rETH is the new wETH

Bighands
1 min readApr 18, 2021

Think about it…

Let’s pretend you’re a developer in Defi. You want your dapp to earn users the maximum amount of money possible right!? Well all you have to do it swap out the wETH deposit() function for the rETH deposit() function and you just added 5% to your applications profitability on top of whatever you were going to do.

Quick fire info

Unlike aETH, rETH has a fixed balances which makes this almost as simple as wETH is to implement.

wETH current supply is 7,168,842 Ξ, like 99% of this is being used to make money in Defi… it’s a match made in heaven for rETH

If Bitcoin is sound money because it has no inflation and if Ether is ultra sound money because its deflationary then rETH is EltroUltroMoochoSound money because its deflationary and earns the most stable/reliable yield in the market (Issuance and fee tips).

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