# Enable mstETH-wstETH (0.05% fee tier) ALM gauge from CupcakeHop on ARB Chain

**URL:** <https://forum.pancakeswap.finance/t/enable-msteth-wsteth-0-05-fee-tier-alm-gauge-from-cupcakehop-on-arb-chain/1142>\
**Category:** Gauges\
**Created:** [February 24, 2025, 3:39pm UTC](https://forum.pancakeswap.finance/t/enable-msteth-wsteth-0-05-fee-tier-alm-gauge-from-cupcakehop-on-arb-chain/1142 "2025-02-24T15:39:52Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Cakepie](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.pancakeswap.finance/cakepie/32/32_2.png) [@Cakepie](https://forum.pancakeswap.finance/u/Cakepie)\
**Post date:** [February 24, 2025, 3:39pm UTC](https://forum.pancakeswap.finance/t/enable-msteth-wsteth-0-05-fee-tier-alm-gauge-from-cupcakehop-on-arb-chain/1142/1 "2025-02-24T15:39:52Z")

</div>

**Overview**  
Proposal to enable mstETH-wstETH (0.05% fee tier) ALM gauge from CupcakeHop on ARB Chain

**Background**

- mstETH is a liquid restaked version of Lido’s stETH token, developed by Eigenpie. Users have the option to liquid restake their stETH as mstETH through Eigenpie, enabling them to access the benefits of restaking and further enhance their passive income potential.
- wstETH is the wrapped, non-rebasing version of stETH, serving as its bridged form on Arbitrum. Lido Protocol lets users stake ETH with validators, earning rewards. Depositing ETH into Lido gives stETH, which rebases daily, while wstETH locks in value growth without rebasing.
- Cupcake Hop offers cross-chain vaults and portfolio management tools with AI-driven insights for smarter and sweeter investment decisions.

**Details**

- Boost Multiplier and Emission Cap %: 1.00x boost multiplier and 5% emission cap

**Audits** :

- [Eigenpie Audits](https://docs.eigenpiexyz.io/security/audit-reports)

**Token Utility** : mstETH (Magpie stETH) is minted when users restake stETH through Eigenpie. mstETH can be utilized in DeFi, allowing users to continue earning the underlying yield from stETH, as well as restaking rewards from Eigenpie.

**Volatility** : Not pegged asset

**Oracles** : No oracles used

**Control** : The private keys to the contract are controlled by the following 3/6 multisig (0xf433c2A2D6FACeCDd9Edd7B8cE9cEaaB96F41866), where transactions require validation from 3 out of 6 signers.

**Which address holds the private keys to the Position Manager vault contract?**  
If it’s a multisig, please indicate: X of Y signers needed for transactions  
Address: 0x05cC3CA6E768a68A7f86b09e3ceE754437bd5f12  
Signers: Needs 2/5 addresses to sign a transaction

**Merit** : By whitelisting the mstETH-wstETH ALM from CupcakeHop, PancakeSwap can potentially attract more TVL and generate trading fees while voters within the ecosystem can earn voting incentives.

**Vault Strategy (for Position Managers only):**  
**Strategy** : YieldIQ

The YieldIQ strategy is designed to accept only mstETH deposits, with the goal of deepening liquidity for the mstETH tokens. When users deposit mstETH, it is allocated to a V3 pool paired with wstETH. This liquidity is positioned below the market price of wstETH, passively buying and trading these tokens while keeping liquidity providers predominantly long on mstETH, as the vault maintains over 75% of its assets in mstETH. Detailed vault strategy can be found [here](https://docs.ichi.org/home/yieldiq-strategy).

**Links** :

- [mstETH Token Address](https://arbiscan.io/address/0xE367d4b1b9bB40e34aDCE448e1edb0141Fc6a8AC)
- [Liquidity Pool Address](https://pancakeswap.finance/info/v3/arb/pairs/0xb9f9c2c31c3d00dd0eb987c818b4078f786d6f6e)
- [Position Manager Strategy Address: mstETH-wstETH](https://arbiscan.io/address/0xA71DBBB0d4900538C4b20fFD579592D60f12Cc56)
- [Eigenpie Website](https://www.eigenlayer.magpiexyz.io/restake)
- [Cupcake Hop Website](https://www.cupcakehop.xyz/)

**Socials** :

- [Eigenpie X](https://x.com/Eigenpiexyz_io)
- [Eigenpie Telegram](https://t.me/Official_MagpieMegaDao/101124)
- [Cupcake Hop X](https://x.com/Cupcake_Hop)

**Documentation** :

- [Eigenpie Docs](https://docs.eigenpiexyz.io/)
- [Cupcake Hop Docs](https://docsend.com/view/jj96wxfvht3sr9pg)

**Github** :

- Eigenpie: Not public

Any other relevant links: [Eigenpie Blog](https://blog.eigenpiexyz.io/)