Table of contents

Ethereum - ETH

ETH facilitates operations on the Ethereum network. It is used by network participants to execute their requested operations on it. We can think about it as the "fuel" of the network. 

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Lido’s Wrapped Staked ETH - wstETH

Lido's wrapped stETH (wstETH) is stETH which is deposited into the stETH wrapper to create a new token called wstETH. Wrapping stETH creates a DeFi-compatible version of the stETH token which allows for easier integrations with DeFi protocols.

The Lido Ethereum Liquid Staking Protocol, built on Ethereum 2.0's Beacon chain, allows their users to earn staking rewards on the Beacon chain without locking Ether or maintaining staking infrastructure. Users can deposit Ether to the Lido smart contract and receive stETH tokens in return.

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Wrapped Bitcoin - WBTC

WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers.

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Ren Bitcoin - renBTC

RenBTC is an ERC-20 token which is part of the Ren Protocol project that allows a decentralized representation of Bitcoin within Ethereum.

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Chainlink - LINK

The LINK token is an ERC677 token that inherits functionality from the ERC20 token standard and allows token transfers to contain a data payload. It is used to pay node operators for retrieving data for smart contracts and also for deposits placed by node operators as required by contract creators.

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Decentraland - MANA

MANA is Decentraland’s fungible, ERC20 cryptocurrency token. MANA’s purpose is to allow users of Decentraland to purchase LAND and goods and services from other users.

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Polygon - MATIC

MATIC token is the native token of Polygon. This is similar to Ether in Ethereum. To interact with Polygon, MATIC tokens are required to pay as gas fees.

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Yearn Finance governance token - YFI

Yearn.finance (YFI) is the governance token of the Yearn.finance platform. The platform is a yield optimizer that moves funds around the decentralized finance ecosystem in an effort to generate a high return.

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Uniswap liquidity provider tokens - UNI LP

Tokens deposited into a liquidity pool, automatically generates a new token that represents the share the depositor owns of that pool. This is called a liquidity provider (LP) token, and it can be used to borrow against. This has the effect of multiplying your liquidity share in the pool.

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Curve liquidity provider tokens - CRV LP

Tokens deposited into a liquidity pool, automatically generates a new token that represents the share the depositor owns of that pool. This is called a liquidity provider (LP) token, and it can be used to borrow against. This has the effect of multiplying your liquidity share in the pool.

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Rocket Pool ETH - RETH

rETH is the token that represents a deposit into the Ethereum Rocket staking pools. The depositor receives an equivalent value of rETH token for each ETH coin they deposit. As interest is earned by staking on the Ethereum network the value of the rETH token increases with respect to ETH. This token does not need to be locked within the network and it can be traded, sold or held as desired by the token holder.

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