pETH is an invariant-based reserve token (ERC-8300) backed 1:1 by native ETH. Deterministic minting and redemption with full on-chain transparency.
0x017cFe7E298d48A23d521BB409Dbc23D14D2b016
pETH enforces strict accounting rules at the contract level so reserve backing is always provable, not promised.
Every pETH token is backed by native ETH held directly in the contract. No rehypothecation, no external dependencies.
Minting and redemption follow fixed invariant rules enforced on-chain. The math is the mechanism.
Contract source is verified and open. Anyone can audit the reserve balance and token supply at any time.
pETH operates through a straightforward lifecycle with no governance votes or off-chain decisions.
Send native ETH to the pETH contract on Base.
The contract mints pETH according to the deterministic invariant formula.
pETH is a standard ERC-20 token. Use it across the Base ecosystem.
Burn pETH to withdraw the underlying ETH from the contract reserve.
pETH is developed under ERC-8300, a formal standard proposal for invariant-first reserve receipt tokens currently under review.
Contract source, documentation, and technical specification.
Invariant-First Reserve Receipt Token standard proposal under review at ethereum/ERCs.
Open discussion thread for ERC-8300 specification feedback and community input.
Source code verified on BaseScan. Inspect the logic yourself.
Building transparent DeFi infrastructure on Base. Also developing post-quantum cryptography tooling for Bitcoin (PQ-PSBT-WALLET).
LinkedIn Profile →