Minting and Redeeming

gETH will support the following tokens as collaterals:

  • wstETH

  • rETH

  • gmdETH

  • sfrxETH

  • WETH and ETH

  • and more potential LSDs can be considered as we continue to expand gETH

gETH can be minted and redeemed into and out of any of the afore-mentioned underlying collateral backing it.

Minting and Redeeming Fees

  • Minting and redeeming incurs a dynamic fee ranging from 0 to 35 bps (0–0.35%) depending on the target weight vs current weight of the collateral.

  • The dynamic fees will come into play to make sure the collateral ratio is correctly weighted according to their market cap and prevalence. If a collateral is too heavily weighted, the minting fees will be higher than those of under-weighted collaterals, and vice-versa.

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