounting need.
Wrapping and unwrapping are free apart from gas, and neither interrupts the rewards: wrapped MEMO keeps compounding inside the wrapper.