Primary Market Rates
Last updated
Last updated
This article is for trading firms looking to provide liquidity and arbitrage the mETH primary market and secondary market prices.
Considered the "fair" or "midpoint" rate for mETH to ETH conversions.
staking.totalcontrolledETH https://etherscan.io/address/0xe3cBd06D7dadB3F4e6557bAb7EdD924CD1489E8f#readProxyContract#F30
meth.totalSupply https://etherscan.io/address/0xd5F7838F5C461fefF7FE49ea5ebaF7728bB0ADfa#readProxyContract#F16
staking.ExchangeAdjustmentRate https://etherscan.io/address/0xe3cBd06D7dadB3F4e6557bAb7EdD924CD1489E8f#readProxyContract#F11 Note this is calculated in bps, at the current rate of 4bps, this can be applied by * 0.9996.
Query: staking.ethtoMETH () https://etherscan.io/address/0xe3cBd06D7dadB3F4e6557bAb7EdD924CD1489E8f#readProxyContract#F10
Near instant (next Ethereum block).
Unlimited (up to the global maximum meth.totalSupply).
Query: staking.mETHToETH https://etherscan.io/address/0xe3cBd06D7dadB3F4e6557bAb7EdD924CD1489E8f#readProxyContract#F19
Generally requires 1-6 days, see Unstake Lifecycle.
Unlimited (amount of mETH in your custody).
The mETH-to-ETH rate will generally increase by the average ~4% annualized (see market reference: https://www.validatorqueue.com/).
This rate can decrease if there is a slashing event, see Slashing Event Handling.
This rate can be boosted if mETH Protocol has outsized MEV rewards, or boosted native yield campaigns via the staking.Topup mechanic.