The WstETHMoonwellStrategy is a stacked yield strategy: it swaps WETH to wstETH via Aerodrome, then supplies wstETH to Moonwell’s lending market. The vault earns both Lido staking yield and Moonwell lending interest simultaneously.
The proposer can update slippage parameters in both Pending and Executed states (unlike other strategies which only allow updates while Executed):
Parameter
Description
minWethOut
Minimum WETH from wstETH→WETH swap on settlement
minWstethOut
Minimum wstETH from WETH→wstETH swap on execution
deadlineOffset
Swap deadline in seconds from current block
strategy.updateParams(abi.encode(newMinWethOut, newMinWstethOut, newDeadlineOffset));// Pass 0 to keep current value
Allowing param updates in Pending state lets the proposer adjust slippage before execution — useful if the WETH/wstETH rate shifts during the voting period.