diff --git a/embassy-net/src/device.rs b/embassy-net/src/device.rs
index 4bdfd772..5d86ca91 100644
--- a/embassy-net/src/device.rs
+++ b/embassy-net/src/device.rs
@@ -1,10 +1,7 @@
-use core::task::Waker;
+use core::task::Context;
 
-use smoltcp::phy::{Device as SmolDevice, DeviceCapabilities};
-use smoltcp::time::Instant as SmolInstant;
-
-use crate::packet_pool::PacketBoxExt;
-use crate::{Packet, PacketBox, PacketBuf};
+use smoltcp::phy;
+pub use smoltcp::phy::{Checksum, ChecksumCapabilities, DeviceCapabilities, Medium};
 
 #[derive(PartialEq, Eq, Clone, Copy)]
 pub enum LinkState {
@@ -13,115 +10,133 @@ pub enum LinkState {
 }
 
 pub trait Device {
-    fn is_transmit_ready(&mut self) -> bool;
-    fn transmit(&mut self, pkt: PacketBuf);
-    fn receive(&mut self) -> Option<PacketBuf>;
+    type RxToken<'a>: RxToken
+    where
+        Self: 'a;
+    type TxToken<'a>: TxToken
+    where
+        Self: 'a;
 
-    fn register_waker(&mut self, waker: &Waker);
-    fn capabilities(&self) -> DeviceCapabilities;
-    fn link_state(&mut self) -> LinkState;
+    fn receive(&mut self, cx: &mut Context) -> Option<(Self::RxToken<'_>, Self::TxToken<'_>)>;
+    fn transmit(&mut self, cx: &mut Context) -> Option<Self::TxToken<'_>>;
+    fn link_state(&mut self, cx: &mut Context) -> LinkState;
+
+    fn capabilities(&self) -> phy::DeviceCapabilities;
     fn ethernet_address(&self) -> [u8; 6];
 }
 
 impl<T: ?Sized + Device> Device for &mut T {
-    fn is_transmit_ready(&mut self) -> bool {
-        T::is_transmit_ready(self)
+    type RxToken<'a> = T::RxToken<'a>
+    where
+        Self: 'a;
+    type TxToken<'a> = T::TxToken<'a>
+    where
+        Self: 'a;
+
+    fn transmit(&mut self, cx: &mut Context) -> Option<Self::TxToken<'_>> {
+        T::transmit(self, cx)
     }
-    fn transmit(&mut self, pkt: PacketBuf) {
-        T::transmit(self, pkt)
+    fn receive(&mut self, cx: &mut Context) -> Option<(Self::RxToken<'_>, Self::TxToken<'_>)> {
+        T::receive(self, cx)
     }
-    fn receive(&mut self) -> Option<PacketBuf> {
-        T::receive(self)
-    }
-    fn register_waker(&mut self, waker: &Waker) {
-        T::register_waker(self, waker)
-    }
-    fn capabilities(&self) -> DeviceCapabilities {
+    fn capabilities(&self) -> phy::DeviceCapabilities {
         T::capabilities(self)
     }
-    fn link_state(&mut self) -> LinkState {
-        T::link_state(self)
+    fn link_state(&mut self, cx: &mut Context) -> LinkState {
+        T::link_state(self, cx)
     }
     fn ethernet_address(&self) -> [u8; 6] {
         T::ethernet_address(self)
     }
 }
 
-pub struct DeviceAdapter<D: Device> {
-    pub device: D,
-    caps: DeviceCapabilities,
+/// A token to receive a single network packet.
+pub trait RxToken {
+    /// Consumes the token to receive a single network packet.
+    ///
+    /// This method receives a packet and then calls the given closure `f` with the raw
+    /// packet bytes as argument.
+    fn consume<R, F>(self, f: F) -> R
+    where
+        F: FnOnce(&mut [u8]) -> R;
 }
 
-impl<D: Device> DeviceAdapter<D> {
-    pub(crate) fn new(device: D) -> Self {
-        Self {
-            caps: device.capabilities(),
-            device,
-        }
-    }
+/// A token to transmit a single network packet.
+pub trait TxToken {
+    /// Consumes the token to send a single network packet.
+    ///
+    /// This method constructs a transmit buffer of size `len` and calls the passed
+    /// closure `f` with a mutable reference to that buffer. The closure should construct
+    /// a valid network packet (e.g. an ethernet packet) in the buffer. When the closure
+    /// returns, the transmit buffer is sent out.
+    fn consume<R, F>(self, len: usize, f: F) -> R
+    where
+        F: FnOnce(&mut [u8]) -> R;
 }
 
