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  1. PROTOCOL CONCEPTS
  2. Tokens

Positional Tokens

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Last updated 1 day ago

Positional Tokens are tokens that represent Receipt Chain position ownership in the Principal Chain. These tokens are fungible and transferrable. Positional Token holders can participate in the Principal Chain’s DeFi ecosystem with these tokens or put these Positional Tokens into different vaults to interact with another Receipt Chain’s ecosystem.

The pricing of the Positional Token can be calculated as:

Total=principal+∑i=1nri\text{Total} = \text{principal} + \sum_{i=1}^{n} r_i Total=principal+i=1∑n​ri​

where r is the reward that is being accumulated over time.