Why does a liquid-staking token show a different balance after one day?

Some receipt tokens rebase, while wrapped versions instead change their exchange rate relative to the underlying stake. The display difference depends on token design, not necessarily a new transfer.

The answer

Some receipt tokens rebase, while wrapped versions instead change their exchange rate relative to the underlying stake. The display difference depends on token design, not necessarily a new transfer.

What to do next

Check whether the token is rebasing, wrapped or exchange-rate based before reconciling balances.

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