-impl<D: Device> SmolDevice for DeviceAdapter<D> {
-    type RxToken<'a> = RxToken where Self: 'a;
-    type TxToken<'a> = TxToken<'a, D> where Self: 'a;
+///////////////////////////
+
+pub(crate) struct DeviceAdapter<'d, 'c, T>
+where
+    T: Device,
+{
+    // must be Some when actually using this to rx/tx
+    pub cx: Option<&'d mut Context<'c>>,
+    pub inner: &'d mut T,
+}
+
+impl<'d, 'c, T> phy::Device for DeviceAdapter<'d, 'c, T>
+where
+    T: Device,
+{
+    type RxToken<'a> = RxTokenAdapter<T::RxToken<'a>> where Self: 'a;
+    type TxToken<'a> = TxTokenAdapter<T::TxToken<'a>> where Self: 'a;
 
     fn receive(&mut self) -> Option<(Self::RxToken<'_>, Self::TxToken<'_>)> {
-        let tx_pkt = PacketBox::new(Packet::new())?;
-        let rx_pkt = self.device.receive()?;
-        let rx_token = RxToken { pkt: rx_pkt };
-        let tx_token = TxToken {
-            device: &mut self.device,
-            pkt: tx_pkt,
-        };
-
-        Some((rx_token, tx_token))
+        self.inner
+            .receive(self.cx.as_deref_mut().unwrap())
+            .map(|(rx, tx)| (RxTokenAdapter(rx), TxTokenAdapter(tx)))
     }
 
     /// Construct a transmit token.
     fn transmit(&mut self) -> Option<Self::TxToken<'_>> {
-        if !self.device.is_transmit_ready() {
-            return None;
-        }
-
-        let tx_pkt = PacketBox::new(Packet::new())?;
-        Some(TxToken {
-            device: &mut self.device,
-            pkt: tx_pkt,
-        })
+        self.inner.transmit(self.cx.as_deref_mut().unwrap()).map(TxTokenAdapter)
     }
 
     /// Get a description of device capabilities.
-    fn capabilities(&self) -> DeviceCapabilities {
-        self.caps.clone()
+    fn capabilities(&self) -> phy::DeviceCapabilities {
+        self.inner.capabilities()
     }
 }
 
-pub struct RxToken {
-    pkt: PacketBuf,
-}
+pub(crate) struct RxTokenAdapter<T>(T)
+where
+    T: RxToken;
 
-impl smoltcp::phy::RxToken for RxToken {
-    fn consume<R, F>(mut self, _timestamp: SmolInstant, f: F) -> smoltcp::Result<R>
+impl<T> phy::RxToken for RxTokenAdapter<T>
+where
+    T: RxToken,
+{
+    fn consume<R, F>(self, _timestamp: smoltcp::time::Instant, f: F) -> smoltcp::Result<R>
     where
         F: FnOnce(&mut [u8]) -> smoltcp::Result<R>,
     {
-        f(&mut self.pkt)
+        self.0.consume(|buf| f(buf))
     }
 }
 
-pub struct TxToken<'a, D: Device> {
-    device: &'a mut D,
-    pkt: PacketBox,
-}
+pub(crate) struct TxTokenAdapter<T>(T)
+where
+    T: TxToken;
 
-impl<'a, D: Device> smoltcp::phy::TxToken for TxToken<'a, D> {
-    fn consume<R, F>(self, _timestamp: SmolInstant, len: usize, f: F) -> smoltcp::Result<R>
+impl<T> phy::TxToken for TxTokenAdapter<T>
+where
+    T: TxToken,
+{
+    fn consume<R, F>(self, _timestamp: smoltcp::time::Instant, len: usize, f: F) -> smoltcp::Result<R>
     where
         F: FnOnce(&mut [u8]) -> smoltcp::Result<R>,
     {
-        let mut buf = self.pkt.slice(0..len);
-        let r = f(&mut buf)?;
-        self.device.transmit(buf);
-        Ok(r)
+        self.0.consume(len, |buf| f(buf))
     }
 }
diff --git a/embassy-net/src/lib.rs b/embassy-net/src/lib.rs
index edb96984..afe0d6da 100644
--- a/embassy-net/src/lib.rs
+++ b/embassy-net/src/lib.rs
@@ -8,22 +8,30 @@
 // This mod MUST go first, so that the others see its macros.
 pub(crate) mod fmt;
 
