Fuse Kickstarts A New Incentives Campaign with Meridian Lend

In a move to introduce more ways for FUSE users to optimize yields, diversify their DeFi strategies and extract more from their holdings, Fuse is introducing wstETH (Wrapped stETH) in collaboration with Meridian Finance. We’re thrilled about this move, which will broaden the utility of staked assets on both Meridian Lend and Voltage Finance.

What is wstETH?

wstETH is the wrapped version of stETH, a token that represents staked Ether on the Lido platform. Unlike stETH, wstETH doesn’t rebase; instead, its value appreciates relative to stETH as staking rewards accumulate. This makes it particularly suitable for DeFi protocols, as it ensures stability while earning staking rewards.

FUSE users can now supply wstETH as collateral on Meridian Lend to unlock liquidity, access additional yield opportunities, and earn beyond the 3.2% APR native to wstETH holders.

New Incentives Campaign: Earn FUSE Rewards

To celebrate the integration and drive adoption, Fuse and Meridian Lend are launching a two-week FUSE incentives campaign. Users can earn rewards for supplying or borrowing on the following markets:

• USDM
• sFUSE
• wstETH [BOOSTED]
• USDT

Whether you’re providing liquidity or borrowing assets, this is a prime opportunity to participate in an incentivized DeFi ecosystem while benefiting from Fuse’s seamless infrastructure.

Bridge to Fuse with Ease

If you’re new to the Fuse network or need to bring assets over, the Fuse Console Bridge, powered by LayerZero, offers a frictionless experience. This bridge ensures that onboarding is quick and reliable, allowing users to connect with the ecosystem in just a few steps.

Powerful DeFi Strategies at Your Fingertips

By combining Meridian Lend with VoltageSwap, users can tap into strategies designed for both risk-averse and yield-maximizing approaches:

1. Maximizing ETH Yield: Supply wstETH, borrow ETH, swap for wstETH, and lend again to enhance returns on your ETH holdings.
2. Optimizing FUSE Returns: Supply sFUSE, borrow FUSE, stake it for more sFUSE, and repeat the cycle to boost yield.
3. Leveraged Long Positions: Borrow stablecoins to buy ETH or FUSE, capitalizing on anticipated price appreciation.
4. Leveraged Short Positions: Borrow ETH or FUSE, swap for stablecoins, and profit if the price drops.

How This Supports The FUSE DeFi Ecosystem

We’re confident this initiative will extend beyond simple rewards for our users as it helps us plug Fuse into the heart of DeFi and encourage capital efficiency, promote liquidity, and democratize access to advanced financial tools. For borrowers, it will reduce the barriers to accessing liquidity; and for lenders, it will enhance the potential to generate returns.

Our priority remains encouraging sustainable DeFi growth while empowering FUSE users to actively participate in our ecosystem and reward engagement. wstETH is versatile and high-performing asset, which aligns with our broader goals for Fuse to provide web3 payment solutions that are inclusive, scalable, and future-proof.

1. Get started with Meridian Lend today
2. Bridge your assets to Fuse
3. Explore the potential of wstETH and FUSE strategies

By combining forces, Meridian Lend and Fuse are setting new standards in decentralized finance—making DeFi smarter, more accessible, and more rewarding for everyone.

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About Meridian

Meridian is building a suite of decentralized financial services non-custodial, including stablecoin, lending, exchange and trading services all within one unified and user-friendly application.

The Meridian ecosystem aims to empower users with the tools and flexibility to navigate the decentralized financial landscape with confidence and efficiency.

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