# MIP-B10 - Onboard rETH as collateral on Base deployment

**URL:** <https://forum.moonwell.fi/t/mip-b10-onboard-reth-as-collateral-on-base-deployment/672>\
**Category:** Proposals\
**Tags:** base\
**Created:** [November 12, 2023, 6:16pm UTC](https://forum.moonwell.fi/t/mip-b10-onboard-reth-as-collateral-on-base-deployment/672 "2023-11-12T18:16:19Z")\
**Posts on this page:** 1\
**Showing post:** 4

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**Author:** ![WardenFinance](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/wardenfinance/32/427_2.png) [@WardenFinance](https://forum.moonwell.fi/u/WardenFinance)\
**Post date:** [November 20, 2023, 9:23pm UTC](https://forum.moonwell.fi/t/mip-b10-onboard-reth-as-collateral-on-base-deployment/672/4 "2023-11-20T21:23:01Z")

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rETH market is now activated [on Moonwell Base deployment](https://moonwell.fi/markets/supply/base/reth).

Reward rates for rETH have been updated to help bootstrap liquidity for the market.

| rETH Reward stream | Emissions per sec (before) | Emissions per sec (after) |
| --- | --- | --- |
| WELL Supply-side | 0 | 0.05705557463 |
| 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% |
| --- | --- | --- | --- | --- | --- |
| rETH Supply WELL APR | ∞% | 18.34% | 9.17% | 6.11% | 4.59% |

Rewards were shifted from ETH market towards rETH.

- ETH market utilization is standing at healthy levels from a risk perspective
- Reducing rewards by 0.057 WELL/second for ETH is less detrimental relative to other markets

| WELL allocation | cbETH | DAI | USDbC | USDC | ETH | wstETH | rETH |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Supply-side | 20.00% | 20.00% | 0.00% | 20.00% | 38.00% → 37.00% | 2.00% | 0.00% → 1.00% |
| Borrow-side | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |

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_[View the full topic](https://forum.moonwell.fi/t/mip-b10-onboard-reth-as-collateral-on-base-deployment/672)._