This forum post is to discuss the upcoming proposal for addition of wstETH to Real Yield ETH. RYETH primarily earns yield through a combination of leveraged staking (cbETH and rETH on Aave V3, stETH on Aave V2) and LPing on Uniswap V3.
Wrapped Staked ETH (wstETH) is currently supported by E-mode on Aave V3 making it a highly attractive source of ETH yield. When RYETH was launched, there was no support for wstETH as an asset due to the lack of a Chainlink price feed.
Since then, a workaround solution has been developed to support pricing wstETH as an asset in the Cellars V2 architecture. The solution essentially reads the wstETH / stETH conversion rate directly from the contract, then gets the stETH / ETH chainlink price, and composes to two to get a wstETH / ETH price.
If the text proposal is accepted, a Steward update will enable wstETH to be added to Real Yield ETH’s set of usable assets