$sWBERA Token

What is the $sWBERA token and how does it work.

$sWBERA (Staked WBERA) is a yield-bearing token that represents your staked BERA position in the Staking Vault. It provides non-dilutive yield through Proof of Liquidity incentive redirection. For the Staking Vault ($WBERA Staker Vault) contract address, see Deployed contracts.

How to Get $sWBERA

$sWBERA tokens are issued when you stake BERA or WBERA in the Staking Vault. For detailed instructions on how to stake BERA and receive $sWBERA tokens, see the BERA token page.

You can stake either native BERA (which the system automatically wraps to WBERA) or WBERA directly if you already have wrapped BERA tokens. Both methods result in receiving $sWBERA tokens representing your staked position.

How $sWBERA Works

Non-Dilutive Yield Mechanism

$sWBERA earns yield through a non-dilutive mechanism that doesn’t inflate the token supply. Instead, the underlying value of each $sWBERA token increases as the vault accumulates more WBERA from incentive fees.

Incentive Auction yield

Yield comes from the Incentive Auction. When Reward Vaults process funded incentive tokens, validator commission (default 5%, max 20%) goes to the validator operator and the remaining incentive tokens are redirected to BGTIncentiveFeeCollector. Auction buyers pay WBERA to claim those tokens; the $sWBERA vault’s share of that WBERA (pro-rata with registered LST staker vaults) increases the underlying WBERA per $sWBERA.

For direct claim routing from Reward Vaults into $sWBERA, see RewardVaultHelper claim flow.

Auto-Compounding

Your rewards automatically compound without any manual intervention. No claiming is required as rewards are automatically reinvested, causing your $sWBERA tokens to increase in value over time.

Unstaking $sWBERA

7-Day Unbonding Period

To convert your $sWBERA tokens back to BERA or WBERA, you’ll need to unstake through the Staking Vault. The unstaking process has a 7-day unbonding period:

1. Initiate withdrawal: Queue a withdrawal request through the Staking Vault interface
2. Wait 7 days: Your withdrawal request enters a 7-day cooldown period
3. Complete withdrawal: After the unbonding period ends, return to the interface to complete the withdrawal and receive your WBERA tokens

Important Considerations

• No rewards earned during the unbonding period — shares are burned at queue time, so the reserved assets do not compound.
• No expiry — withdrawal requests remain valid indefinitely after the 7-day cooldown passes.
• Multiple requests: You can have multiple withdrawal requests active simultaneously (each represented as an ERC-721 NFT).
• Cancellation: Withdrawal requests can be cancelled at any time. On cancellation, new shares are minted at the current exchange rate, which may differ from the original rate if the vault compounded.

For detailed instructions on the unstaking process, see the BERA token page.