Cygnus
  • 👋Welcome To Cygnus
  • Cygnus Network
    • What is Cygnus?
    • Why Do We Need Cygnus?
    • How Does Cygnus Work?
    • Cygnus Social App SDK
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      • Optimism
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      • OP Super Chain
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  • Cygnus Omnichain Liquidity Validation System (LVS)
    • Introduction
    • Collateral Mechanism & Asset Management
    • Vault Delegation & Restaking Framework
    • Network Coordination & Security Layer
    • Operator Registration & Incentive System
    • Resolver Governance & Dispute Resolution
    • Cygnus LVS Integration
      • cgETH
        • What is cgETH?
        • Core Features and Mechanics of cgETH
        • Security, Transparency, and Risk Management
      • clBTC
        • What is clBTC?
        • How clBTC Works?
        • Integration with CeFi and DeFi in Cygnus Network
        • Security, Transparency, and Risk Management
      • cgUSD v1
        • What is cgUSD v1
        • Why Cygnus Finance
        • Risk Warning
        • Protocol Mechanics
          • Mint
          • Wrap
          • Bridge
          • Redemption
        • Token and Contract
          • cgUSD
            • Comparison to Stablecoins
            • How it Works
            • On-Chain Price Oracle
          • wcgUSD
            • Comparison to cgUSD
            • How it Works
          • Smart Contract Audits
        • FAQ
          • Mint
          • Wrap
          • Withdrawals
      • cgTON
    • Cygnus Pool SDK
  • legal
    • Privacy Policy
    • Interface Terms of Use
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On this page
  1. Cygnus Omnichain Liquidity Validation System (LVS)
  2. Cygnus LVS Integration
  3. cgUSD v1
  4. FAQ

Wrap

  1. What is wcgUSD?

wcgUSD (wrapped cgUSD) is a non-rebasing version of cgUSD. Unlike the cgUSD balance, which updates every day and communicates your share of rewards, the wcgUSD balance stays the same while the cgUSD balance updates inside the wrapper daily.

  1. How can I get wcgUSD?

You can wrap your cgUSD tokens using Wrap & Unwrap staking widget

  1. How can I use wcgUSD?

wcgUSD is useful across other DeFi protocols, which are based on constant balance tokens.

  1. Do I get my investing rewards if I wrap cgUSD to wcgUSD?

Yes, wrapped cgUSD gets investing rewards at the same rate as regular cgUSD. When you keep your cgUSDin a wrapper you can not see your daily investing rewards. However, when you unwrap your wcgUSD your new cgUSD balance will have increased relative to the pre-wrapped amount to reflect your received rewards.

  1. Do I need to claim my staking rewards if I wrap cgUSD to wcgUSD?

No, investing rewards accrue to wcgUSD automatically.

  1. How could I unwrap wcgUSD back to cgUSD?

You can unwrap your wcgUSD tokens using Wrap & Unwrap staking widget.

  1. Do I need to unwrap my wcgUSD before requesting withdrawals?

No, you can transform your wcgUSD to cgUSD using the Withdrawals Request and Claim tabs. Note that, under the hood, wcgUSD will unwrap to cgUSD first, so your request will be denominated in cgUSD.

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Last updated 1 year ago