-mod device;
-mod packet_pool;
-mod stack;
-
-pub use device::{Device, LinkState};
-pub use packet_pool::{Packet, PacketBox, PacketBoxExt, PacketBuf, MTU};
-pub use stack::{Config, ConfigStrategy, Stack, StackResources};
-
+pub mod device;
 #[cfg(feature = "tcp")]
 pub mod tcp;
-
 #[cfg(feature = "udp")]
 pub mod udp;
 
+use core::cell::RefCell;
+use core::future::{poll_fn, Future};
+use core::task::{Context, Poll};
+
+use embassy_sync::waitqueue::WakerRegistration;
+use embassy_time::{Instant, Timer};
+use futures::pin_mut;
+use heapless::Vec;
+#[cfg(feature = "dhcpv4")]
+use smoltcp::iface::SocketHandle;
+use smoltcp::iface::{Interface, InterfaceBuilder, SocketSet, SocketStorage};
+#[cfg(feature = "medium-ethernet")]
+use smoltcp::iface::{Neighbor, NeighborCache, Route, Routes};
+#[cfg(feature = "medium-ethernet")]
+use smoltcp::phy::Medium;
+#[cfg(feature = "dhcpv4")]
+use smoltcp::socket::dhcpv4;
 // smoltcp reexports
-pub use smoltcp::phy::{DeviceCapabilities, Medium};
 pub use smoltcp::time::{Duration as SmolDuration, Instant as SmolInstant};
 #[cfg(feature = "medium-ethernet")]
 pub use smoltcp::wire::{EthernetAddress, HardwareAddress};
@@ -32,3 +40,288 @@ pub use smoltcp::wire::{IpAddress, IpCidr, Ipv4Address, Ipv4Cidr};
 pub use smoltcp::wire::{Ipv6Address, Ipv6Cidr};
 #[cfg(feature = "udp")]
 pub use smoltcp::{socket::udp::PacketMetadata, wire::IpListenEndpoint};
+
+use crate::device::{Device, DeviceAdapter, LinkState};
+
+const LOCAL_PORT_MIN: u16 = 1025;
+const LOCAL_PORT_MAX: u16 = 65535;
+
+pub struct StackResources<const ADDR: usize, const SOCK: usize, const NEIGHBOR: usize> {
+    addresses: [IpCidr; ADDR],
+    sockets: [SocketStorage<'static>; SOCK],
+
+    #[cfg(feature = "medium-ethernet")]
+    routes: [Option<(IpCidr, Route)>; 1],
+    #[cfg(feature = "medium-ethernet")]
+    neighbor_cache: [Option<(IpAddress, Neighbor)>; NEIGHBOR],
+}
+
+impl<const ADDR: usize, const SOCK: usize, const NEIGHBOR: usize> StackResources<ADDR, SOCK, NEIGHBOR> {
+    pub fn new() -> Self {
+        Self {
+            addresses: [IpCidr::new(Ipv4Address::UNSPECIFIED.into(), 32); ADDR],
+            sockets: [SocketStorage::EMPTY; SOCK],
+            #[cfg(feature = "medium-ethernet")]
+            routes: [None; 1],
+            #[cfg(feature = "medium-ethernet")]
+            neighbor_cache: [None; NEIGHBOR],
+        }
+    }
+}
+
+#[derive(Debug, Clone, PartialEq, Eq)]
+pub struct Config {
+    pub address: Ipv4Cidr,
+    pub gateway: Option<Ipv4Address>,
+    pub dns_servers: Vec<Ipv4Address, 3>,
+}
+
+pub enum ConfigStrategy {
+    Static(Config),
+    #[cfg(feature = "dhcpv4")]
+    Dhcp,
+}
+
+pub struct Stack<D: Device> {
+    pub(crate) socket: RefCell<SocketStack>,
+    inner: RefCell<Inner<D>>,
+}
+
+struct Inner<D: Device> {
+    device: D,
+    link_up: bool,
+    config: Option<Config>,
+    #[cfg(feature = "dhcpv4")]
+    dhcp_socket: Option<SocketHandle>,
+}
+
+pub(crate) struct SocketStack {
+    pub(crate) sockets: SocketSet<'static>,
+    pub(crate) iface: Interface<'static>,
+    pub(crate) waker: WakerRegistration,
+    next_local_port: u16,
+}
+
+impl<D: Device + 'static> Stack<D> {
+    pub fn new<const ADDR: usize, const SOCK: usize, const NEIGH: usize>(
+        mut device: D,
+        config: ConfigStrategy,
+        resources: &'static mut StackResources<ADDR, SOCK, NEIGH>,
+        random_seed: u64,
