24h Change-4.54%
All Time HighAug 24, 2025$6,001
All Time LowApr 9, 2025$1,684
Market Cap$50.89m
Fully Diluted Valuation$50.89m
Circ. Supply24,477 TETH
CEX Volume$0
DEX Volume$30,433
How much debt can be issued against TETH as collateral across lending protocols.
Maximum possible exposure to TETH
$21.74m
$18.01m (max additional borrows against TETH) + $3.74m (bad debt if TETH was hacked now)
Compound V3
$17.36m at-risk exposure = $2.91m bad debt if hacked + $14.45m additional borrowable against TETH
Euler V2
$3.03m at-risk exposure = $813,550 bad debt if hacked + $2.22m additional borrowable against TETH
Aave V3
$1.34m at-risk exposure = $3,236 bad debt if hacked + $1.33m additional borrowable against TETH
Morpho V1
$12,368 at-risk exposure = $11,241 bad debt if hacked + $1,127 additional borrowable against TETH
Showing collateral exposure for TETH 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 TETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
tETH0xd09acb80c1e8f2291862c4978a008791c9167003 | $13.92m | — | ||
tETH0xd11c452fc99cf405034ee446803b6f6c1f6d5ed8 | $2.19m | $675,246 | ||
tETH0xd11c452fc99cf405034ee446803b6f6c1f6d5ed8 | $1.33m | $3,236 | ||
tETH0xd11c452fc99cf405034ee446803b6f6c1f6d5ed8 | $530,993 | $2.91m | ||
tETH0xd09acb80c1e8f2291862c4978a008791c9167003 | $33,304 | $138,304 | ||
tETH0xd11c452fc99cf405034ee446803b6f6c1f6d5ed8 | $1,127 | $11,241 |
Risk-management actions published about TETH by tracked risk managers and governance contributors, newest first.
tETH shows low utilization below 1% in multiple L2 Comets, indicating negligible demand and unused risk surface vulnerable to DeFi exploits targeting long-tail collaterals, so its cap is being set to 0 while existing positions remain functional.
tETH utilization exceeds 1% in WETH and USDT Comets, qualifying for a tight 20-30% buffer above current balances. The resize adopts a risk-off posture against increasing exploits targeting LST depegs and oracle issues.
Adaptive IRM for tETH targets 50% utilization with conservative rates from 0.5% min to 5% max, calibrated to maintain stability in lower-utilization LST markets without changing collateral or borrowing exposure.
tETH exhibits negligible user demand in the Arbitrum USDT market, averaging just 0.01% supply cap utilization over the past 30 days. Reducing the supply cap by 50% helps lower overall protocol risk exposure.
tETH's LLTV is being raised from 75% to 80% against USDC and USDT debts, based on internal modeling and market comparisons indicating sufficient on-chain liquidity and stability for higher exposure.
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 tETH market has shown low user demand with average supply cap utilization of 0.92% over the past 30 days, leading to a recommendation to halve the supply cap and reduce protocol risk exposure.
The tETH market has had minimal activity, with 0% utilization on USDT and 0.73% on WETH over the past 30 days, justifying a cut in supply caps to limit protocol exposure.
tETH DEX liquidity on Arbitrum supports a 150 tETH supply cap on Euler, with the ability to bridge to Ethereum's Curve pools for sufficient liquidity during stressed scenarios.
Substantial declines in tETH supply over the past few weeks on both WETH and wstETH Mainnet comets have reduced utilization well below current caps of 10,000 tETH. Halving caps to 5,000 tETH aligns limits with observed demand and mitigates potential protocol risk from overcapacity.
An is required to view token usage.
Showing 10 of 4660 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWETH-USDTCL - 10 | 🪂 | $275,371 | 20454% | 0% | 20454% | 24306% | |||
| open in new tabUSDC-WETHCL - 10 | 🪂 | $59,049 | 49431% | 0% | 49431% | 22170% | |||
| open in new tabETH-CRYPTO0.25% | $50,297 | 13713% | 13713% | 3524% | |||||
| open in new tabETH-ENA0.30% | $50,000 | 67579% | 67579% | 1876% | |||||
| open in new tabWETH-SCOUT1.20% | $49,265 | 22130% | 22130% | 4936% | |||||
| open in new tabETH-WOCT1.00% | $48,341 | 12897% | 12897% | 1544% | |||||
| open in new tabWETH-TRAC | $42,548 | 112727% | 66877% | ||||||
| open in new tabWETH-W | $39,679 | 32513% | 24720% | ||||||
| open in new tabWETH-HOWDY3.00% | $25,696 | 36109% | 36109% | 4611% | |||||
| open in new tabWETH-DEADPool on Uniswap V3 | 🪂 | $12,888 | 100000% | 100000% | 98336% |
Showing 10 of 258 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabTETH ➞ WBTC | $298.19m | 0% | 0% | 0% | 90% | $2.63m | |||
| open in new tabTETH ➞ WBTC | $116.87m | 0% | 0% | 0% | 90% | $2.63m | |||
| open in new tabTETH ➞ WSTETH | $72.31m | 0% | 0% | 0% | 90% | $2.63m | |||
| open in new tabTETH ➞ WSTETH | $53.85m | 0% | 0% | 0% | 90% | $2.63m | |||
| open in new tabTETH ➞ CBBTC | $10.41m | 0.97% | 0% | 1.07% | 90% | $2.63m | |||
| open in new tabTETH ➞ MORPHO | $9.06m | 6.97% | 0% | 7.75% | 90% | $2.63m | |||
| open in new tabTETH ➞ LBTC | $3.14m | 0.92% | 0% | 1.02% | 90% | $2.63m | |||
| open in new tabTETH ➞ VVV | $708,241 | 12.19% | 0% | 13.54% | 90% | $2.63m | |||
| open in new tabTETH ➞ TBTC | $42,881 | 0.71% | 0% | 0.79% | 90% | $2.63m | |||
| open in new tabTETH ➞ USDC | $0 | 0% | 0% | 0% | 90% | $2.63m |
