Guide for peaq Stakers

📄️ Background on peaq

peaq focuses on powering Decentralized Physical Infrastructure Networks (DePIN) and the Machine Economy. It offers modular functions designed to power and tokenize vehicles, robots, and various devices across any DePIN. peaq is built as a highly decentralized and environmentally friendly network, supporting diverse DePINs in sectors such as energy, mobility, and connectivity. It has earned the trust of companies like Bosch, Mastercard, and Airbus.

📄️ stPEAQ: Parasail peaq Liquid Token

$stPEAQ is a liquid token representation of staked $PEAQ within the Parasail ecosystem. By staking their $PEAQ with Parasail, an equivalent amount of $stPEAQ is minted. These $stPEAQ tokens allow holders to participate in rebases, receive rewards, and incur slashing.

📄️ peaq Contract Addresses

stPEAQ: 0xe36e7Ac6e7a93D3C40f287f3857b01d6e46c565A

📄️ Redeem stPEAQ Back to PEAQ via MachineX

Step 1: On the top-right corner of our PEAQ delegate page, locate the “Select Features” dropdown menu. By default, “Stake” function is selected. Click on the dropdown and select “Wrap” function instead.

📄️ Wrapping stPEAQ into wstPEAQ

stPEAQ is a rebasable token