BLUB

BLUB is an unredeemable derivative token that can be minted using AQUA 1:1.

BLUB token's address.

BLUB icon

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Staking

Staking BLUB on Whalehub will give the user more BLUB rewards.

Rewards are paid out based on the AQUA liquidity pools' distribution rewards (7-day epoch). This means that rewards are accumulated for 7 days, and after this 7-day epoch, they are paid out to the stakers relative to their staked amount.

Unstaking

Unstaking of BLUB tokens is immediate.

Redemption

The BLUB tokens are not redeemable for the AQUA token, but due to deep liquidity, they can be swapped for AQUA tokens in AQUA AMM while maintaining the soft-peg.