Interest Bearing Token (ibTKN)

An interest bearing token (ibTKN) is a type of cryptocurrency token that can be found on most decentralized exchanges (DEXs). When users deposit their crypto assets, they receive ibTKNs, which appreciate in value by receiving a portion of the trading fees in exchange for providing liquidity. Upon redeeming their ibTKNs for the original assets, users receive their initial deposit along with any accrued trading fees. Examples of ibTKNs include yvDAI from Yearn.finance, xSUSHI from SushiSwap, and 3crv from Curve.