> ## Documentation Index
> Fetch the complete documentation index at: https://docs.areal.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Staked RWT (stRWT)

> The staking token: a share of the RWT staking pool, earning rewards via a rising rate

export const StRwtLive = () => <iframe src="https://0xrealist.github.io/docs-widgets/strwt/?v=20260624a" title="stRWT exchange rate (live)" loading="lazy" scrolling="no" className="wfr wfr-strwt" style={{
  colorScheme: "normal"
}} />;

**stRWT is the protocol's staking token.** It represents a share of the RWT staking pool and earns
the protocol's staking reward share, paid not as claims to your wallet but through a steadily
rising stRWT to RWT exchange rate.

**Contract address (Solana)**

```text Staked RWT CA theme={null}
sRWTy1bkqvRegb31RETanhbAtJ7eXN6XsTvaqBRh6kA
```

<StRwtLive />

## Exchange rate

The exchange rate is how many RWT one stRWT is worth. It is the pool's total RWT divided by the
total stRWT supply (with small virtual offsets for safety):

<div className="formula">Exchange rate = total RWT in pool / total stRWT supply</div>

Rewards are paid by raising this rate rather than by minting new stRWT, so in RWT terms the rate
only goes up. The widget above reads it live.

## Staking

Deposit RWT and receive newly minted stRWT at the current rate:

<div className="formula">stRWT received = RWT deposited / current exchange rate</div>

The higher the rate when you enter, the fewer stRWT you get for the same RWT. This ensures a new
staker has no claim on rewards accrued before they joined.

## Rewards

Staking rewards are paid into the pool as RWT, funded by the staking share of the protocol's
[income distribution](/how-it-works/overview). The stRWT supply stays the same while the pool's
RWT grows, so each stRWT becomes redeemable for more RWT and the **exchange rate rises**.

You never claim anything. As rewards arrive, the rate climbs and every stRWT is automatically
worth more RWT, so your position compounds on its own. The current rate is shown live in the
widget above.

<div className="rate-flow">
  <div className="rf-box">
    <div className="rf-cap">Reward arrives</div>
    <div className="rf-main rf-gold">+ RWT into the pool</div>
  </div>

  <div className="rf-arrow">→</div>

  <div className="rf-box">
    <div className="rf-cap">Staking pool</div>
    <div className="rf-row"><span>RWT</span><span className="rf-up">grows ▲</span></div>
    <div className="rf-row"><span>stRWT</span><span className="rf-flat">fixed</span></div>
  </div>

  <div className="rf-arrow">→</div>

  <div className="rf-box">
    <div className="rf-cap">Result</div>
    <div className="rf-main">1 stRWT = more RWT</div>
    <div className="rf-sub rf-up">exchange rate ▲</div>
  </div>
</div>

Because the stRWT supply never changes, the only thing a reward can do is push the exchange rate
up. It moves one way: up.

## Unstaking

Unstaking has a **21-day cooldown**:

<div className="formula">RWT received = stRWT redeemed x rate at the start of unstaking</div>

When you start unstaking, the stRWT is burned immediately and the owed RWT is fixed at the current
rate. During the 21-day cooldown no further rewards accrue on that amount. After the window, the
RWT can be withdrawn.