Non-rebasing wrapped version of ether.fi eETH for DeFi composability.
weETHDeFi token
On this page
Price$3,400
Market Cap$4B
CategoryDeFi token
Last UpdatedFeb 17, 2024
Available on
EthereumArbitrum
Yield opportunities
StakingRestaking
What is weETH?
weETH is the wrapped, non-rebasing version of ether.fi's eETH. While eETH rebases to distribute rewards, weETH appreciates in value, making it compatible with all DeFi protocols and simplifying tax accounting.
Key Statistics
Metric
Value
. . . .
. . . -
Market Cap
$4B+
Underlying
eETH
Base APY
~4% + restaking
Primary Chain
Ethereum, Arbitrum
How weETH Works
Value Appreciation: weETH increases in value relative to ETH as rewards accrue.
DeFi Compatible: Works with lending, DEXs, and all DeFi protocols.
Multi-Chain: Available on Ethereum, Arbitrum, and other L2s.
Yield Opportunities with weETH
Base Restaking Yield: Hold weETH to earn combined staking + restaking APY.
Pendle Strategies: Trade weETH on Pendle for fixed or leveraged yields.
Lending: Use weETH as collateral on Aave, Morpho, and other protocols.
LP Farming: Provide weETH liquidity for additional yields.
Risk Considerations
All eETH Risks: weETH inherits eETH's restaking and smart contract risks.
Exchange Rate: weETH/ETH rate depends on underlying performance.
Frequently Asked Questions
Why use weETH instead of eETH?
weETH is better for DeFi protocols that don't support rebasing tokens.
Can I convert between eETH and weETH?
Yes, wrapping and unwrapping is always available 1:1.
Track your weETH positions and discover new opportunities.
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