Staking · Review
ActivePepeTeam sWAVES Review 2026: Liquid Staking for WAVES
sWAVES is a liquid staking token for WAVES from PepeTeam, built on Waves smart contracts. It is a small, niche protocol with no listed audits.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.5/10
Mixed
Our verdict on PepeTeam sWAVES
5.5/10PepeTeam sWAVES suits existing WAVES holders who want staking rewards while keeping a tradable, transferable token. Its main strength is simplicity and composability with DEXes and lending protocols on Waves. The main caveats are its small TVL, the absence of listed audits, and unpublished fees, team and reward details. Read the lite paper and FAQ first, and size any deposit with smart-contract and depeg risk in mind.
Score breakdown
How PepeTeam sWAVES scores
- Security
- 4.0/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- 5.5/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is PepeTeam sWAVES?
PepeTeam sWAVES is a liquid staking protocol for the WAVES token. It lets holders stake WAVES and receive sWAVES, a token they can still move, trade or put to work elsewhere.
DefiLlama tracks it on the Waves chain with about $243,000 in total value locked, down roughly 2% over the past week, and lists it since December 2022. It has no governance token and no listed audits.
The homepage positions sWAVES as a simple, secure staking product and links to a lite paper, calculator, stats and FAQ. It is part of a wider PepeTeam set of products, including a bridge, swap and a Telegram bot. The homepage footer carries a 2022 copyright, and no recent updates are visible there.
How PepeTeam sWAVES works
You deposit WAVES into the protocol's smart contracts, which stake it natively on the Waves blockchain. In return you receive sWAVES, a token that represents your staked position and the rewards it earns.
Because sWAVES is a normal token on Waves, you can hold it, send it, trade it on DEXes and AMMs, or supply it to swap and lending protocols. The homepage says collaborations with other ecosystem products let holders earn additional income on top of staking.
When you want out, you withdraw through the site and redeem sWAVES for WAVES. The exact reward mechanism, such as rebasing or a rising exchange rate, is not described on the homepage.
6 features
Key features
01
Liquid staking token
WAVES staked through the protocol is represented by sWAVES, which stays liquid in your wallet.
02
Flexible staking
The homepage describes flexible staking with deposit and withdraw actions rather than a fixed lock.
03
DeFi composability
sWAVES can be traded on DEXes and AMMs or supplied to swap and lending protocols for extra yield.
04
Earnings calculator
The site offers a tool to estimate earnings from staking WAVES.
05
PepeTeam product suite
The site lists related products: Cash, a Telegram bot, a Bridge, Invest and Swap.
06
Documentation and stats
The homepage links to a lite paper, FAQ, support page, stats and ecosystem overview.
Pros and cons
What we like
- Keeps staked WAVES liquid through a transferable token
- Can be used on DEXes, AMMs and lending protocols for extra yield
- Flexible deposit and withdraw flow is described on the homepage
- Includes an earnings calculator and stats page for transparency on returns
- Part of a broader PepeTeam product suite with a lite paper and FAQ
- No separate token to buy, so exposure is just to WAVES
Watch out for
- TVL is small at roughly $243,000, so liquidity and community scrutiny are limited
- Tied to the Waves ecosystem, which is far smaller than Ethereum or Solana
- No audits are listed on DefiLlama and none are mentioned on the homepage
- No fee schedule, reward rate or team details are published on the homepage
- The homepage footer shows a 2022 copyright, and no recent updates are visible
- Smart-contract risk applies, as does the risk that sWAVES trades below WAVES on DEXes
PepeTeam sWAVES fees
The homepage does not publish a fee schedule, a reward rate or a commission taken from staking rewards. It offers an earnings calculator and a stats page where users can look at yields.
Beyond protocol fees, users pay normal Waves network transaction fees, and swapping sWAVES on a DEX carries that exchange's trading fees and possible slippage. Check the lite paper and FAQ for any commission before depositing.
Is PepeTeam sWAVES safe?
DefiLlama lists no audits for sWAVES, and the homepage does not mention any. The logic runs in smart contracts on Waves, so users carry smart-contract risk and rely on the contracts working as intended.
The homepage does not name the team, publish a licence or describe custody and admin controls. sWAVES is a derivative token, so its market price can drift from WAVES, and any additional yield from DEXes or lending protocols adds that protocol's own risk. Only stake what you can afford to lose.
6 steps
How to get started with PepeTeam sWAVES
- 1
Read the lite paper and FAQ on the official site to understand how staking and withdrawals work.
- 2
Set up a Waves-compatible wallet and fund it with WAVES plus a little extra for network fees.
- 3
Use the earnings calculator to estimate what staking could return.
- 4
Connect your wallet on the official site and deposit WAVES to receive sWAVES.
- 5
Hold the sWAVES, or consider using it on a DEX or lending protocol, after weighing the extra risk.
- 6
Withdraw through the site when you want to return to WAVES, checking timing first.
Who PepeTeam sWAVES is for
WAVES holders who already use the Waves ecosystem and want to earn staking rewards without locking their tokens. It is less suitable for users who require audited contracts, a named team or a deep, high-liquidity market.
PepeTeam sWAVES FAQs
What is PepeTeam sWAVES?
sWAVES is a tokenized form of native WAVES staking on the Waves blockchain. You deposit WAVES and hold sWAVES, which can be kept, transferred, traded or used in other protocols.
What can I do with sWAVES?
The homepage describes sWAVES as usable in wallets, on DEXes and AMMs, and in swap or lending protocols to earn additional interest. Specific rates are not published as fixed numbers; the site offers an earnings calculator instead.
Is sWAVES audited?
DefiLlama lists no audits for the protocol, and the homepage does not mention any. Users should treat smart-contract risk as real and check the lite paper and project channels for security information.
Can I withdraw my WAVES at any time?
The homepage shows deposit and withdraw options and describes the staking as flexible. Exact withdrawal timing and any fees are not stated on the homepage, so check the lite paper or FAQ before depositing.
Does sWAVES have its own governance token?
No. DefiLlama lists no governance or protocol token for sWAVES. sWAVES itself is the staking receipt token.
Which chains does it run on?
DefiLlama lists it on the Waves chain only. The homepage also calls it a cross-chain staking protocol and lists a Bridge product, but the supported chains are not detailed.
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Vires Finance is a non-custodial lending and borrowing protocol on the Waves blockchain, aimed at Waves users who want to earn interest or borrow.
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Swop.fi is an AMM-style decentralized exchange for the Waves ecosystem, offering token swaps and passive income options, with about $358K TVL.
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Waves Exchange (WX Network) is a Waves-based crypto trading and liquidity platform for users exploring self-sovereign crypto tools.
Puzzle Swap is a Waves-based decentralized exchange with mega pools and a PUZZLE token, aimed at Waves DeFi users.
How we checked
Sources
- 1.defillama.com/protocol/pepeteam-swaves
- 2.mtg.cardsrealm.com/nl-nl/decks/n381-pepeteam-premodern-league-2026-10-21
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