About uETH

uETH is a decentralized, over-collateralized cryptocurrency designed to unify fragmented ETH liquidity into a single, powerful asset. Inspired by the MakerDAO CDP (Collateralized Debt Position) model, uETH allows users to pledge ETH and its derivatives (LSTs/LRTs) as collateral to mint a stable, ETH-pegged token. By maintaining a 1:1 soft peg to ETH, uETH simplifies liquidity management while unlocking yield opportunities across DeFi ecosystems.

Key features

• Unified Liquidity: Combines ETH and its derivatives into one simplified asset, reducing complexity for users.

• Yield-Driven: Enables users to earn staking rewards, protocol incentives, and ecosystem yields while holding uETH.

• Security & Stability: Backed by over-collateralized ETH and derivatives, with mechanisms to minimize risk and ensure reliability.

• Future-Proof Design: Positioned as the cornerstone of Ethereum liquidity, with ongoing developments to expand its ecosystem and adoption.

WIP

uETH is currently under active development as a key component of the Elara ecosystem. As we finalize its design and stability mechanisms, we are committed to rigorous testing and optimization to ensure seamless user experience and security. Once launched, uETH will serve as a transformative asset in DeFi, driving mass adoption and enhancing the scalability of ETH derivatives.

By leveraging the foundational infrastructure of ElaraLend, uETH will unlock a new era of capital efficiency and liquidity for Ethereum’s $400B+ market.