Add ETH to the asset registry
Aquarius governance proposal to whitelist ETH, an Ultra Capital-issued stablecoin backed 1:1 by Ether deposits and providing 2.7% APY yield. The token has accumulated 6.3M+ trades and 15,958 trustlines on Stellar. Whitelisting enables protocol integrations.
Aquarius governance has proposed whitelisting ETH, a yield-bearing stablecoin issued by Ultra Capital on the Stellar network. Backed 1:1 by Ether deposits, the token provides 2.7% APY, delivering yield directly to depositors while maintaining price stability at approximately $1,574.
Since launch 1,893 days ago, ETH has achieved significant adoption on Stellar: 15,958 trustlines with 3,025 funded addresses and 6.3M+ completed trades. The token holds an 8 out of 10 rating on Stellar Expert, reflecting its maturity and security profile. This track record demonstrates Ultra Capital's credibility as an issuer.
Approval would enable ETH to integrate directly into Aquarius's DeFi infrastructure, including trading pairs, collateral options for lending, and liquidity pools. The asset broadens Aquarius's suite of yield-generating instruments available to protocol users.
Ultra Capital is an asset manager that issues yield-generating tokens on the Stellar network, enabling users to earn interest on cryptocurrency holdings; the yETH token is backed 1:1 by Ether deposits and currently provides 2.7% APY yield.
