What is sNIGHT?
sNIGHT is Shielded Pools’ shielded wrapper for NIGHT on Midnight. Wrapping locks NIGHT in a contract and issues the same amount of sNIGHT, at 1:1. Unwrapping retires sNIGHT and returns the same amount of NIGHT.
For example, wrapping 10 NIGHT issues 10 sNIGHT. Unwrapping 10 sNIGHT returns 10 NIGHT. Network DUST costs are separate from this token ratio.
What changes when you wrap?
Section titled “What changes when you wrap?”NIGHT is unshielded; sNIGHT uses Midnight’s shielded-token system. That distinction does not make entering or leaving the pool private. Wrapping publicly exposes the funding address, token, and amount. Unwrapping publicly exposes the recipient address, token, and amount. Transaction records and timing are public too.
Do not treat wrapping as erasing a public transaction history or as a guarantee of anonymity. Read Privacy and public information for the boundaries.
Start with the basics
Section titled “Start with the basics”Using the right token
Section titled “Using the right token”The wrapper operates on Midnight. Wrapped-token identity depends on the contract and underlying token, so a matching name alone does not identify the correct sNIGHT. Check the network and pool before wrapping or unwrapping.
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