wstgbp

Sterling’s non-rebasing DeFi wrapper.

ethereum: wstgbp.eth

by @arb_cap

[wstgbp @wstgbp]

wstGBP in one post:

A non-rebasing wrapper of tGBP with built-in holder rewards. Every wstGBP is backed by tGBP held in the contract—and the backing is visible onchain.

Buy, swap or mint at https://t.co/XlkQXfxK8s

[Brian McMichael 🙂 @brianmcmichael]

People keep asking why we think someone would hold GBP instead of USD. Ignoring that some people manage to wake up and live their entire day denominated in GBP, the numbers are pretty simple

USD Inflation: 3.4%
USD base yield: 3.5%

GBP Inflation: 2.9%
@wstgbp base yield: 3.5%

[wstgbp @wstgbp]

@merkl_xyz @Uniswap https://t.co/G6qnsnjVRy

[wstgbp @wstgbp]

Just a casual Friday drop of a 30% @merkl_xyz rewards campaign for providing wstGBP liquidity on @Uniswap

[wstgbp @wstgbp]

A rewards-bearing asset doesn't need to sacrifice liquidity.

wstGBP proves the point.

Rewards accrue through the exchange rate while the full tGBP backing remains available for instant liquidity.

No lockup. No maturity date. No lending strategy underneath it.

[wstgbp @wstgbp]

wstGBP isn't a vault receipt.

It's a rewards-bearing GBP asset with 100% of its underlying tGBP continuously available for redemption.

That distinction matters a lot when you're designing an asset to function as DeFi collateral.

[wstgbp @wstgbp]

One of the most important design choices in wstGBP:

The tGBP backing isn't lent out.

It isn't locked in a vault.

It isn't deployed into DeFi strategies.

100% remains available inside the token for instant liquidity.

[wstgbp @wstgbp]

@StaniKulechov Call me🤙😎

[wstgbp @wstgbp]

Most rewards-bearing assets make you choose between earning rewards and having immediate access to the underlying.

wstGBP doesn't.

100% of the underlying tGBP remains available for instant liquidity while rewards accrue through the wstGBP/tGBP exchange rate.

[wstgbp @wstgbp]

Yes, wstGBP is bridged to Robinhood Chain!

No, it's not launched there on a memecoin launchpad!

Only use the official Arbitrum portal to move to Robinhood Chain and back.

[wstgbp @wstgbp]

@moonpay 👈😃🇬🇧

[wstgbp @wstgbp]

wstGBP relies on proprietary number-go-up technology to turn your tGBP holdings into productive assets on-chain.

[wstgbp @wstgbp]

And now, users can wrap their tGBP into wstGBP and get rewarded just for holding it.

[YabXCryptoMoney @yabxcryptomoney]

5. Why does the world need a digital pound?

The UK already has relatively fast banking.

So why does it need a pound stablecoin?

@0xjrey from @tokenGBP argued that TGBP can do things pounds inside a traditional bank account cannot easily do.

A digital pound can potentially be used to:

• Borrow against Bitcoin, ETH or tokenised assets
• Access on-chain financial products
• Settle internationally without converting into dollars
• Receive GBP payments through blockchain infrastructure
• Spend without unnecessary foreign-exchange markups
• Connect tokenised stocks, funds and real-world assets

This is bigger than putting Sterling on a blockchain.
Dollar stablecoins currently dominate the market, but not every person or business wants permanent exposure to the US dollar.

If the financial world becomes increasingly tokenised, every major economy may need its own on-chain currency.

Stablecoins could become the connective tissue between them.

[wstgbp @wstgbp]

@Ghostdyor Sorry, I'm a Land Rover guy.

[wstgbp @wstgbp]

@moonpay gm!

[wstgbp @wstgbp]

@coingecko gm

[Linda Jeng @LindaJeng1]

We've submitted our response to the @bankofengland on sterling stablecoin rules.
The BoE proposes that 30% of reserves must sit at the BoE and earn nothing.

@aave's recommendation: let those reserves earn a return, so sterling can compete in a market that's ~99% dollar-denominated.

[wstgbp @wstgbp]

@LindaJeng1 @bankofengland @aave Yes!

[wstgbp @wstgbp]

@coingecko

[wstgbp @wstgbp]

100% Instant Liquidity