yMETIS
yieldMETIS - a liquid variant of METIS
yMETIS is a transferable rebasing utility token that represents a portion of the total METIS staked through the protocol, which includes both user deposits and staking rewards. Since yMETIS rebases daily, it adjusts the value of your share each day.
The process that updates yMETIS balances daily is known as a “rebase.” With each rebase, the amount of yMETIS in your wallet will grow according to the current APR.
yMETIS tokens can be used just like METIS, enabling you to earn staking rewards while also utilizing them across the DeFi ecosystem to maximize your earnings.
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