Wrapped Aave Arbitrum ezETH wallet

What is Wrapped Aave Arbitrum ezETH (WAARBEZETH)?

Two layers of wrapping sit between this token and ether. ezETH is Renzo's liquid restaking token, built so that the balance never changes while one unit comes to stand for a larger amount of staked ETH over time. Supply ezETH to Aave's market on Arbitrum and you get an aToken back; this asset is the static, fixed-share form of that aToken, so the number you hold stays put while each unit represents a slowly growing claim on the ezETH underneath.

In practice that means the figure in your wallet will not move on its own, and it is not meant to. No transaction arrives, nothing needs claiming, and the token count on its own tells you nothing about how much ezETH is behind it - only the current redemption rate does.

Getting out is a chain of steps rather than one swap: unwrap the share back to the Aave position, withdraw ezETH from the market, and then, if you want plain ether, leave ezETH through Renzo's exit or a pool. How much you can pull out of the market at a given moment depends on how much of the supplied ezETH is currently borrowed. The ezETH on Arbitrum is itself a bridged form of the Ethereum token, and every one of these steps costs gas in ETH on Arbitrum, so keep a small amount there.

Supported networks in Tangem (1): Arbitrum One. Because holding it asks nothing of you, the card can sit in a drawer between transactions while the app just reads what the contract reports on chain. For something you set up once and then leave alone, that is the whole point.