Osmosis allETHPrice

(ETH)

allETH(eth) is an 'Alloyed Asset' designed to unify fragmented liquidity by acting as a single, unified version of Ethereum on the network. It is backed by a basket of different bridged ETH variants, such as those from Axelar and Wormhole. The '(eth)' designation helps distinguish it from specific bridge tickers, ensuring it serves as the canonical representation of Ethereum within the platform's ecosystem.

You can convert various bridged versions of Ethereum into the unified allETH version at a 1:1 ratio with zero slippage. This is achieved through specialized contracts called Transmuter Pools. While the exchange interface typically handles this conversion automatically during deposits or trades, users can also manually access these pools to unify their assets without losing value to market fluctuations or incurring additional conversion fees.

Users should exercise extreme caution regarding 'allETH airdrops,' as many online guides are phishing attempts. Legitimate rewards for this asset are typically distributed as liquidity mining incentives for providing liquidity in specific pools on the platform. Always verify information through official channels and never enter your recovery phrase on unverified websites claiming to offer airdrop rewards.

Since allETH is backed by multiple bridged assets, it carries inherent bridge-related risks. However, the platform utilizes 'Static Limiters' to mitigate these concerns. This technical safeguard prevents any single bridged version from making up more than a certain percentage of the total alloy. If an underlying bridge is compromised, the potential loss is capped, preventing the entire pool from being drained and protecting the overall stability of the asset.

This change is the result of governance proposals that established allETH as the canonical version of Ethereum on the platform. The transition was implemented to resolve the problem of liquidity fragmentation, ensuring that all trading pools use the same unified version of the asset. This makes it significantly easier for users to trade and manage their holdings without needing to worry about which bridge was used to transfer the tokens.

Because allETH is a factory token native to its specific network, it cannot be withdrawn directly as a single unit to an ERC-20 wallet. To withdraw, navigate to the assets section and select the withdrawal option. You will be prompted to choose a specific bridge route. The system will then 'un-alloy' your tokens into the required bridged version before sending them to your compatible EVM or web3 wallet.