What are fATOM & wATOM Tokens

fATOM represents ATOM pledged with Infinimos platform. Unlike pledged ATOM, it is a liquid token fATOM and can be transferred, traded or used for more ecological applications in Cosmos. fATOM token is pegged at 1:1 ratio on ATOM deposits. ATOM can also be redeemed by burning fATOM at the same 1:1 ratio. Also note from fATOM to be exchanged back as ATOM, It will take 25 days as locking time.

Please note that fAtom is performed more like an intermediary token in the liquidity process, to get the staking reward of the pledged ATOM on infinimos platform, the user needs to pledge the fATOM into the staking pool to earn higher interest reward compared with cosmos hub staking. To be clarified, the user will get wATOM as LP and the INFI token as interest reward.

wATOM is the LP token after a user pledges a fATOM, which could be exchanged with fATOM anytime.When wATOM is exchanged as fATOM, it is equivalent as withdrawing fAtom from staking pool. When users hold wATOM as LP, the user would be getting rewards with an APY over 17% , the reward would be distributed every 24 hours to the user account as INFI tokens.