Add weETHs as a supported collateral asset on Venus ETH Mainnet Core Pool

Motivation:

EtherFI is a major partner and weETHs (Symbiotic restaking) holds 600m$ TVL.

By adding weETHs to Venus, we will attract some of this TVL to Venus markets and it will increase our position among ETH lending protocols.

Benefits

• Venus users will be able to access and utilise weETHs for various yield and strategic opportunities.
• Venus Protocol can better associate itself with the EtherFI ecosystem.
• The addition of weETHs will support Venus’s growth on Ethereum.

About EtherFI Ether.fi (ETHFI) is an Ethereum-based decentralized staking protocol that empowers users to stake their ETH without entrusting it to a third party. By staking with Ether.fi , users receive corresponding liquid tokens that they can leverage across other DeFi protocols.

Current total value locked 8.85B$.

Contract Address:

weETHs: 0x917cee801a67f933f2e6b33fc0cd1ed2d5909d88