Overview

$demETH is Demether's liquid restaking token, minted using Ether as collateral.

Launching in late 2024

Utility

demETH is an omnichain liquid restaking token, leveraging cutting edge technology to enable the restaking of Ether into ecosystems demanding access to economic security.

The token's primary differentiation is enhanced yield above and beyond other 'vanilla' liquid restaking tokens in two ways:

1. Emissions: The initial yield enhancement for demETH will come from an emission-based loyalty boost. When demETH is held in a wallet on a partner chain, the tokens are uniquely eligible to receive a loyalty yield boost in the form of $GRAIN token emissions, claimable on a weekly basis.

2. Modular yield enhancements: We plan to upgrade demETH progressively to enhance its yield generation.

Ecosystem effect

Users can expect that Demether will deliver greater token utility through a growing number of integrations into DeFi protocols and wallets. The Demether Foundation will pass through any economic incentives that are offered by partners to further enhance returns for users. Improved liquidity is a secondary benefit.

Seamless interoperability

Finally, the token is intended to be seamlessly transferable between any chain ecosystems that Demether operates on using LayerZero technology. Tokens can be behave as those they are native to the underlying chain ecosystem based on LayerZero's chain abstraction token standard and bridging technology.

Minting

Users can mint demETH by depositing Ether or a liquid restaking token on the Arbitrum and Ethereum networks in order to receive their demETH token on participating partner chain.

Initially, Demether will support minting with Staked Frax Ether (sfrxETH) but we aim to expand the range of input LSTs over time with additional partners to be announced shortly.