From Jan. 27 to Feb. 2, the Buffer Pool recorded a net inflow of 324 ETH. Liquidity conditions continue to remain stable, with strong user participation continuing from the Bybit On-Chain Earn side, with 146.7K+ mETH held in user-associated wallets as of Jan. 31st.
On the validator side, we created 1,146 new validators from P2P. An additional 955 validators are waiting in queue to be created, temporarily impacting reported APY due to rolling yield calculations. Staking yield is expected to normalize as the activation backlog clears in grouped batches over the next month.
Jan. 27 - Feb. 2: 3 Key Takeaways
- Inflow of 324 ETH
- We created 1,146 new validators from P2P
- Currently, 955 validators are waiting in the queue to be created
- A current pool of 69,690 ETH is available for users to perform fast mETH withdrawals.
- HeadRoom measures liquidity relative to our buffer size, currently sitting at 5x.
Last Week's Breakdown
- 27 Jan: ~77 mETH inflow, 13 transactions, migrated to Mantle: LSP Staking
- 28 Jan: ~104 mETH inflow, 17 transactions, migrated to Mantle: LSP Staking
- 29 Jan: ~128 mETH inflow, 16 transactions, migrated to Mantle: LSP Staking
- 30 Jan: ~528 mETH inflow, 33 transactions, migrated to Mantle: LSP Staking
- 31 Jan: ~671 mETH inflow, 34 transactions, migrated to Mantle: LSP Staking
- 1 Feb: ~1,681 mETH inflow, 22 transactions, migrated to Mantle: LSP Staking
- 2 Feb: ~5 mETH inflow, 19 transactions, migrated to Mantle: LSP Staking
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.