# wstETH/WETH with exchange rate oracle - market listing

**URL:** <https://forum.morpho.org/t/wsteth-weth-with-exchange-rate-oracle-market-listing/526>\
**Category:** BlockAnalitica & B.Protocol\
**Created:** [March 19, 2024, 10:28am UTC](https://forum.morpho.org/t/wsteth-weth-with-exchange-rate-oracle-market-listing/526 "2024-03-19T10:28:39Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Ekatch](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/ekatch/32/172_2.png) [@Ekatch](https://forum.morpho.org/u/Ekatch)\
**Post date:** [March 19, 2024, 10:28am UTC](https://forum.morpho.org/t/wsteth-weth-with-exchange-rate-oracle-market-listing/526/1 "2024-03-19T10:28:39Z")

</div>

As the Flagship ETH continues to grow, Block Analitica & B.Protocol will submit a cap of 100k WETH to the bbETH Flagship vault for a new wstETH (94.5%) market with a new exchange rate price oracle. The listing transaction will be made in 2 days and the market will be live once the 4 day timelock ends.

## Rationale

Block Analitica wrote an elaborate analysis comparing the exchange rate to the secondary market price oracle for wstETH/ETH - [Analysis of Market Price vs Exchange Rate for wstETH](https://blockanalitica.substack.com/p/analysis-of-market-price-vs-exchange).

## Market Parameters

Loan token: WETH - [0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2](https://etherscan.io/address/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2)

Collateral token: wstETH - [0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0](https://etherscan.io/address/0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0)

Oracle: wstETH Exchange Rate - [0xbD60A6770b27E084E8617335ddE769241B0e71D8](https://etherscan.io/address/0xbD60A6770b27E084E8617335ddE769241B0e71D8)

IRM: Adaptive Curve IRM - [0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC](https://etherscan.io/address/0x870ac11d48b15db9a138cf899d20f13f79ba00bc#code)

LLTV: 94.5%

SupplyCap: 100k WETH

## LP Veto

As a reminder any LP that opposes a new supply cap being submitted can set a vote to veto the new cap following this [tutorial](https://forum.morpho.org/t/flagship-vault-guardian-voting-tutorial-for-lps/422) and using this [Snapshot space](https://snapshot.org/#/flagship-eth.morpho-guardian.eth) for the bbETH vault.

For live accurate data on Morpho Blue and MetaMorpho refer to our [dashboard](https://morpho.blockanalitica.com/).

For any questions or feedback feel free to get in touch with us here or on our social platforms.

Block Analitica - [Twitter](https://twitter.com/BlockAnalitica), [Medium](https://medium.com/block-analitica), [Website](https://blockanalitica.com/)

B.Protocol - [Twitter](https://twitter.com/bprotocoleth), [Discord](https://discord.com/invite/bJ4guuw), [Medium](https://medium.com/b-protocol), [Github](https://github.com/backstop-protocol)