Instadapp

Summary:

This proposal outlines strategic expansions concerning Ether.fi’s Ether (eETH) integration within Fluid.

Code Changes:

• Vault Protocol Updates:

  • Increase Borrowing Limit for weETH/wstETH Vault:
    • Current Borrowing Limit: 10k
    • New Borrowing Limit: Variable (85% of wstETH total supply)
  • Update Supply Rate Magnifier for wstETH/USDC Vault:
    • Current Supply Rate Magnifier: 1x
    • Proposed Supply Rate Magnifier: 0.8x
  • Update Supply Rate Magnifier for wstETH/USDT Vault:
    • Current Supply Rate Magnifier: 1x
    • Proposed Supply Rate Magnifier: 0.8x
  • Pause ETH Rewards on ETH/USDC and ETH/USDT vaults

• Liquidity Layer Adjustments:

  • Proposed wstETH Rate Curve:
    • Utilization 0%: 0% Rate
    • Utilization 70%: 20% Rate
    • Utilization 90%: 40% Rate
    • Utilization 100%: 150% Rate
  • Update Fee for wstETH Market:
    • Proposed Fee: 10%
  • Proposed Rate Curve for ETH Market:
    • Utilization 0%: 0% Rate
    • Utilization 70%: 15% Rate
    • Utilization 90%: 25% Rate
    • Utilization 100%: 150% Rate
  • Update Fee for wstETH Market:
    • Proposed Fee: 0%

• Lending Protocol Changes:

  • Enable wstETH on the Lending Protocol
    • Set Base Withdraw Limit: 4000 wstETH
    • Expand Percentage: 25%
    • Expand Duration: 12 hrs

Description:

This proposal strategically aligns Fluid with Ether.fi, enabling users to amplify Ether.fi points accumulation by 2.5x and benefit from increased APRs. By updating the Supply Rate Curve, Fluid aims to increase revenue and improve APRs for both lenders and borrowers. The proposal deepens integration with the weETH market, variable borrowing limits to further adjust with demands. This proposal also enables wstETH on the lending protocol, and implemennts rate curve adjustments.

Conclusion:

This proposal deepens Instadapp integration Ether.fi and implements the following changes:

• Exclusive integration with Ether.fi and points boost to 2.5x
• Updates to the Supply Rate Curves for ETH, wstETH
• Updating the weETH/wstETH Borrowing Limits to Variable Limits
• Enabling wstETH on the lending protocol and implementing rate curve adjustments
• Pause ETH rewards

Forum Link: Strategic Expansion of Ether.fi’s weETH on Fluid and Related Market Updates