stBRL is Tenbin's yield-bearing staking wrapper for its synthetic tBRL.
Reviewed · Sources (1)
How it works
Tenbin's contracts distinguish the underlying asset token from the staked asset. The underlying model uses on-chain collateral and off-chain futures hedges; returns are not fixed by this description.
Backing
Its exposure is to synthetic tBRL, whose model combines collateral and futures hedges, not a separate cash reserve per stBRL.
What the project says
The wrapper is presented as a way to receive yield; returns are not fixed.
The project
History
stBRL is the staking wrapper associated with Tenbin’s synthetic tBRL.
People and issuer
Tenbin Labs publishes contracts for the underlying and staked assets.
Access and redemption
Check the protocol's current staking, withdrawal and eligibility terms, or the liquidity of a supported secondary venue.
Transparency
The published code does not independently establish current off-chain hedge positions or redemption capacity.
What to check
- Tenbin lists Ethereum stBRL at 0xDaB276F6E19CCC54cA5aaA2645A94087ca776a3f.
- Do not add stBRL supply to underlying tBRL as independent reserves.
Contract observations (1)
Discovery records. Confirm the current issuer address and migration status before use.
0xDaB276F6E19CCC54cA5aaA2645A94087ca776a3fExplorer ↗Sources (1)
Primary project, issuer, protocol, auditor or official material was reviewed for the described claims; this is not independent verification of all claims or current market access.