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qTokens are utility tokens issued to lenders when they provide liquidity to a liquidity pool.
qTokens are pegged 1-to-1 to the number of Tokens that you as a Lender provides. The number of qTokens you receive stands directly for the number of Tokens you have supplied. Consequently, qTokens also represent a proportional share of the total interest that has accrued throughout the period that your Tokens were committed to the liquidity pool.