Reward rates for wstETH have been updated to help bootstrap liquidity for the market.
| wstETH Reward stream | Emissions per sec (before) | Emissions per sec (after) |
|---|---|---|
| WELL Supply-side | 0 | 0.1141111493 |
| WELL Borrow-side | 0 | 0 |
| USDC Supply-side | 0 | 0 |
| USDC Borrow-side | 0 | 0 |
| Total supply (%of supply cap) | 0% | 25% | 50% | 75% | 100% |
|---|---|---|---|---|---|
| wstETH Supply WELL APR | ∞% | 18.85% | 9.43% | 6.28% | 4.71% |
Rewards were shifted from ETH market towards wstETH.
- ETH market utilization is standing at healthy levels from a risk perspective
- Reducing rewards by 0.11 WELL/second for ETH is less detrimental relative to other markets
| WELL allocation | cbETH | DAI | USDbC | USDC | ETH | wstETH |
|---|---|---|---|---|---|---|
| Supply-side | 20.00% | 20.00% | 0.00% | 20.00% | 40.00% → 38.00% | 0.00% → 2.00% |
| Borrow-side | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |