Staked ETH 15x Smart Loop (wstETH15x)

Overview

wstETH15x is the first Smart Loop token from Index Coop. It multiplies the native staking yield of Lido‑wrapped stETH (wstETH) by running an automated 15× leverage loop on Morpho, then wraps the entire position in a single ERC‑20.

Initial Parameters:

• Underlying Asset: wstETH

• Borrow Asset: WETH

• DeFi Lending Protocol: Morpho

• Target Leverage Ratio: 15x

• Maximum Leverage Ratio: 16.3636x

• Minimum Leverage Ratio: 14.6965

• Rebalance Interval: LR <14.6965x or > 16.3636x

• Recentering Speed: 100%

Fees

0.75% Annual Streaming | 0.10% Mint | 0.10% Redeem

Technical Implementation

• Token Contract: 0xc8DF827157AdAf693FCb0c6f305610C28De739FD

• Protocol: Index Protocol V1 (Base)

• Smart Contract Apparatus:

Contract	Description
BaseManagerV2	used to operate, rebalance, and update contracts connected to the product; product-specific contract
MorphoLeverageModule	used to initiate and manage collateralized debt positions in Morpho Blue; protocol-wide contract
MorphoLeverageStrategyExtension	connects the product to the Morpho Leverage Module and stores methodology settings; product-specific contract
DebtIssuanceModuleV3	used to issue and redeem units of the product token; protocol-wide contract
StreamingFeeModule	used to charge and update fees on the product; protocol-wide contract
FeeSplitExtension	connects the product to the Streaming Fee Module; product-specific contract

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