Subscribe to wiki
Share wiki
Bookmark
Edel Finance
Edel Finance
Edel Finance is a decentralized finance (DeFi) protocol built on the Base blockchain, an Ethereum Layer 2 network. [1] [2] The project's native token is EDEL. [3] The project's official website and documentation describe it as a securities lending network for tokenized stocks. [1] [3]
Overview
According to its official website and documentation, Edel Finance is designed as a global lending network for tokenized stocks, aiming to bring the traditional $2.5 trillion stock lending market on-chain. [1] Its goal is to create a more transparent, efficient, and scalable alternative to traditional securities lending, offering higher yields to lenders by bridging traditional finance (TradFi) with DeFi. [1] This version of the project is described as being built upon the Aave V3 architecture, functioning as a decentralized, non-custodial liquidity protocol where users can supply and borrow tokenized stocks and other Real World Assets (RWAs). [4]
In contrast, other sources, such as the crypto data aggregator CoinGecko, describe Edel Finance as the "Yield-Native LSTfi Hub on Base." [3] In this description, the protocol's core function is to unify the ecosystem's Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). Its main products under this characterization are eETH, a native LST for the Base network, and ezETH, an LRT that utilizes EigenLayer for restaking rewards. This model focuses on capturing and compounding yield from Ethereum staking and restaking activities. [3]
The project's native token, EDEL, launched on the Base network in mid-November 2025 and is traded on several centralized and decentralized exchanges. [2] [3]
History
Edel Finance launched its protocol and the EDEL token in November 2025 on the Base network. [3] According to market data, public trading of the token commenced around November 12, 2025, the date it recorded its all-time low price of approximately 0.1133 on November 20, 2025. [2]
The official project website indicated a pre-launch status around this time, featuring a waitlist for early access that had reportedly gathered over 15,000 sign-ups. [1]
Token Launch Controversy
Shortly after its launch in November 2025, Edel Finance was the subject of controversy following an on-chain investigation. [3] Reports, initially published by the on-chain analytics firm Bubblemaps and subsequently covered by crypto media outlets, alleged that wallets connected to the Edel Finance team "sniped," or rapidly acquired at launch, approximately 30% of the total EDEL token supply. The analysis detailed a cluster of wallets, funded from a single source, that purchased a significant portion of the tokens immediately after the liquidity pool was created. At the time of the report, this concentration of tokens was valued at around $11 million. [3]
Technology and Products
Given the differing accounts of the project's purpose, its technology and products can be described in two distinct models.
On-Chain Securities Lending Protocol
As described in its official documentation, Edel Finance operates as an on-chain infrastructure for securities lending. The protocol is built as a fork of Aave V3, inheriting its battle-tested smart contracts and maintaining full compatibility with the Aave V3 ecosystem of tools and integrations. [4] This architecture provides a secure foundation for its two primary functions: supplying and borrowing. [4]
- Supplying and Earning: Users can deposit supported assets, such as tokenized stocks and RWAs, into the protocol to earn interest. In return, they receive interest-bearing tokens (
aTokens, following the Aave model) that represent their share of the lending pool and accrue interest in real-time. [4] - Borrowing: Users can use their supplied assets as collateral to take out overcollateralized loans. This allows them to access liquidity without selling their underlying tokenized assets. [4]
- Risk Management: The protocol incorporates standard DeFi risk management features like a Health Factor, which measures the safety of a user's loan position, and Liquidations, a process to sell a borrower's collateral if their Health Factor falls below a specific threshold to protect the protocol from insolvency. [4]
The project's website states its mission is to "transform stock markets into yield engines" and lists features for users to buy, earn yield from, collateralize, and borrow against tokenized stocks. [1] Support for this vision is highlighted through quotes on the project's website from financial leaders like Larry Fink of BlackRock, who stated, "The next generation for the markets...will be the tokenization of securities." [1]
Liquid Staking and Restaking Hub
According to an alternative description of the project, Edel Finance functions as a liquid staking and restaking hub on Base. [3] This model focuses on generating yield from Ethereum's consensus and security layers.
- eETH (Liquid Staked ETH): This is the protocol's native Liquid Staking Token (LST). Users stake ETH through Edel Finance and receive
eETHon a 1:1 basis. The staked ETH is delegated to node operators to earn Ethereum staking rewards.eETHis a yield-bearing, rebasing token, meaning its balance increases over time as rewards are distributed to holders. As a liquid asset, it can be used across the Base DeFi ecosystem. [3] - ezETH (Liquid Restaked ETH): This is the protocol's Liquid Restaking Token (LRT), which integrates with the EigenLayer protocol. Users can restake their ETH to receive
ezETH. Holders ofezETHearn rewards from two sources: the base ETH staking yield and additional rewards from other protocols secured via EigenLayer's restaking mechanism. It also accrues EigenLayer points for its holders. [3]
Partnerships and Integrations
The official Edel Finance website lists partnerships and collaborations with several key projects to support its tokenized securities lending infrastructure. [1]
- RWA & Asset Tokenization: Collaborations are listed with Ondo Finance (a leader in tokenizing RWAs), xStocks (a platform for tokenized stocks), and the Rwa Foundation. [1]
- Infrastructure & Oracles: The protocol is built on the Base network and lists integrations with Chainlink for providing off-chain data (like stock prices) and LayerZero for omnichain interoperability. [1]
- DeFi & User Onboarding: Partnerships include Cow Swap and Aerodrome Finance as decentralized exchanges for trading, and Privy for user authentication and onboarding. [1]
EDEL Token
The EDEL token is the native cryptocurrency of the Edel Finance ecosystem, built as an ERC-20 token on the Base blockchain. [2] [3]
- Contract Address (Base):
0xFb31f85a8367210b2e4Ed2360D2dA9Dc2D2Ccc95[2]
Tokenomics
The EDEL token has a maximum and total supply of 1,000,000,000 tokens. [2] As of late November 2025, the self-reported circulating supply was approximately 478.5 million EDEL, representing about 47.85% of the total supply. [2] According to data from CoinGecko, a significant portion of the non-circulating supply (approximately 519 million EDEL) is held in a vesting contract designated for the team, investors, reserves, airdrops, and advisors. [3]
Utility
The EDEL token is designed for governance and incentive alignment within the protocol. [3]
- Governance: Holders can lock their EDEL tokens to receive
veEDEL(vote-escrowed EDEL). This grants them voting rights on governance proposals and changes to key protocol parameters. [3] - Revenue Sharing:
veEDELholders are entitled to a share of the protocol's revenue, which is generated from fees on staking, restaking, or lending activities. [3] - Yield Boosting: The
veEDELtoken can be used to boost rewards earned from providing liquidity in certain pools within the ecosystem, particularly on integrated platforms like Aerodrome Finance. [3]
See something wrong?