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pATH : Parasail Aethir Liquid Token

Overview​

When DePIN token holders stake their tokens in Aethir, they receive pATH, a liquid representation of their staked assets. These pATH can be freely traded, transferred, or utilized in DeFi protocols, offering stakers enhanced liquidity while maintaining exposure to staking rewards and risks.

Tokenomics of pATH​

  • Minting: When a staker deposits ATH into the Delegation Pool, an equivalent amount of pATH is minted.

  • Burning: During withdrawals, pATH are burned at a 1:1 rate corresponding to the DePIN tokens redeemed.

  • Rebasing: Interest accrual and rewards rebasing ensure that the value of pATH aligns with the pool’s total assets, reflecting staker’s proportional ownership.

Exchange Rate​

The pATH-to-Token exchange rate is designed to remain 1:1 under normal conditions, ensuring transparency and simplicity.