Summary

This proposal seeks to whitelist an Ether.fi aggregator and three weETH-specific silos on the Sturdy UI.

About Ether.fi

ether.fi is a decentralized, non-custodial liquid staking protocol built on Ethereum, allowing users to stake their ETH and participate in the DeFi ecosystem without losing liquidity. The protocols eETH is a liquid restaking token (weETH is the non-rebasing equivalent), serving as a representation of ETH staked on the Beacon Chain, which rebases daily to reflect the associated staking rewards. Users can deposit ETH into the liquidity pool on Ethereum Mainnet to mint eETH, hold eETH to accrue rewards, and use eETH within DeFi or swap it back to ETH at any time via the liquidity pool.

Silos

Silo 1

Network: Ethereum mainnet Lending/borrowing asset: WETH Collateral asset: weETH LTV: 90% Liquidation fee: 3%

Silo 2

Network: Ethereum mainnet Lending/borrowing asset: WETH Collateral asset: Pendle weETH (staked in Yearn) LTV: 85% Liquidation fee: 5%

Silo 3

Network: Mode Lending/borrowing asset: WETH Collateral asset: weETH LTV: 90% Liquidation fee: 3%

Aggregator

Network: Ethereum mainnet Lending asset: WETH Initial whitelisted silos: Pendle weETH, weETH