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.
Tokenomics
The tokenomics of $stPEAQ are designed to maintain a robust, self-healing economic environment, ensuring stability, incentivization, and growth of the network. The minting and burning of $stPEAQ during rewards distribution and slashing events will maintain a consistent 1-to-1 balance between $stPEAQ and $PEAQ.
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Minting of $stPEAQ tokens:
- An equivalent amount of $stPEAQ will be minted corresponding to the $PEAQ staked. Stakers will receive $stPEAQ tokens, which are automatically adjusted to reflect any rebases, representing their share of the total staked $PEAQ under management.
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Burning of $stPEAQ tokens:
- $stPEAQ will be burned at a 1:1 rate during withdrawal or slashing events. The $PEAQ share claim of other stakers will be adjusted, reflected by a decrease in their $stPEAQ holdings during these burning events.
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$stPEAQ/$PEAQ exchange rate:
- 1 $stPEAQ will be backed by 1 $PEAQ under control.
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Delegation and undelegation:
- When there is sufficient $PEAQ in the pool, it will be delelgated into Peaq DPoS system to earn yield. The yield is distributed to the pool and rebase $stPEAQ. When the liquidity is short, $PEAQ will be undelegated from Peaq to fulfill the withdraw demand.
Guide for stake and unstake
- Deposit
- Visit Parasail staking page for Peaq: https://www.parasail.network/staking/peaq
- Select Deposit tab and input the amount to stake

- After the transaction complete, you can see the stPEAQ in your wallet. Might need manual import to the wallet, stPEAQ address:
0xe36e7Ac6e7a93D3C40f287f3857b01d6e46c565A
- Withdraw
- Visit Parasail staking page for Peaq: https://www.parasail.network/staking/peaq
- Select Withdraw tab and input the amount to withdraw

- After the transaction complete. stPEAQ will be burnt and PEAQ will be withdrawn to your wallet.
Note: The deposited $PEAQ will be delegated to peaq DPoS system so when there are lots of withdrawals, it's possible that pool doesn't have enough $PEAQ to be withdrawn. You will need to wait for free liquidity of $PEAQ, coming from new deposits, DPoS rewards, or undelegation (up to 7 days).