# What is xSTRK?

**What is xSTRK?**

xSTRK is Endur's Liquid Staking Token that represents your staked STRK position. It's a yield-bearing token that allows you to maintain liquidity while earning staking rewards on your STRK tokens!

**Exchange Rate and Token Amount**

When you deposit STRK, you'll receive xSTRK at the current exchange rate. You'll notice that the amount of xSTRK received is less than your STRK deposit. This is because of 2 reasons:

1. Exchange Rate

   * **xSTRK's value increases over time** relative to STRK and it reflects accumulated staking rewards. In simple terms, the rewards auto compound automatically when you hold xSTRK.
   * Example: If 1 xSTRK = 1.1 STRK, you'll receive \~0.91 xSTRK for 1 STRK

2. Yield-Bearing Mechanism
   * xSTRK automatically accrues value from staking rewards.
   * Your xSTRK balance stays constant, but its value in STRK increases!