Similar to Compounds cTokens, Cibola's sTokens keep track of funds deposited and yield earned. They are minted upon deposit and redeemed upon withdrawal. Think of them like a ledger balance which can be transferred or put to work while earning on Cibola. Bear in mind that if you transfer your sTokens, you're also transferring the underlying assets deposited on the Cibola platform.
How does Cibola manage my deposit and interest? sTokens
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Written by Ishan @ Cibola
Updated over a week ago