Understanding the share price

How rewards accrue in V3

The V3 vault is an ERC-4626 share contract. When validator rewards flow in, the vault's totalAssets increases but the total psXDC share supply does not, so the exchange rate totalAssets / totalShares goes up.

Day 0:   1,000 XDC deposited  →  1,000 psXDC minted  (rate = 1.000)
Day 30:  validator rewards flow in  →  totalAssets increases  →  rate = 1.0037
Day 365: cumulative rewards ≈ 5.5%  →  rate = 1.055

Burn 1,000 psXDC on day 365  →  receive 1,055 XDC

Your psXDC balance never changes from rewards. The value of your psXDC changes. This is exactly the same model Aave aTokens, Compound cTokens, and Lido wstETH use.

Where to see your accrued value

The app surfaces this in two places:

• Overview / Lite dashboard: shows your psXDC share balance, its current XDC value at the live exchange rate, and the implied amount earned since you staked.
• Position & Rewards History: shows the exchange-rate timeline and your individual stake/withdraw events.

You can also read it directly from the vault contract:

sharesYouHold = balanceOf(yourAddress)
xdcYouCouldRedeemNow = convertToAssets(sharesYouHold)

The difference between xdcYouCouldRedeemNow and the XDC you originally deposited is your accrued yield. There is nothing to claim; it is already inside the share.

Realizing your rewards

Because rewards are baked into the share, you realize them whenever you do any of the following:

• Redeem psXDC for XDC: you receive XDC at the current (higher) exchange rate.
• Sell psXDC on a DEX: the market price reflects the appreciating NAV.
• Transfer psXDC to another wallet: the recipient inherits the appreciated share and any future appreciation.

There is no "leave rewards on the table" risk, because rewards belong to whoever holds the share at the moment of redemption.