rTokens
rTokens are interest-bearing tokens represented as 'rXXXX' in your wallet (example: rUSDC for USDC).
rTokens are minted and burned upon deposit and withdrawal.
The rTokens' value is pegged to the value of the corresponding deposited asset at a 1:1 ratio. All interest collected is distributed to rTokens holders directly by continuously increasing their wallet balance.
If you wish to convert rTokens back to the underlying asset, navigate to your deposits on the Dashboard and follow the withdrawal prompts.
Last modified 22d ago