+    ) -> Self {
+        #[cfg(feature = "medium-ethernet")]
+        let medium = device.capabilities().medium;
+
+        #[cfg(feature = "medium-ethernet")]
+        let ethernet_addr = if medium == Medium::Ethernet {
+            device.ethernet_address()
+        } else {
+            [0, 0, 0, 0, 0, 0]
+        };
+
+        let mut b = InterfaceBuilder::new();
+        b = b.ip_addrs(&mut resources.addresses[..]);
+        b = b.random_seed(random_seed);
+
+        #[cfg(feature = "medium-ethernet")]
+        if medium == Medium::Ethernet {
+            b = b.hardware_addr(HardwareAddress::Ethernet(EthernetAddress(ethernet_addr)));
+            b = b.neighbor_cache(NeighborCache::new(&mut resources.neighbor_cache[..]));
+            b = b.routes(Routes::new(&mut resources.routes[..]));
+        }
+
+        let iface = b.finalize(&mut DeviceAdapter {
+            inner: &mut device,
+            cx: None,
+        });
+
+        let sockets = SocketSet::new(&mut resources.sockets[..]);
+
+        let next_local_port = (random_seed % (LOCAL_PORT_MAX - LOCAL_PORT_MIN) as u64) as u16 + LOCAL_PORT_MIN;
+
+        let mut inner = Inner {
+            device,
+            link_up: false,
+            config: None,
+            #[cfg(feature = "dhcpv4")]
+            dhcp_socket: None,
+        };
+        let mut socket = SocketStack {
+            sockets,
+            iface,
+            waker: WakerRegistration::new(),
+            next_local_port,
+        };
+
+        match config {
+            ConfigStrategy::Static(config) => inner.apply_config(&mut socket, config),
+            #[cfg(feature = "dhcpv4")]
+            ConfigStrategy::Dhcp => {
+                let handle = socket.sockets.add(smoltcp::socket::dhcpv4::Socket::new());
+                inner.dhcp_socket = Some(handle);
+            }
+        }
+
+        Self {
+            socket: RefCell::new(socket),
+            inner: RefCell::new(inner),
+        }
+    }
+
+    fn with<R>(&self, f: impl FnOnce(&SocketStack, &Inner<D>) -> R) -> R {
+        f(&*self.socket.borrow(), &*self.inner.borrow())
+    }
+
+    fn with_mut<R>(&self, f: impl FnOnce(&mut SocketStack, &mut Inner<D>) -> R) -> R {
+        f(&mut *self.socket.borrow_mut(), &mut *self.inner.borrow_mut())
+    }
+
+    pub fn ethernet_address(&self) -> [u8; 6] {
+        self.with(|_s, i| i.device.ethernet_address())
+    }
+
+    pub fn is_link_up(&self) -> bool {
+        self.with(|_s, i| i.link_up)
+    }
+
+    pub fn is_config_up(&self) -> bool {
+        self.with(|_s, i| i.config.is_some())
+    }
+
+    pub fn config(&self) -> Option<Config> {
+        self.with(|_s, i| i.config.clone())
+    }
+
+    pub async fn run(&self) -> ! {
+        poll_fn(|cx| {
+            self.with_mut(|s, i| i.poll(cx, s));
+            Poll::<()>::Pending
+        })
+        .await;
+        unreachable!()
+    }
+}
+
+impl SocketStack {
+    #[allow(clippy::absurd_extreme_comparisons)]
+    pub fn get_local_port(&mut self) -> u16 {
+        let res = self.next_local_port;
+        self.next_local_port = if res >= LOCAL_PORT_MAX { LOCAL_PORT_MIN } else { res + 1 };
+        res
+    }
+}
+
+impl<D: Device + 'static> Inner<D> {
+    fn apply_config(&mut self, s: &mut SocketStack, config: Config) {
+        #[cfg(feature = "medium-ethernet")]
+        let medium = self.device.capabilities().medium;
