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pSWAN : Parasail Swan Liquid Token

Overview​

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

Tokenomics of pSWAN​

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

  • Burning: During withdrawals or slashing events, pSWAN are burned at a 1:1 rate corresponding to the DePIN tokens redeemed or slashed.

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

Exchange Rate​

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