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Buffer Pool Weekly Report: Apr. 21 - 27

30 Apr, 20262 min read
cmETHmETHmETH Protocol
Buffer Pool Weekly Report: Apr. 21 - 27

mETH Protocol maintains its Buffer Pool as a core component of its liquidity architecture. Aave functions as its liquid backstop, and due to the events of last week, mETH Protocol paused all minting, redemptions, OFT bridging, and cmETH transfers as a precautionary measure.

Last week, protocol improvements were implemented in immediate response, including but not limited to DVN configuration review, automated liquidity safeguards, and incident communication channels enhanced. ETH allocated to the Buffer Pool carried no rsETH exposure, and the impact was limited to a temporary constraint in withdrawal capacity.

All user funds remain safe and secure, and at this time, minting and redemptions for both mETH and cmETH are now back live across all supported chains, following our temporary pause.

From Apr. 21 to Apr. 27, the Buffer Pool recorded a net outflow of 7,510 ETH. On the validator side, 0 validator requests were created this week, and 1,871 validators exited the waiting queue.

Apr. 21 - Apr. 27: Key Takeaways

  • Outflow of 7,510 ETH
  • On the validator side, 0 validator requests were created this week
  • 1,871 validators exited the waiting queue.
  • A current pool of 87,641 is available for users to perform fast mETH withdrawals.
  • HeadRoom measures liquidity relative to our buffer size, and is calculated using the following formula: Aave Available Liquidity / Buffer Size. As available Aave liquidity is currently 0, our HeadRoom sits in a similar position.

Last Week's Breakdown

  • 21 Apr: 0 outflow, due to pause on Aave
  • 22 Apr: 0 outflow, due to pause on Aave
  • 23 Apr: 0 outflow, due to pause on Aave
  • 24 Apr: ~4508 mETH outflow, 16 transactions
  • 25 Apr: ~9554 mETH outflow, 17 transactions
  • 26 Apr: ~638 mETH outflow, 14 transactions
  • 27 Apr: ~25003 mETH outflow, 11 transactions

About Our Buffer Pool Upgrade:

The Buffer Pool upgrade allocates ~20% of protocol TVL to Aave as ETH supply, earning interest in addition to native ETH staking yield. This design uses Aave as a liquid backstop for the Buffer Pool, supporting efficient mETH-to-ETH redemptions, typically within ~24 hours under normal conditions.

Track our transparency dashboard here.