wyMETIS

wrapped yieldMETIS

Wrapping yMETIS creates a version of the token that is compatible with DeFi protocols, making it easier to integrate with platforms like Uniswap

Because of how Methera works, the amount of yMETIS in your wallet changes daily as staking rewards are added. This makes yMETIS a rebasable token, meaning your balance adjusts each day to reflect those rewards.

However, some DeFi protocols, such as Uniswap, need tokens with a fixed balance. To address this, Methera allows you to "wrap" your yMETIS into wyMETIS, which locks your balance while still earning rewards. Instead of daily balance changes, wyMETIS uses an underlying share system to track your staking rewards.

This wrapped version of yMETIS enables smooth integration across the DeFi ecosystem, helping yMETIS become an important asset in Ethereum protocols.

Additional and all information about wyMETIS will continue to be added to this page. mechanics and architectural setup