# Staked ETH 15x Smart Loop (wstETH15x)

<figure><img src="https://2404196717-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MJY-enmfAw5ra2s-8QX%2Fuploads%2FNG8C3UNM7l62Jvc12ki4%2FwstETH15x-blog-card-3d.png?alt=media&#x26;token=c571850e-689a-4689-8fc9-0dd7a4378209" alt=""><figcaption></figcaption></figure>

### Overview <a href="#where-can-i-buy-dpi" id="where-can-i-buy-dpi"></a>

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

<details>

<summary>Technical Implementation</summary>

* Token Contract: [0xc8DF827157AdAf693FCb0c6f305610C28De739FD](https://basescan.org/address/0xc8df827157adaf693fcb0c6f305610c28de739fd)
* Protocol: [Index Protocol V1](https://docs.indexcoop.com/index-coop-community-handbook/protocol/index-protocol) (Base)&#x20;
* Smart Contract Apparatus:

| Contract                                                                                                   | Description                                                                                                   |
| ---------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------- |
| [BaseManagerV2](https://basescan.org/address/0x369a817FB05c730724Be9B3cA84e1256Ca3D1C9d)                   | used to operate, rebalance, and update contracts connected to the product; product-specific contract          |
| [MorphoLeverageModule](https://basescan.org/address/0x9534b6EC541aD182FBEE2B0B01D1e4404765b8d7)            | used to initiate and manage collateralized debt positions in Morpho Blue; protocol-wide contract              |
| [MorphoLeverageStrategyExtension](https://basescan.org/address/0x36873e6b93Cf7A8f4B03e21cE7B32a10ac02C50B) | connects the product to the Morpho Leverage Module and stores methodology settings; product-specific contract |
| [DebtIssuanceModuleV3](https://basescan.org/address/0xa30e87311407ddcf1741901a8f359b6005252f22)            | used to issue and redeem units of the product token; protocol-wide contract                                   |
| [StreamingFeeModule](https://basescan.org/address/0x4580dbe79b8fcb1282eb43113536d62e882fc044)              | used to charge and update fees on the product; protocol-wide contract                                         |
| [FeeSplitExtension](https://basescan.org/address/0x5c491536defe7f11ed489994815d6d35c1fdd0c7)               | connects the product to the Streaming Fee Module; product-specific contract                                   |

</details>

### Contact Us

Drop into the [**Index Coop Discord Server**](https://discord.com/invite/indexcoop) - this is the fastest way to have a real person answer any questions you have!


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