Frequently Asked Question

If you can't find an answer, check the documentation or ask a question in our Discord

Do I need a wallet to use Stroom?

Yes, you need to connect a preferred EVM wallet to utilize the Stroom app.

What does the Convert function do?

The Convert page allows you to convert wBTC into strBTC and vice versa. You need to connect an EVM wallet, specify the amount of wBTC/strBTC to convert, and approve the transaction.

What does the Wrap function do?

The Wrap page allows you to convert strBTC into wstrBTC, an ERC-4626-compliant wrapper, and vice versa. While strBTC leverages a rebasing mechanism to reflect yield directly in user balances, many DeFi platforms are not optimized to support rebasing assets. wstrBTC solves this by wrapping strBTC into a standard vault interface, allowing users to deposit strBTC and receive a fixed-amount wstrBTC token in return.

What is strBTC?

strBTC is a BTC Liquid Staking Token (LST) that operates across the Ethereum DeFi ecosystem.

What is wBTC?

Wrapped Bitcoin, or wBTC, is an ERC-20 token developed by BitGo that is pegged 1:1 to Bitcoin.

When will the Mint and Redeem buttons be available?

The Mint and Redeem will be available on the Stroom public launch, when the Stroom bridge is live.

What is the Leaderboard page?

The Leaderboard page shows the user's ranking based on the number of points earned for interacting with Stroom.