TruAPT Token

What is TruAPT?

TruAPT is the liquid staking receipt users receive when they deposit APT into the TruStake vault. It is a Fungible Asset (FA) and has all the same basic functionality, such as: mint, burn, etc.

As soon as you deposit APT on the TruStake smart contract, you receive newly minted TruAPT, based on the exchange rate at the time of staking.

Similarly, when you request an unstake, the corresponding amount of TruAPT is burned simultaneously.

What is the TruAPT exchange rate and how does it change?

At launch, the TruAPT / APT exchange rate is set to 1, i.e. the amount of APT per TruAPT is 1. As rewards accrue from staking, the exchange rate increases to reflect this.

For example, if you deposit 1000 APT with the exchange rate at 1.0, you will receive 1000 TruAPT in return. If you accrue 10 APT of rewards, the exchange rate will change to 1.01 to reflect that your 1000 TruAPT is now redeemable for 1010 APT.

The share price is calculated net of all validator and vault fees.

Do I have to claim my TruAPT when I deposit?

No. TruAPT will automatically be sent to your wallet when you deposit APT in the TruStake vault.

You might need to import the token to see your TruAPT balance in your wallet.

Where can I use TruAPT?

We have worked on an extensive list of partnerships which will support TruAPT on Aptos. The spectrum of partners will include DEXs, yield farming, lending/borrowing and more. The following list of partners are live or will go live over the coming week(s):

• TruAPT Liquidity Pools on Liquidwap (coming soon), Cellana (coming soon)

• TruAPT lending + borrowing on Aries Markets (coming soon), Aptin (coming soon)

• TruAPT crosschain lending + borrowing on Superposition (coming soon)

• Many more to come!