From Jan. 13 to Jan. 19, the Buffer Pool recorded a net outflow of 2,902 ETH. Liquidity conditions remained stable, supported by continued activity from the Bybit On-Chain Earn campaign, with cumulative mETH mints exceeding $264M+ since launch.
On the validator side, the operator transition progressed as planned. Delegation was successfully migrated to P2P, resulting in 1,694 new validators being created. An additional 1,654 validators remain in the activation queue, temporarily impacting reported APY due to rolling yield calculations. Staking yield is expected to normalize as the activation backlog clears over the coming ~20 days.
Jan. 13 - Jan. 19: Key Takeaways
- Outflow of 2,902 ETH
- 1,694 new validators were created from P2P
- Currently, Ethereum exit queue wait time is 0 minutes, which eliminates the pressure of exiting validators to replenish the fast withdrawal buffer
- A current pool of 64,919 ETH is available for users to perform fast mETH withdrawals
- HeadRoom measures liquidity relative to our buffer size, currently sitting comfortably at 12x
Last Week's Breakdown
- 13 Jan: ~64 mETH outflow, 3 transactions
- 14 Jan: ~698 mETH outflow, 9 transactions
- 15 Jan: ~415 mETH outflow, 10 transactions
- 16 Jan: ~696 mETH outflow, 9 transactions
- 17 Jan: ~938 mETH outflow, 2 transactions
- 18 Jan: ~ 251 mETH outflow, 8 transactions
- 19 Jan: ~1,000 mETH outflow, 3 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.