+
+        debug!("Acquired IP configuration:");
+
+        debug!("   IP address:      {}", config.address);
+        self.set_ipv4_addr(s, config.address);
+
+        #[cfg(feature = "medium-ethernet")]
+        if medium == Medium::Ethernet {
+            if let Some(gateway) = config.gateway {
+                debug!("   Default gateway: {}", gateway);
+                s.iface.routes_mut().add_default_ipv4_route(gateway).unwrap();
+            } else {
+                debug!("   Default gateway: None");
+                s.iface.routes_mut().remove_default_ipv4_route();
+            }
+        }
+        for (i, s) in config.dns_servers.iter().enumerate() {
+            debug!("   DNS server {}:    {}", i, s);
+        }
+
+        self.config = Some(config)
+    }
+
+    #[allow(unused)] // used only with dhcp
+    fn unapply_config(&mut self, s: &mut SocketStack) {
+        #[cfg(feature = "medium-ethernet")]
+        let medium = self.device.capabilities().medium;
+
+        debug!("Lost IP configuration");
+        self.set_ipv4_addr(s, Ipv4Cidr::new(Ipv4Address::UNSPECIFIED, 0));
+        #[cfg(feature = "medium-ethernet")]
+        if medium == Medium::Ethernet {
+            s.iface.routes_mut().remove_default_ipv4_route();
+        }
+        self.config = None
+    }
+
+    fn set_ipv4_addr(&mut self, s: &mut SocketStack, cidr: Ipv4Cidr) {
+        s.iface.update_ip_addrs(|addrs| {
+            let dest = addrs.iter_mut().next().unwrap();
+            *dest = IpCidr::Ipv4(cidr);
+        });
+    }
+
+    fn poll(&mut self, cx: &mut Context<'_>, s: &mut SocketStack) {
+        s.waker.register(cx.waker());
+
+        let timestamp = instant_to_smoltcp(Instant::now());
+        let mut smoldev = DeviceAdapter {
+            cx: Some(cx),
+            inner: &mut self.device,
+        };
+        if s.iface.poll(timestamp, &mut smoldev, &mut s.sockets).is_err() {
+            // If poll() returns error, it may not be done yet, so poll again later.
+            cx.waker().wake_by_ref();
+            return;
+        }
+
+        // Update link up
+        let old_link_up = self.link_up;
+        self.link_up = self.device.link_state(cx) == LinkState::Up;
+
+        // Print when changed
+        if old_link_up != self.link_up {
+            info!("link_up = {:?}", self.link_up);
+        }
+
+        #[cfg(feature = "dhcpv4")]
+        if let Some(dhcp_handle) = self.dhcp_socket {
+            let socket = s.sockets.get_mut::<dhcpv4::Socket>(dhcp_handle);
+
+            if self.link_up {
+                match socket.poll() {
+                    None => {}
+                    Some(dhcpv4::Event::Deconfigured) => self.unapply_config(s),
+                    Some(dhcpv4::Event::Configured(config)) => {
+                        let config = Config {
+                            address: config.address,
+                            gateway: config.router,
+                            dns_servers: config.dns_servers,
+                        };
+                        self.apply_config(s, config)
+                    }
+                }
+            } else if old_link_up {
+                socket.reset();
+                self.unapply_config(s);
+            }
+        }
+        //if old_link_up || self.link_up {
+        //    self.poll_configurator(timestamp)
+        //}
+
