Support weETHs collateral on Venus on ETH Mainnet

Summary

Ether.fi is seeking community support for adding its Liquid Restaking Tokens (weETHs) to Venus Protocol on ETH Mainnet. In addition, anyone who deposits weETHs on Venus will accumulate ETH staking rewards alongside ether.fi and Symbiotic points to be used for future incentives.

The Super Symbiotic LRT is intended to provide ether.fi customers an easy onboarding into the Symbiotic ecosystem. Symbiotic is a shared security protocol that serves as a thin coordination layer, empowering network builders to control and adapt their own (re)staking implementation in a permissionless manner. Unlike other LRTs, users have numerous deposit options including WETH, eETH, weETH, wstETH, cbETH, bETH, rETH, mETH, swETH, etc. These assets will be directly restaked on Symbiotic each time the deposit caps are raised.

weETHs is an LRT that allows users to stake their ETH, accrue staking rewards, and receive additional rewards through native restaking on Symbiotic. As of July 26th, approximately 2,026,755 ETH ($6.4B) in TVL has been deposited into the ether.fi protocol with 140,000 ETH ($450M) dedicated to the weETHs symbiotic vault.

Complete proposal details available below.