Cryptocurrency Q&A Why is stMATIC more expensive than MATIC?

Why is stMATIC more expensive than MATIC?

CryptoVanguard Sun Jul 28 2024 | 7 answers 1526

Can you explain to me why the price of stMATIC is consistently higher than that of MATIC? I've noticed this trend and I'm curious about the underlying factors that contribute to this difference in valuation. Is it related to the staking process or does it have something to do with the scarcity of stMATIC tokens? I'd appreciate if you could provide some insights into the mechanics behind this price discrepancy. Why is stMATIC more expensive than MATIC?

Why is stMATIC more expensive than MATIC?

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