# Fluid Extends aWETH Redemption Protocol To L2

*Aave users on Arbitrum and Base can now swap their frozen aWETH collateral for wstETH or weETH.*

By [ETH Daily](https://ethdaily.io) · 2026-04-23

fluid, aave, arbitrum, base

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Fluid [extended](https://x.com/0xfluid/status/2046971208550486244) its aWETH Redemption Protocol to L2 networks, launching first on Arbitrum and Base. The solution allows Aave users to swap their frozen aWETH collateral for wstETH or weETH, for a fee of roughly 2%. On Ethereum mainnet alone, the protocol has already [facilitated](https://x.com/WuBlockchain/status/2046961477891055766) $400 million in aWETH redemptions.

The service helps protocols unwind looped Aave positions more efficiently. It works by pairing protocols running looping strategies with WETH lenders on Aave. Initial liquidity was absorbed within hours of launch, and the pool is expected to be replenished. EtherFi also [launched](https://x.com/ether_fi/status/2047002532715885051) an aWETH redemption tool for Ethereum mainnet.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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*Originally published on [ETH Daily](https://ethdaily.io/fluid-aweth-redemption-protocol-on-l2)*