wiTRY is a yield-bearing wrapper token obtained by staking iTRY, a Turkish Lira-pegged stablecoin. As the underlying BVI-regulated fund earns money market yields, new iTRY is minted and deposited into the staking contract, where it vests linearly over time. This causes wiTRY to appreciate in value relative to iTRY without requiring any action from holders. Users can unstake wiTRY back to iTRY after a cooldown period, or exit instantly via Fast Redeem for a fee. wiTRY is available on Ethereum and MegaETH via LayerZero.
