iTokens
Learn about iTokens your interest earning deposit tokenized
Last updated
Learn about iTokens your interest earning deposit tokenized
Last updated
When you deposit into Instadapp Lite you will receive iTokens which represent your deposit plus interest! iTokens are standard ERC20 tokens and can be traded, exchanges and used like any other token.
iTokens can be bridged and migrated to other chains, this enables assets to earn yield from Mainnet Ethereum which may be higher and more reliable then other sources. These tokens can always be redeemed on Mainnet for their underlying deposit plus interest.
Developers and protocols are open to integrate or build on top of iTokens bringing yields to their products or creating new use cases for iTokens.
iTokens may provide accounting benefits by minimizing and simplifying the number of transactions. iToken balances do not change in your wallet instead their underlying value increases and when redeemed you claim your deposit plus interest.
iETHv2 - 0xA0D3707c569ff8C87FA923d3823eC5D81c98Be78
