Enable mstETH/wstETH (0.25% fee tier) ALM gauge from DefiEdge on Arbitrum


Proposal to enable mstETH/wstETH (0.25% fee tier) ALM gauge from DefiEdge on Arbitrum



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. mstETH is fungible, and moving forward, users would be able to trade mstETH for wstETH and vice versa via PancakeSwap on Arbitrum.

With the goal of building robust liquidity for the mstETH-wstETH pair on Arbitrum, Eigenpie commits to incentivizing the pair through the Cakepie Voting Market. Eigenpie plans to distribute incentives to voters who support the pool each epoch, aiming to maintain a competitive APR for mstETH-wstETH liquidity providers on Arbitrum and encouraging long-term participation. As part of the Magpie Ecosystem, Eigenpie looks forward to leveraging the services provided by PancakeSwap and Cakepie, promoting sustainable growth for all parties involved.


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

  2. Audits:

  • Blocksec:
  • PeckShield:
  • AstraSec:
  1. 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.

  2. Volatility: Not depegged

  3. Oracles: No

  4. 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

2/4 Multisig

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

  2. Vault Strategy (for Position Managers only): What strategy does the vault use? Broadly, how does it work? Please share documentation if possible

DefiEdge has its own ALO strategy, which is a highly efficient automated rebalancing strategy. These strategies feature automated rebalancing and are based on multiple parameters, such as price, ratio, and volatility. The strategy aims to maintain a 50-50 asset ratio and we have created multiple ranges that also enable the buying and selling of assets.


Token address: mstETH

Liquidity pool address: 0xb9F9C2c31C3d00DD0EB987c818b4078F786d6F6E





X: ​

Eigenpie Twitter

DefiEdge Twitter

Telegram: @eigenpiexyz_official




Github: Not public

Any other relevant links:

Eigenpie Blog

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Position manager vault address:


mstETH/wstETH (0.05% fee tier) ALM gauge from DefiEdge on Arbitrum

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Thank you for your application! The Kitchen has enabled the mstETH/wstETH (0.05% fee tier) ALM gauge from DefiEdge on Arbitrum with 1x boost multiplier and 2% emissions cap.

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