24h Change-3.98%
All Time HighMay 27, 2025$7,092
All Time LowApr 9, 2025$1,582
Market Cap$22.26m
Fully Diluted Valuation$22.26m
Circ. Supply10,410 WOETH
CEX Volume$0
DEX Volume$0
How much debt can be issued against WOETH as collateral across lending protocols.
Maximum possible exposure to WOETH
$22.37m
$22.36m (max additional borrows against WOETH) + $7,109 (bad debt if WOETH was hacked now)
Compound V3
$22.37m at-risk exposure = $7,108 bad debt if hacked + $22.36m additional borrowable against WOETH
Morpho V1
$5.74 at-risk exposure = $0.6 bad debt if hacked + $5.14 additional borrowable against WOETH
Showing collateral exposure for WOETH on Ethereum. 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 WOETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
WOETH0xdcee70654261af21c44c093c300ed3bb97b78192 | $22.36m | $7,108 | ||
WOETH0xdcee70654261af21c44c093c300ed3bb97b78192 | $5.14 | $0.6 |
Risk-management actions published about WOETH by tracked risk managers and governance contributors, newest first.
wOETH has negligible supply utilization under 1% in WETH Comet, signaling no organic demand. Setting its cap to 0 eliminates unnecessary risk from potential bridge failures or smart-contract exploits in this long-tail LST.
Community proposal to add wOETH as collateral on Ethereum Mainnet, enabling it to support lending and borrowing in Compound V3 markets.
WOETH wraps OETH, a redesigned pure liquid ETH staking token that maintains a tight peg to ETH through the ARM mechanism for instant redemptions and AMO for balanced liquidity, with underlying assets fully collateralized by staked ETH. It has shown strong market performance with minor depegs quickly corrected, sufficient liquidity via Curve pools and atomic unwrapping, and robust security from multiple audits by OpenZeppelin and others, plus an active bug bounty.
wOETH is a non-rebasing wrapper for OETH, an LST that transitioned from aggregating other LSTs to direct ETH staking via DVT on SSV/P2P, delivering high yields while maintaining a tight 1:1 peg through Origin’s ARM redemption system. Its security is bolstered by reusing audited OUSD code, multiple audits since 2020, ongoing monitoring by yAudit and OpenZeppelin, and an active Immunefi bug bounty with rapid resolution times, making it suitable for onboarding as collateral and borrowable to enhance Aave TVL and user options.
wOETH is a wrapped version of OETH, an LST that transitioned to direct ETH staking via DVT for a tight 1:1 peg and 4.43% APY, outperforming other LSTs in yield and liquidity without slippage penalties. Onboarding enables higher-yielding collateral for leveraged staking on Aave, backed by Chainlink oracles, multiple audits, and a bug bounty program.
OETH pivoted in March 2024 to a liquid ETH staking model using decentralized validator technology via SSV Network, enhancing security through distributed key shares and fault tolerance while divesting from other LSDs for a tighter ETH peg. Yield now derives from native staking rewards, SSV incentives, and AMO market making, with reduced fees and growing DeFi integrations like Morpho Blue and EigenLayer, though TVL growth has flattened and transaction volumes declined.
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Showing 10 of 18 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabOETH | $80.37m | 2.14% | 2.12% | ||||||
| open in new tabOGN-OETH | $960,157 | 1.92% | 1.25% | 1.91% | |||||
| open in new tabMSETH-OETH | $688,142 | 7.05% | 1.12% | 6.82% | |||||
| open in new tabMSETH-OETHCurve | $602,532 | 7.41% | 0.32% | 7.98% | |||||
| open in new tabWOETHFor buying PT-wOETH-25JUN2026 | $285,076 | 3.50% | 3.50% | 3.50% | |||||
| open in new tabWOETHFor LP | Maturity 25JUN2026 | $285,076 | 2.74% | 2.74% | 2.78% | |||||
| open in new tabOETH-ARM-WETH-STETH | $129,069 | 5.91% | 4.56% | 2.46% | |||||
| open in new tabMSETH-OETH | $85,753 | 14.70% | 1.12% | 12.85% | |||||
| open in new tabOETH-ARM-WETH-STETH | $74,051 | 5.83% | 4.56% | 3.12% | |||||
| open in new tabWOETHExpires 2026-06-25 | $18,134 | 2.74% | 2.74% | 2.78% |