+        if let Some(poll_at) = s.iface.poll_at(timestamp, &mut s.sockets) {
+            let t = Timer::at(instant_from_smoltcp(poll_at));
+            pin_mut!(t);
+            if t.poll(cx).is_ready() {
+                cx.waker().wake_by_ref();
+            }
+        }
+    }
+}
+
+fn instant_to_smoltcp(instant: Instant) -> SmolInstant {
+    SmolInstant::from_millis(instant.as_millis() as i64)
+}
+
+fn instant_from_smoltcp(instant: SmolInstant) -> Instant {
+    Instant::from_millis(instant.total_millis() as u64)
+}
diff --git a/embassy-net/src/packet_pool.rs b/embassy-net/src/packet_pool.rs
deleted file mode 100644
index cb8a1316..00000000
--- a/embassy-net/src/packet_pool.rs
+++ /dev/null
@@ -1,107 +0,0 @@
-use core::ops::{Deref, DerefMut, Range};
-
-use as_slice::{AsMutSlice, AsSlice};
-use atomic_pool::{pool, Box};
-
-pub const MTU: usize = 1516;
-
-#[cfg(feature = "pool-4")]
-pub const PACKET_POOL_SIZE: usize = 4;
-
-#[cfg(feature = "pool-8")]
-pub const PACKET_POOL_SIZE: usize = 8;
-
-#[cfg(feature = "pool-16")]
-pub const PACKET_POOL_SIZE: usize = 16;
-
-#[cfg(feature = "pool-32")]
-pub const PACKET_POOL_SIZE: usize = 32;
-
-#[cfg(feature = "pool-64")]
-pub const PACKET_POOL_SIZE: usize = 64;
-
-#[cfg(feature = "pool-128")]
-pub const PACKET_POOL_SIZE: usize = 128;
-
-pool!(pub PacketPool: [Packet; PACKET_POOL_SIZE]);
-pub type PacketBox = Box<PacketPool>;
-
-#[repr(align(4))]
-pub struct Packet(pub [u8; MTU]);
-
-impl Packet {
-    pub const fn new() -> Self {
-        Self([0; MTU])
-    }
-}
-
-pub trait PacketBoxExt {
-    fn slice(self, range: Range<usize>) -> PacketBuf;
-}
-
-impl PacketBoxExt for PacketBox {
-    fn slice(self, range: Range<usize>) -> PacketBuf {
-        PacketBuf { packet: self, range }
-    }
-}
-
-impl AsSlice for Packet {
-    type Element = u8;
-
-    fn as_slice(&self) -> &[Self::Element] {
-        &self.deref()[..]
-    }
-}
-
-impl AsMutSlice for Packet {
-    fn as_mut_slice(&mut self) -> &mut [Self::Element] {
-        &mut self.deref_mut()[..]
-    }
-}
-
-impl Deref for Packet {
-    type Target = [u8; MTU];
-
-    fn deref(&self) -> &[u8; MTU] {
-        &self.0
-    }
-}
-
-impl DerefMut for Packet {
-    fn deref_mut(&mut self) -> &mut [u8; MTU] {
-        &mut self.0
-    }
-}
-
-pub struct PacketBuf {
-    packet: PacketBox,
-    range: Range<usize>,
-}
-
-impl AsSlice for PacketBuf {
-    type Element = u8;
-
-    fn as_slice(&self) -> &[Self::Element] {
-        &self.packet[self.range.clone()]
-    }
-}
-
-impl AsMutSlice for PacketBuf {
-    fn as_mut_slice(&mut self) -> &mut [Self::Element] {
-        &mut self.packet[self.range.clone()]
-    }
-}
-
-impl Deref for PacketBuf {
-    type Target = [u8];
-
-    fn deref(&self) -> &[u8] {
-        &self.packet[self.range.clone()]
-    }
-}
-
-impl DerefMut for PacketBuf {
-    fn deref_mut(&mut self) -> &mut [u8] {
-        &mut self.packet[self.range.clone()]
-    }
-}
diff --git a/embassy-net/src/stack.rs b/embassy-net/src/stack.rs
deleted file mode 100644
index 5c4fb044..00000000
--- a/embassy-net/src/stack.rs
+++ /dev/null
@@ -1,302 +0,0 @@
-use core::cell::RefCell;
-use core::future::{poll_fn, Future};
-use core::task::{Context, Poll};
-
-use embassy_sync::waitqueue::WakerRegistration;
-use embassy_time::{Instant, Timer};
-use futures::pin_mut;
-use heapless::Vec;
-#[cfg(feature = "dhcpv4")]
-use smoltcp::iface::SocketHandle;
