The pALEO token represents your share in the Pondo staked pool on the Aleo blockchain. When you stake ALEO, pALEO tokens are minted based on the proportion of the pool you own. As ALEO rewards accumulate over time, the value of pALEO increases, reflecting the staking rewards. When ALEO is withdrawn, pALEO tokens are burned accordingly. Essentially, holding pALEO is equivalent to having ALEO staked and earning rewards passively
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