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brrETH

brrETH is a yield-bearing ETH derivative built on Compound III's Base WETH market.

brrETH is easy to use and understand: deposit ETH, receive brrETH. Your brrETH can be redeemed at any time for the amount of ETH you originally deposited, plus any interest accrued.

There are no deposit or withdrawal fees, but we may take a reward fee (the amount varies, depending on the specific deployment).

NOTE: Compound III rounds down token balances during transfers, which may result in a ~1-2 wei (an extremely small amount) discrepancy when depositing ETH/cWETH or redeeming brrETH. This is a known issue, and has been communicated to the Compound Labs team, but is ultimately out of our control.

Installation

The steps below assume that the code repo has already been cloned and the reader has navigated to the root of the project directory.

  1. Install Foundry: https://book.getfoundry.sh/.
  2. Run forge i to install project dependencies.
  3. Run forge test --rpc-url https://mainnet.base.org to compile contracts and run tests.

Contract Deployments

Chain ID Chain Contract Contract Address Deployment Tx
8453 Base BrrETH.sol 0xf1288441F094d0D73bcA4E57dDd07829B34de681 BaseScan
8453 Base BrrETHRedeemHelper.sol 0x787417F293260E9800327ABFeE99874B108a6c5b BaseScan