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.