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