ETH0 has officially launched on the Usual dApp. It's a new synthetic ETH asset, backed 1:1 by Lido’s wstETH, designed to outperform staking and restaking with the highest native APY, fully liquid, composable, and with zero lockups. Users can mint ETH0 directly from any asset asset.

The current Genesis phase is capped at 20,000 ETH ($45M). Once filled, the cap closes, and new phases may follow.

ETH0 is built for capital-efficient ETH exposure: fully redeemable, instantly earning, and seamlessly integrated into the Usual ecosystem.

dApp Enhancements

• Swap Module: ETH0 is now available on the swap page, with routing guidance and cap tracker.

• Assets Panel: Real-time ETH0 stats including APY, TVL, and collateral ratio are now visible.

• Earn Page: ETH0 positions are tracked and USUAL rewards are claimable directly from the dApp.

• FAQ Section: Expanded to include ETH0 mechanics and use cases.

• ParaSwap Integration: Added prompts to favor ETH/wETH/stETH/wstETH routes for optimal 1:1 minting.

• Bug Fix: Resolved issue with USD0++ balances including USUALx erroneously on the Claim module.

• TVL Endpoints: Deployed new endpoints for real-time ETH0 and USD0 tracking.