Maverick Docs
  • Introducing Maverick
  • Getting Started
    • 🖥️The Maverick V2 UI
    • 👛Connect a Wallet
    • ⛓️Choose a Network
    • 🪙Approving Tokens
  • Guides
    • 🤝Traders
      • How to Make a Swap
    • 💰Liquidity Providers
      • Understanding Liquidity Provision
      • Understanding Modes
      • How to Add Liquidity
      • How to Deploy a New Pool
      • How to Check Position Balances
      • How to Manage Liquidity in a Pool
      • How to Migrate from V1 to V2
      • Understanding Permanent Loss
      • Liquidity Strategies
    • ⚡Incentives
      • Understanding Boosted Positions
      • Understanding Incentives
      • How to Join a Boosted Position
      • How to Create a Boosted Position
      • How to Manage a Boosted Position
      • How to Add Incentives
    • 🎡veFlywheel
      • veFlywheel Basics
      • Guide to veFlywheel Emissions
      • How to Vote to Direct Emissions
    • 👩‍🏫Advanced Tutorials
      • Single-Sided Incentives
  • Technical Reference
    • Contract Addresses
      • V1 Contract Addresses
      • V2 Contract Addresses
    • Maverick V1
      • V1 Whitepaper
      • V1 Contracts
        • Router
        • Pool
        • Factory
        • SlimRouter
    • Maverick V2
      • V2 Whitepaper
      • V2 Contracts
        • Maverick V2 Common Contracts
          • base
            • IMulticall
            • IPayableMulticall
            • Multicall
            • PayableMulticall
          • interfaces
            • IMaverickV2AddLiquidityCallback
            • IMaverickV2Factory
            • IMaverickV2FactoryAdmin
            • IMaverickV2FlashLoanCallback
            • IMaverickV2Pool
            • IMaverickV2PoolAdmin
            • IMaverickV2SwapCallback
          • libraries
            • ArrayOperations
            • Constants
            • Math
            • PoolLib
            • TickMath
            • TransferLib
        • Maverick V2 AMM Contracts
          • poollib
            • Bin
            • Delta
            • Deployer
            • DeployerPermissioned
            • SwapMath
            • Twa
          • MaverickV2Factory
          • MaverickV2Pool
          • MaverickV2PoolPermissioned
        • Maverick V2 Reward Contracts
          • interfaces
            • IMaverickV2IncentiveMatcher
            • IMaverickV2IncentiveMatcherFactory
            • IMaverickV2Reward
            • IMaverickV2RewardFactory
            • IMaverickV2RewardRouter
            • IMaverickV2RewardVault
            • IMaverickV2VotingEscrowBase
            • IMaverickV2VotingEscrow
            • IMaverickV2VotingEscrowFactory
            • IMaverickV2VotingEscrowLens
            • IMaverickV2VotingEscrowWSync
          • libraries
            • IncentiveMatcherDeployer
            • RewardDeployer
            • VotingEscrowDeployer
            • VotingEscrowWSyncDeployer
          • rewardbase
            • IRewardAccounting
            • RewardAccounting
          • votingescrowbase
            • HistoricalBalance
            • IHistoricalBalance
            • ILegacyVeMav
            • VotingEscrow
          • MaverickV2IncentiveMatcher
          • MaverickV2IncentiveMatcherFactory
          • MaverickV2Reward
          • MaverickV2RewardFactory
          • MaverickV2RewardRouter
          • MaverickV2RewardVault
          • MaverickV2VotingEscrow
          • MaverickV2VotingEscrowFactory
          • MaverickV2VotingEscrowLens
          • MaverickV2VotingEscrowWSync
        • Maverick V2 Supplemental Contracts
          • base
            • Checks
            • IChecks
            • IMigrateBins
            • MigrateBins
          • boostedpositionbase
            • BoostedPositionBase
            • IBoostedPositionBase
            • ImmutableArrayGetter
          • interfaces
            • IMaverickV2BoostedPosition
            • IMaverickV2BoostedPositionFactory
            • IMaverickV2LiquidityManager
            • IMaverickV2PoolLens
            • IMaverickV2Position
            • IMaverickV2Quoter
            • IMaverickV2Router
            • IPositionImage
          • libraries
            • BoostedPositionDeployerDynamic
            • BoostedPositionDeployerStatic
            • BytesLib
            • LiquidityUtilities
            • PackLib
            • Path
            • PoolInspection
          • liquiditybase
            • ArgPacker
            • IArgPacker
          • paymentbase
            • IERC20PermitAllowed
            • IPayment
            • ISelfPermit
            • IState
            • IWETH9
            • Payment
            • SelfPermit
            • State
          • positionbase
            • INft
            • Nft
          • routerbase
            • CallbackOperations
            • ExactOutputSlim
            • ICallbackOperations
            • IExactOutputSlim
            • IPushOperations
            • IRouterErrors
            • PushOperations
          • MaverickV2BoostedPositionDynamic
          • MaverickV2BoostedPositionFactory
          • MaverickV2BoostedPositionStatic
          • MaverickV2LiquidityManager
          • MaverickV2PoolLens
          • MaverickV2Position
          • MaverickV2Quoter
          • MaverickV2Router
          • PositionImage
      • V2 API Documentation
      • V2 Testnet Guide
        • Get Sepolia ETH & Test Tokens
        • How to Create a Boosted Position in V2
        • How to Add & Match Incentives
        • How to Create a veFlywheel
    • Development FAQ
    • Finding LP Balances
  • MAV token
    • MAV Token & Tokenomics
    • veMAV & MAV Staking
    • How to Stake MAV
    • Syncing V1 veMAV
    • Airdrop Information
      • Maverick Ecosystem Rewards Pre-Season Airdrop
      • Maverick Governance & S1 Airdrops
  • Further Information
    • Frequently Asked Questions
    • Glossary
    • Security
    • Maverick Wallets
    • Dune Analytics
    • Rebasing Tokens
    • Restricted Territories
    • Delphi Digital Report
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  1. Further Information

Rebasing Tokens

This page explains the unique risks of LPing rebasing tokens.

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Last updated 2 years ago

Certain tokens in the crypto ecosystem are rebasing tokens. Rebasing tokens are a type of cryptocurrency whose supply is adjusted algorithmically (i.e., by burning or minting) in order to maintain a certain value. USD+ and stETH are examples of a rebasing token.

Do not confuse a rebasing token like USD+ or stETH with a compounding token like wstETH. Compounding tokens use a different mechanism to preserve value and are not affected by the issues explained on this page.

If you choose to LP a rebasing token on Maverick, you will not collect any positive rebase you would have earned by holding that token. Instead, positive rebase will show up in the AMM as protocol fee.

It is also possible that a rebasing token will have so much negative rebase that a pool containing it will be left insolvent, and LPs may not be able to extract their funds.

As ever, make sure to educate yourself on the nature of any tokens you plan to use, and be sure you understand your personal risk before using Maverick or its services. Please see our for more information.

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