24h Change-5.37%
All Time HighAug 24, 2025$5,227
All Time LowApr 9, 2025$1,454
Market Cap$132.77m
Fully Diluted Valuation$132.77m
Circ. Supply67,293 ezETH
CEX Volume$0
DEX Volume$751,293
How much debt can be issued against ezETH as collateral across lending protocols.
Maximum possible exposure to ezETH
$51.01m
$41.13m (max additional borrows against ezETH) + $9.88m (bad debt if ezETH was hacked now)
Tydro
$23.09m at-risk exposure = -- bad debt if hacked + $23.09m additional borrowable against ezETH
Fluid
$9.78m at-risk exposure = $11.26 bad debt if hacked + $9.78m additional borrowable against ezETH
Aave V3
$14m at-risk exposure = $7.08m bad debt if hacked + $6.93m additional borrowable against ezETH
Compound V3
$2.88m at-risk exposure = $1.85m bad debt if hacked + $1.04m additional borrowable against ezETH
Morpho V1
$1.22m at-risk exposure = $955,609 bad debt if hacked + $261,924 additional borrowable against ezETH
Euler V2
$35,932 at-risk exposure = -- bad debt if hacked + $35,932 additional borrowable against ezETH
SparkLend
$0.0044 at-risk exposure = $0.0044 bad debt if hacked + $0 additional borrowable against ezETH
Showing collateral exposure for ezETH on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for ezETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
ezETH0x2416092f143378750bb29b79ed961ab195cceea5 | $23.09m | — | ||
ezETH0xbf5495efe5db9ce00f80364c8b423567e58d2110 | $9.78m | $11.26 | ||
ezETH0xbf5495efe5db9ce00f80364c8b423567e58d2110 | $6.81m | $7.06m | ||
ezETH0xbf5495efe5db9ce00f80364c8b423567e58d2110 | $589,488 | $732,171 | ||
ezETH0x2416092f143378750bb29b79ed961ab195cceea5 | $225,854 | $679,230 | ||
ezETH0x2416092f143378750bb29b79ed961ab195cceea5 | $174,474 | $664,363 | ||
ezETH0x2416092f143378750bb29b79ed961ab195cceea5 | $165,912 | $450,533 | ||
ezETH0x2416092f143378750bb29b79ed961ab195cceea5 | $106,877 | — | ||
ezETH0x2416092f143378750bb29b79ed961ab195cceea5 | $93,994 | $14,163 | ||
ezETH0x2416092f143378750bb29b79ed961ab195cceea5 | $35,932 | — |
Risk-management actions published about ezETH by tracked risk managers and governance contributors, newest first.
ezETH is an active collateral with moderate utilization in several L2 Comets, but caps are being resized to ~20-30% above current supply to compress headroom not matched by organic demand and reduce risk from frequent DeFi exploits on long-tail assets.
ezETH has low utilization in wstETH Comet but active demand in WETH Comet; its cap is being resized to a 30% buffer above current supply. This defensive adjustment counters heightened attack vectors on LSTs while allowing headroom for existing users.
Modest 1-2% LLTV increases across multiple debt pairs, calibrated to on-chain liquidity and volatility data to support greater usage without compromising liquidation efficacy.
The ezETH market has shown low user demand with average supply cap utilization of 0.19% over the past 30 days, leading to a recommendation to halve the supply cap and reduce protocol risk exposure.
The ezETH market on Base has shown low user demand, with average supply cap utilization at 8.87% over the past 30 days, warranting reduced exposure to limit protocol risk.
ezETH supplies across Unichain ($6.5K), Base ($32K), Arbitrum ($388), and Linea ($1.3K) are all under $100K, indicating low demand and minimal protocol activity.
ezETH is enabled as collateral in an e-mode with WETH at 93% LTV, with CAPO controls for growth and Chainlink oracles, to facilitate liquid staking exposure from MegaETH mainnet Day 0.
Current LTV for ezETH as collateral or debt is ~50 bps below comparable market levels on Base. Modest increase aligns with on-chain liquidity and volatility metrics to enhance competitiveness while maintaining risk controls.
Low user demand on Unichain with supply cap utilization at 0.0% over the past 30 days prompts reducing exposure to lower protocol risk.
The ezETH market on Arbitrum has demonstrated low user demand over the past 30 days, with average supply cap utilization at 9.31%, staying below the 10% threshold. Reducing exposure helps mitigate risks from underused collateral without impacting existing positions.
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Showing 10 of 28 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabEZETH | $132.81m | 2.67% | 2.67% | 1.87% | |||||
| open in new tabEZETH-ETH | $4.05m | 0.14% | 0.14% | 0.95% | |||||
| open in new tabEZETH-FRXETH | $212,321 | 2.40% | 2.40% | 0.90% | |||||
| open in new tabEZETH-WETH | $39,491 | 4.34% | 4.34% | 1.24% | |||||
| open in new tabEZETH-WETH | $23,961 | 0.01% | 0.33% | ||||||
| open in new tabEZETH-ETH | $20,580 | 0.89% | 0.89% | 1.09% | |||||
| open in new tabWSTETH-EZETH0.01% | $19,786 | 0% | 0% | 0.20% | |||||
| open in new tabEZETHIsolated (ezETH/WETH) | $19,520 | 6.01% | 6.01% | 6.01% | |||||
| open in new tabWSTETH-EZETHUniswap | $18,225 | 0% | 1.17% | ||||||
| open in new tabEZETH-WETH.E | 🪂 | $11,445 | < 0.0001% | < 0.0001% | < 0.0001% |
Showing 10 of 1112 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabEZETH âžž WBTC | $291.34m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž WBTC | $109.65m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž WETH | $100.45m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž WETH | $56.86m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž WSTETH | $54.05m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž WSTETH | $51.18m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž WSTETH | $43.52m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž SFRAX | $37.4m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž WEETH | $24.08m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 | ||
| open in new tabEZETH âžž RSETH | $19.38m | 6.01% | 6.01% | 0% | 80% | $36,714 | $17,194 |
