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TVL $73MAPY 0.00%low riskUpdated Feb 1, 2025

Aave Base wstETH

Supply wstETH to Aave V3 on Base. Access Lido staked ETH yields within the Base ecosystem with E-Mode capital efficiency.

ProtocolAave V3
Networkbase
SymbolABASWSTETH
CategoryMoney Markets
Underlying Assets
wstETHstETHETH
Contract Address0x99cbc45ea5bb7ef3a5bc08fb1b7e56bb2442ef0d

What is Aave Base wstETH?

Aave Base wstETH is a lending market for Lido's wrapped staked ETH on Aave V3's Base deployment. wstETH on Base allows users to maintain their Lido staking exposure while accessing Base's DeFi ecosystem and Aave's capital efficiency features like E-Mode.

How This Market Works

wstETH lending on Base operates with yield stacking:

  1. Bridge wstETH to Base (already earning ~3-4% staking yield)
  2. Deposit into Aave V3 lending pool
  3. Receive aBasWstETH tokens representing your position
  4. Earn additional interest from borrowers (typically minimal)
  5. Total yield = Lido staking + Aave supply yield
E-Mode Enabled: Base wstETH supports E-Mode with ETH-correlated assets, enabling up to 93% LTV for leverage strategies.

What Assets Are Involved

Supply Asset: wstETH on Base (bridged from Ethereum) Receipt Token: aBasWstETH - Aave Base deposit token Underlying: ETH staked through Lido, wrapped as wstETH

wstETH on Base is used for:

  • Collateral for borrowing ETH or stablecoins
  • E-Mode leverage strategies
  • Maintaining staking yield while accessing Base DeFi
  • Capital-efficient borrowing positions

Base wstETH Liquidity

wstETH on Base benefits from:

  • Aerodrome wstETH/ETH pools
  • Cross-chain bridges from Ethereum
  • Growing Base DeFi integration
  • Aave E-Mode support

Risk Disclosures

Smart Contract Risk: Exposure to Aave V3, Lido, and bridge contracts. Each layer adds potential vulnerability. Bridge Risk: wstETH on Base requires bridging from Ethereum, adding bridge contract security considerations. Liquid Staking Risk: wstETH value depends on Lido's validator operations. Slashing events could affect the wstETH/ETH ratio. Layer 2 Risk: Base sequencer centralization and potential downtime. Lower Liquidity: Less wstETH liquidity on Base than mainnet, potentially affecting entry/exit prices. Oracle Risk: Accurate wstETH/ETH exchange rate pricing across L2 infrastructure. Newer Network: Base has less operational history than Ethereum mainnet. E-Mode Risk: High-LTV E-Mode positions amplify liquidation risk during volatility.

Related Money Markets

Aave Ethereum WETH1.25% APYAave Ethereum USDT2.45% APYAave Ethereum wstETH0.01% APYAave Ethereum USDC3.47% APYAave Ethereum WBTC0.01% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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