24h Change-3.45%
All Time HighAug 24, 2025$5,196
All Time LowApr 9, 2025$1,451
Market Cap$58.21m
Fully Diluted Valuation$58.21m
Circ. Supply30,192 wrsETH
CEX Volume$0
DEX Volume$4,262
How much debt can be issued against wrsETH as collateral across lending protocols.
Maximum possible exposure to wrsETH
$5,103
$1,916 (max additional borrows against wrsETH) + $3,187 (bad debt if wrsETH was hacked now)
Morpho V1
$5,103 at-risk exposure = $3,187 bad debt if hacked + $1,916 additional borrowable against wrsETH
Showing collateral exposure for wrsETH 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 wrsETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
wrsETH0xedfa23602d0ec14714057867a78d01e94176bea0 | $1,916 | $3,187 |
Risk-management actions published about wrsETH by tracked risk managers and governance contributors, newest first.
As the wrapped version of rsETH, it faces the same exploit-induced risks of unbacked tokens and potential exchange rate drops from Kelp's mainnet vs. L2 loss decisions. The oracle migration provides defensive bounds and overrides to manage repricing events and avoid forced liquidations at structurally incorrect prices.
wrsETH supply on Linea is $3.5K, under $100K, indicating low liquidity and usage across the chain.
wrsETH is listed for supply as collateral in its correlated e-mode with WETH at 93% LTV, including CAPO for monthly ratio growth limits to ensure stability in MegaETH's early environment.
wrsETH, Kelp DAO's liquid staking token for ETH rewards, has shown strong adoption with ~$1B deposits on Core and ~$370M on Linea, plus prior approvals on Ethereum, Arbitrum, and Base Aave instances. Onboarding as collateral on the growing Plasma network extends its utility under consistent, proven risk parameters.
wrsETH, a liquid restaked ETH derivative, has achieved sufficient liquidity and oracle reliability to qualify as collateral on Aave's ZKsync V3 deployment. Onboarding enables users to leverage it with conservative initial parameters, expanding restaking exposure in the ecosystem.
Cautious onboarding of wrsETH to ZKsync V3 is recommended due to limited liquidity and reiterated concerns about legacy function risks.
wrsETH, the wrapped version of rsETH, shows growing liquidity in top pools like Ambient wrsETH/ETH ($2.42M TVL) and supports the rsETH-wstETH e-mode category with 92.5% LTV due to asset correlation, allowing conservative exposure expansion on Scroll.
wrsETH, the zkSync wrapper for rsETH, has meaningful liquidity with 356 rsETH available within 7.5% price impact, and the positive outlook from the mainnet review holds. A significant access control risk exists where an EOA can withdraw all ETH from the pool contract, but the Kelp team plans to revoke this role and implement a secure alternative before onboarding.
wrsETH on Optimism V3 WETH Comet benefits from an unwrap limit of 1,258 to rsETH, enabling access to underlying staked ETH; the cap increase from 220 to 440 aligns with this liquidity threshold and exchange rate oracle reliability.
An is required to view token usage.
Showing 10 of 18 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabRSETH | $1.119b | 3.71% | 3.71% | 2.22% | |||||
| open in new tabRSETH-ETH | $6.37m | 0.01% | 0.01% | 0.02% | |||||
| open in new tabRSETH-WETH | $65,706 | 406% | 406% | 389% | |||||
| open in new tabWRSETH | $62,734 | 0% | 0% | 0% | |||||
| open in new tabWSTETH-WRSETHCL1 - 0.01% | $52,744 | 0% | 0% | 0% | |||||
| open in new tabWRSETHWETH-pool | $41,006 | 0% | 0% | ||||||
| open in new tabWRSETH | $23,668 | 0.39% | 0.01% | 0.39% | 0.37% | ||||
| open in new tabRSETH-HGETH | $21,565 | 8.45% | 8.45% | 7.94% | |||||
| open in new tabWETH-WRSETH | $18,896 | 0.21% | 0.19% | ||||||
| open in new tabRSETHIsolated (rsETH/WETH) | $8,058 | 2.93% | 2.93% | 2.93% |
Showing 10 of 56 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWRSETH âžž MORPHO | $10.34m | 2.72% | 0.39% | 3.15% | 74% | $24,212 | $544 | ||
| open in new tabWRSETH âžž MORPHO | $10.34m | 2.33% | 0% | 3.15% | 74% | $62,762 | $29 | ||
| open in new tabWRSETH âžž LBTC | $3.34m | 1.07% | 0.39% | 0.91% | 74% | $24,212 | $544 | ||
| open in new tabWRSETH âžž LBTC | $3.34m | 0.67% | 0% | 0.91% | 74% | $62,762 | $29 | ||
| open in new tabWRSETH âžž VVV | $1.68m | 0.39% | 0.39% | < 0.0001% | 74% | $24,212 | $544 | ||
| open in new tabWRSETH âžž WELL | $545,831 | 0.99% | 0.39% | 0.80% | 74% | $24,212 | $544 | ||
| open in new tabWRSETH âžž WELL | $545,831 | 0.60% | 0% | 0.80% | 74% | $62,762 | $29 | ||
| open in new tabWRSETH âžž WEETH | $122,268 | 0.34% | 0.39% | -0.07% | 74% | $24,212 | $544 | ||
| open in new tabWRSETH âžž TBTC | $47,508 | 0.72% | 0.39% | 0.44% | 74% | $24,212 | $544 | ||
| open in new tabWRSETH âžž TBTC | $47,508 | 0.33% | 0% | 0.44% | 74% | $62,762 | $29 |
