Re7 Labs will submit a cap of 2,500 WETH to Re7WETH on February 27th for the ezETH (86%) market to continue to expand the vault allocation to Liquid Restaking Tokens.
Rationale
Liquid Restaking Tokens continue to see high demand as a collateral asset for leveraged farming. Since inception the weETH market has consistently been near full utilization and supply yield has stayed high.
Adding ezETH to the Re7 WETH vault will allow for more diversified LRT exposure and continue to maintain high yield with borrow demand from ezETH holders. Renzo has also pledged $45k USDC of incentives to bootstrap supply liquidity.
The market will launch with an initial supply cap of 2,500 ETH considering ample ezETH liquidity on the secondary market.
Market Parameters
Loan token: WETH - 0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2
Collateral token: ezETH 0xbf5495Efe5DB9ce00f80364C8B423567e58d2110
Oracle: Morpho Chainlink - 0x61025e2B0122ac8bE4e37365A4003d87ad888Cc3
IRM: Adaptive Curve IRM - 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
LLTV: 86%
Listing parameters
SupplyCap: 2,500 WETH