What is Interest Bearing Token (ibTKN)?

An interest bearing token (ibTKN) is a crypto token that can be found on most decentralized exchanges (DEXs). Once you deposit crypto assets, your ibTKNs grow in value by receiving a cut of the trading fees in exchange for providing liquidity. When you redeem your ibTKNs for your original assets, you receive your initial deposit plus any accrued trading fees. Examples of ibTKNs include Yearn.finance's yvDAI, SushiSwap's xSUSHI, and Curve's 3crv.