rstETH is a liquid restaking token (LRT) representing restaked Ethereum, deployed at address 0x7a4effd87c2f3c55ca251080b1343b605f327e3a on Base. While exact issuer details and current market pricing are not provided in the available data, the token’s symbol and its active presence in Pendle markets on Ethereum mainnet confirm its role as a yield-bearing restaking derivative.
Historical Pendle data shows the token has been used in yield tokenization strategies with implied APYs ranging from roughly 0.12% to 3.58% across multiple maturity dates, indicating active participation in the restaking yield market. As an LRT, it likely provides exposure to both staking and restaking rewards while maintaining liquidity for DeFi strategies, though Base-specific liquidity and tracking remain unconfirmed by the current inputs.