> For the complete documentation index, see [llms.txt](https://stcspr.docs.paradiso.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://stcspr.docs.paradiso.io/liquid-staking-on-casper/what-is-stcspr.md).

# What is stCSPR?

This page describes information regarding stCSPR.

### Background

<figure><img src="https://992065311-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJlyjsNkgjfCjKp9D6nWI%2Fuploads%2FDst0pxlgCOPS2MBGCpnq%2Fimage.png?alt=media&amp;token=a1e91efb-1c47-4128-a85f-ef5596093867" alt=""><figcaption></figcaption></figure>

**stCSPR** serves as an token that represents an individual account's ownership share in the total **CSPR** tokens that have been staked, along with the accumulated rewards. **stCSPR** has a decimal of 9 which is equal to that of CSPR . The balance of **stCSPR** can only be altered through specific actions, such as transfers, minting (creation of new **stCSPR** tokens), and burning (destruction of **stCSPR** tokens). The total supply of **stCSPR** does not rebase, remaining constant over time.

The value of **stCSPR** in terms of CSPR is subject to change and is not fixed. Holders of **stCSPR** have the flexibility to convert any amount of it to **CSPR** or vice versa at any given time, using a predetermined fixed rate. This fixed rate is the same for all users and remains consistent at any given moment. Typically, the rate is updated once a day when rewards are generated from staking **CSPR**. To obtain the current conversion rate, users can access the **stCSPR** contract and retrieve the relevant information. This mechanism ensures that **stCSPR** holders can easily switch between staked assets and liquid **CSPR** based on their preferences and market conditions.

### How is rate calculated and updated?

* rate starts with an initialized value of 1 CSPR: 1 **stCSPR** = 1 **CSPR**
* When the first user stakes an amout of **X** **CSPR** into our liquid staking, the user receives an amount of **X** **stCSPR** as the rate is initialized at 1.
* When there is an additional rewards of **R CSPR** generated by staking, the rate is updated as follows: updatedRate = currentRate + R \* (100 - ProtocolFee)/ (total supply of **stCSPR**) / 100
* The Protocol Fee (ProtocolFee) is set at 10%
* the newly updated rate is then pushed to the **stCSPR** contract

For example, if the current rate is 1 CSPR, the total supply of stCSPR is 100, and there is newly generated rewards of 1 CSPR, the updated rate will be: 1.009 CSPR

Users receive stCSPR immediately after making a stake deploy successfully. The amount of stCSPR a user can receive depends on the amount of CSPR being staked and the rate. And it can be calculated as follows:

**Amount of stCSPR = Amount of Staking CSPR / Current Rate**

There is a minimum of 500 CSPR applied when users stake on our app. This minimum is similar to the standard delegation of the Casper blockchain.