SY

Standardized Yield

SY is a vault token based on the ERC5115 standard designed to encapsulate yield-bearing tokens. It can wrap any yield-bearing token and provides a standardized interface for interacting with the yield-generating mechanisms of any yield-bearing token.

As all SYs have the same mechanism, Outstake interacts with SY as the main interface to all yield-bearing tokens.OutStake automatically converts yield-bearing tokens into SY and vice versa. This process happens automatically behind the scenes, making users feel as if they’re interacting directly with their yield-bearing tokens instead of having to manually manage the conversion between SY and yield-bearing tokens.