weETH Now Available as Full Collateral on SparkLend
weETH Now Available as Full Collateral on SparkLend
🔓 weETH Breaks Free
SparkLend has expanded weETH functionality beyond stablecoin borrowing. Users can now:
- Use weETH as full collateral (no longer in isolation mode)
- Borrow stablecoins, ETH, and other supported assets
- Access increased borrowing capacity at scale
The update follows a MakerDAO approved proposal, enabling broader lending options with transparent rates on the SparkLend platform.
Visit app.spark.fi/borrow to start using weETH as collateral.
🚨 BIG news weETH can now be used to borrow stables, ETH, and other crypto on @sparkdotfi!
weETH can now be fully used as collateral to borrow other assets beyond stablecoins on SparkLend! • Supply @ether_fi’s weETH. • Borrow stablecoins, ETH, or any other available asset you want. No longer in isolation mode. Greater capacity to borrow, at scale.
EigenLayer Introduces Slashing Mechanism for Restaking
EigenLayer is implementing a slashing mechanism for its restaking protocol. Key updates: - No immediate slashing risk for eETH users; explicit opt-in required - Implementation includes: * Deep-dive risk analysis for each AVS * 14-day community review period * Advance notice through multiple channels Slashing mechanics: - Not automatic - Risk isolated to individual operator stakes - AVS-specific slashing logic - Careful operator monitoring Chaos Labs is conducting security analysis to enhance risk controls. [Full details](https://governance.ether.fi/t/chaos-labs-eigenlayer-eeth-security-upgrade-risk-analysis/2906)
Uniswap Launches weETH Incentives Program on Unichain
Uniswap has activated weETH incentives on Unichain, offering $20,000 in daily UNI tokens to weETH depositors. This initiative is part of a broader 3-month campaign by Gauntlet to enhance liquidity across Unichain. Key details: - Program launched April 15, 2025 - Daily rewards: $20,000 in UNI tokens - Duration: 3 months - Covers 12 key pools - Rewards distributed through Merkl Depositors can participate via the [Uniswap pool interface](https://app.uniswap.org/explore/pools/unichain)
Babylon Claims Site Relaunched - Wallet Relinking Required
The Babylon claims site has been relaunched with allocation fixes for eBTC holders. **Important updates**: - All users must relink their wallets, even if previously connected - Connect Ethereum wallet that interacted with Ether.fi first - Connect Babylon-compatible Cosmos wallet to receive $BABY tokens - 90-day claim period starting April 10th, 2025 - New genesis wallets face 24-hour waiting period **Distribution details**: - LBTC & eBTC earn points at 1:1 ratio - eBTC qualifies for 33% of Lombard Finance $BABY allocation - Minimum cutoff: 29 $BABY - Tokens distributed in daily batches [Check eligibility here](https://claim.ether.fi)
LiquidBeraBTC and LiquidBeraETH Vaults Launch Reward Program on Berachain
LiquidBeraBTC and LiquidBeraETH vaults are implementing a new reward system through Berachain's Proof of Liquidity: - Automatic rewards for vault depositors begin this week - Rewards sourced from weETH and eBTC liquidity pools - 2% management fee introduced April 2nd - Fee proceeds used to bribe pools and generate user rewards - Expected returns to exceed fee costs Vault features: - Multiple reward streams (Berachain, KodiakFi, Dolomite.io) - Auto-compounding yields - 90-day lock period post mainnet launch - Supports deposits in weETH, WETH, stETH, eBTC, wBTC, cbBTC, LBT