How much debt can be issued against WSTUSR as collateral across lending protocols.
Maximum possible exposure to WSTUSR
$19.86m
$316.73 (max additional borrows against WSTUSR) + $19.86m (bad debt if WSTUSR was hacked now)
Morpho V1
$19.85m at-risk exposure = $19.85m bad debt if hacked + $316.73 additional borrowable against WSTUSR
Euler V2
$14,114 at-risk exposure = $14,114 bad debt if hacked + $0 additional borrowable against WSTUSR
Fluid
$6.26 at-risk exposure = $6.26 bad debt if hacked + $0 additional borrowable against WSTUSR
Venus Flux
$0.7 at-risk exposure = $0.7 bad debt if hacked + $0 additional borrowable against WSTUSR
Methodology and limitations
Showing collateral exposure for WSTUSR 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.
These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for WSTUSR as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol
Chain
Morpho V1
Ethereum
wstUSR0x1202f5c7b4b9e47a1a484e8b270be34dbbc75055
$310.74
$19.85m
Morpho V1
Base
wstUSR0xb67675158b412d53fe6b68946483ba920b135ba1
$4.06
$6.51
Morpho V1
Arbitrum
wstUSR0x66cfbd79257dc5217903a36293120282548e2254
$1.93
$563.86
Euler V2
Ethereum
wstUSR0x1202f5c7b4b9e47a1a484e8b270be34dbbc75055
$0
$14,114
Fluid
Ethereum
wstUSR0x1202f5c7b4b9e47a1a484e8b270be34dbbc75055
$0
$5.95
Fluid
Base
wstUSR0xb67675158b412d53fe6b68946483ba920b135ba1
$0
$0.038
Fluid
Arbitrum
wstUSR0x66cfbd79257dc5217903a36293120282548e2254
$0
$0.24
Fluid
Plasma
wstUSR0x2a52b289ba68bbd02676640aa9f605700c9e5699
$0
$0.041
Venus Flux
BSC
wstUSR0x4254813524695def4163a169e901f3d7a1a55429
$0
$0.7
Risk Timeline
Risk-management actions published about WSTUSR by tracked risk managers and governance contributors, newest first.
wstUSR, the senior tranche of Resolv, was used as collateral in multiple lending markets like Morpho, where post-exploit auto-allocations by risk curators routed over $6M in fresh USDC into already impaired positions, amplifying losses.
wstUSR has seen no activity in the last 60 days, with total supply at zero, indicating low demand that justifies offboarding to avoid maintaining unused vaults.
wstUSR is being onboarded to the new Euler Yield market on Arbitrum to enable capital-efficient stablecoin looping for delta-neutral yield strategies. This supports participation in Arbitrum's 80M ARB DRIP incentive program, which emphasizes stablecoin looping, with risk parameters to be set by Gauntlet and Objective Labs.
Recommended onboarding to Aave V3 Core contingent on a formal bug bounty program for the underlying USR, aligning with security enhancements now in place.
wstUSR, the non-rebasing version of stUSR, maintains value through staking rewards backed by RLP insurance against counterparty, market, and liquidity risks, with a 118.30% collateralization ratio providing consistent protection. Liquidity is concentrated on Pendle ($34.1M TVL) and Spectra, with instant unstaking to USR ensuring depth for onboarding as collateral in a dedicated stablecoins e-mode alongside USDC, USDT, and GHO.
wstUSR is the wrapped, staked version of USR stablecoin, backed by a delta-neutral ETH-denominated strategy using hedging to mitigate price fluctuations, similar to Ethena's approach. With 42.65% of USR already staked and generating rewards from the collateral pool (primarily wstETH and stables), it meets liquidity and compatibility thresholds for onboarding as collateral in the USR Stablecoins eMode.
MEV Capital's new USD0 vault includes wstUSR as collateral for USD0 borrowing, selected for its staked yield potential in risk-managed, market-neutral positions on Morpho.
wstUSR is the wrapped staked version of USR, Resolv's stablecoin backed by a delta-neutral ETH-denominated strategy with hedging similar to Ethena to mitigate price fluctuations. It provides 7.12% returns to holders from the collateral pool's 5.69% yield, and 42.65% of USR is already staked, supporting its integration as collateral in DeFi protocols like Aave.
wstUSR is included as collateral for USR borrowing in the vault with a high 91.5% LLTV and 30M USR supply cap, leveraging a dedicated wstUSR price oracle for safe exposure to Resolv's USR markets.