[Gauntlet] - Adding weETH to OP/BASE Comets
Simple Summary
Gauntlet recommends the following parameters for weETH:
| Asset | Comet | Collateral Factor | Liquidation Factor | Liquidation Penalty | Supply Cap |
|---|---|---|---|---|---|
| weETH | OP WETH | 90% | 93% | 4% | 400 |
| weETH | BASE WETH | 90% | 93% | 4% | 2,100 |
Analysis
The CF/LF/LP parameter recommendations for WETH Comets on the weETH platform were detailed in the accompanying forum post.
BASE Chain
| Dex Category | Pool address | TVL(mil) |
|---|---|---|
| aerodrome-base | 0x91f0f34916ca4e2cce120116774b0e4fa0cdcaa8 | 6.17 |
| uniswap-v3-base | 0xb1419a7f9e8c6e434b1d05377e0dbc4154e3de78 | 2.48 |
| balancer-v2-base | 0xab99a3e856deb448ed99713dfce62f937e2d4d74 | 0.58 |
| aerodrome-base | 0xc5adfb267a95df1233a2b5f7f48041e7fb384bca | 0.11 |
| aerodrome-slipstream | 0xbd3cd0d9d429b41f0a2e1c026552bd598294d5e0 | 0.08 |
The weETH BASE DEX total value locked (TVL) amounts to $9.42M.
OP Chain
Clarify with the community that the active weETH contract is 0x5A7fACB970D094B6C7FF1df0eA68D99E6e73CBFF as mentioned in Etherfi’s deployed contract documentation. weETH is able to be swapped via a DEX beethoven that does not appear in the below table.
| Dex Category | Pool address | TVL(mil) |
|---|---|---|
| velodrome-finance-v2 | 0x5b70eb1d273da41c40316bf7d3baf7fdfae6abd2 | 0.91 |
| velodrome-finance-v2 | 0xd0f92f5d756bf223574dfa3ef284a35c3c046289 | 0.05 |
weETH OP DEX TVL liquidity totals $960k.