ARM-WETH-stETH is a tokenized position at address 0x85b78aca6deae198fbf201c82daf6ca21942acc6 that represents a combined WETH and stETH liquidity exposure. The token currently serves as the underlying asset for two Pendle markets, with maturities scheduled for December 2025 and June 2026. These markets report a combined TVL of approximately $220,000 and implied APYs between 3.7% and 4.4%, operating under a "cheap PT" regime.
Basic metadata such as token decimals and current USD price are not yet confirmed in the available data. The token does not appear in Aerodrome pools or governance vote markets, indicating its primary function is tied to Pendle’s yield-tokenization framework rather than broader DEX liquidity or voting mechanisms. As a Pendle market instrument, it enables the separation and trading of principal and yield components for a WETH/stETH position.