KweETH is a yield-bearing ETH derivative issued by Kwenta, deployed at 0x2dabcea55a12d73191aece59f508b191fb68adac. It functions as a liquid restaking token that tracks the price of ETH while accruing additional yield from Kwenta’s underlying vault strategies and restaking partnerships.
The token is actively utilized in Pendle markets, where it serves as the underlying asset for principal and yield tokenization. Recent market data shows substantial TVL and implied APYs in the 12–15% range, with Ether.Fi listed as a top yield token program, highlighting its role in yield optimization and DeFi composability.
While specific on-chain metadata like decimals and current USD price are not provided in the input, the token’s structure aligns with liquid restaking tokens designed for yield accrual and liquidity provision across lending and derivatives protocols.