$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 , or by directly accessing the 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 .
A user cannot borrow both pETH and PUSd from the same vault.
Learn how to borrow pETH in our guide.
