# winSPIRIT ## Definition winSPIRIT is a general term for any *wrapped* inSPIRIT token. Currently, we have two wrapped versions of inSPIRIT: * **ginSPIRIT**, courtesy of our friends at Grim Finance * **linSPIRIT**, proudly made by Liquid Driver ## Why winSPIRIT? Wrapped inSPIRIT tokens are created by autofarms by **locking SPIRIT tokens forever** in order to increase the APR of their SpiritSwap boosted farm vaults. Holding inSPIRIT enables the vaults to obtain a **max boost of 2.5x**. Autofarms accumulate inSPIRIT by offering winSPIRIT in return for SPIRIT deposits. The protocol introduces an experimental feature, which functions as an autofarm smart contract which converts the deposited SPIRIT into inSPIRIT, and perpetually relocks that SPIRIT every 4 years. The smart contract functions as a one-way swap, where $SPIRIT is converted into the relevant winSPIRIT entitling the holder to various additional functionality (e.g. transferability outside of the protocol). This means the deposited $SPIRIT is locked in that smart contract *forever*. The deposited SPIRIT will *never* be returned to the user or market. However, the user will receive winSPIRIT, which is **transferable**, contrary to inSPIRIT which cannot be transferred between wallets. ## Pros and cons #### **inSPIRIT Pros** * Earn fees for participating in protocol * APY boost (get a multiplier on your farming rewards) * Voting on boosted farm allocations * Receive airdrops * Get SPIRIT back after unlocked (peg is ensured) * Pros can expand as more use cases are created #### **inSPIRIT Cons** * Non-transferable #### **winSPIRIT Pros** * Earn fees for participating in protocol * Transferable * Pros can expand as more use cases are created #### **winSPIRIT Cons** * No APY boost on SpiritSwap site * No voting on boosted farm allocations * No airdrops * Can never be redeemed for SPIRIT, only sold to SPIRIT * May become less valuable than SPIRIT due to people selling to get back to SPIRIT * Smart contract risk. We do not build winSPIRIT contracts, and do not have the resources to audit them currently. Use at your own risk. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.silverswap.io/spirit-swap/winspirit.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.