What backs mETH?

mETH is backed 1:1 with deposited ETH coins, and relies on an oracle price feed of provided assets to determine the mint and burn amount of mETH for each interaction. mETH also has maximum deposit caps for each supported token, which will be raised overtime as mETH matures and grows. The following ETH coins on SUI are supported to mint mETH:

Coin	Coin Type	Deposit Cap
sETH	0xd0e89b2af5e4910726fbcd8b8dd37bb79b29e5f83f7491bca830e94f7f226d29::eth::ETH	None
WETH	0xaf8cd5edc19c4512f4259f0bee101a40d41ebed738ade5874359610ef8eeced5::coin::COIN	None
pxETH	0xf4530aa5ef8af33c497ec38f54ff9dd45fad9157264efae9693eb62faf8667b5::coin::COIN	None