$pETH
Borrow $pETH and swap to ETH or use it to get yield
Last updated
Borrow $pETH and swap to ETH or use it to get yield
Last updated
pETH is the Ether synthetic of JPEG'd. It is minted when a user borrows against their NFT and burned when they decide to repay their loan. Unlike the standard 2% interest rate for borrowing PUSd, the standard interest rate is 5% for borrowing pETH.
Like PUSd, pETH is overcollateralized by the value of the NFTs in JPEG'd vaults.
pETH can be swapped for ETH using the JPEG'd Swap, or by directly accessing the Curve factory pool.
It can be used to earn yield by providing liquidity in the Curve Factory pool. To learn how to get yield with pETH read our guide.
A user cannot borrow both pETH and PUSd from the same vault.
Learn how to borrow pETH in our borrowing guide.