-use smoltcp::iface::{Interface, InterfaceBuilder, SocketSet, SocketStorage};
-#[cfg(feature = "medium-ethernet")]
-use smoltcp::iface::{Neighbor, NeighborCache, Route, Routes};
-#[cfg(feature = "medium-ethernet")]
-use smoltcp::phy::{Device as _, Medium};
-#[cfg(feature = "dhcpv4")]
-use smoltcp::socket::dhcpv4;
-use smoltcp::time::Instant as SmolInstant;
-#[cfg(feature = "medium-ethernet")]
-use smoltcp::wire::{EthernetAddress, HardwareAddress, IpAddress};
-use smoltcp::wire::{IpCidr, Ipv4Address, Ipv4Cidr};
-
-use crate::device::{Device, DeviceAdapter, LinkState};
-
-const LOCAL_PORT_MIN: u16 = 1025;
-const LOCAL_PORT_MAX: u16 = 65535;
-
-pub struct StackResources<const ADDR: usize, const SOCK: usize, const NEIGHBOR: usize> {
-    addresses: [IpCidr; ADDR],
-    sockets: [SocketStorage<'static>; SOCK],
-
-    #[cfg(feature = "medium-ethernet")]
-    routes: [Option<(IpCidr, Route)>; 1],
-    #[cfg(feature = "medium-ethernet")]
-    neighbor_cache: [Option<(IpAddress, Neighbor)>; NEIGHBOR],
-}
-
-impl<const ADDR: usize, const SOCK: usize, const NEIGHBOR: usize> StackResources<ADDR, SOCK, NEIGHBOR> {
-    pub fn new() -> Self {
-        Self {
-            addresses: [IpCidr::new(Ipv4Address::UNSPECIFIED.into(), 32); ADDR],
-            sockets: [SocketStorage::EMPTY; SOCK],
-            #[cfg(feature = "medium-ethernet")]
-            routes: [None; 1],
-            #[cfg(feature = "medium-ethernet")]
-            neighbor_cache: [None; NEIGHBOR],
-        }
-    }
-}
-
-#[derive(Debug, Clone, PartialEq, Eq)]
-pub struct Config {
-    pub address: Ipv4Cidr,
-    pub gateway: Option<Ipv4Address>,
-    pub dns_servers: Vec<Ipv4Address, 3>,
-}
-
-pub enum ConfigStrategy {
-    Static(Config),
-    #[cfg(feature = "dhcpv4")]
-    Dhcp,
-}
-
-pub struct Stack<D: Device> {
-    pub(crate) socket: RefCell<SocketStack>,
-    inner: RefCell<Inner<D>>,
-}
-
-struct Inner<D: Device> {
-    device: DeviceAdapter<D>,
-    link_up: bool,
-    config: Option<Config>,
-    #[cfg(feature = "dhcpv4")]
-    dhcp_socket: Option<SocketHandle>,
-}
-
-pub(crate) struct SocketStack {
-    pub(crate) sockets: SocketSet<'static>,
-    pub(crate) iface: Interface<'static>,
-    pub(crate) waker: WakerRegistration,
-    next_local_port: u16,
-}
-
-impl<D: Device + 'static> Stack<D> {
-    pub fn new<const ADDR: usize, const SOCK: usize, const NEIGH: usize>(
-        device: D,
-        config: ConfigStrategy,
-        resources: &'static mut StackResources<ADDR, SOCK, NEIGH>,
-        random_seed: u64,
-    ) -> Self {
-        #[cfg(feature = "medium-ethernet")]
-        let medium = device.capabilities().medium;
-
-        #[cfg(feature = "medium-ethernet")]
-        let ethernet_addr = if medium == Medium::Ethernet {
-            device.ethernet_address()
-        } else {
-            [0, 0, 0, 0, 0, 0]
-        };
-
-        let mut device = DeviceAdapter::new(device);
-
-        let mut b = InterfaceBuilder::new();
-        b = b.ip_addrs(&mut resources.addresses[..]);
-        b = b.random_seed(random_seed);
-
-        #[cfg(feature = "medium-ethernet")]
-        if medium == Medium::Ethernet {
-            b = b.hardware_addr(HardwareAddress::Ethernet(EthernetAddress(ethernet_addr)));
-            b = b.neighbor_cache(NeighborCache::new(&mut resources.neighbor_cache[..]));
-            b = b.routes(Routes::new(&mut resources.routes[..]));
-        }
-
-        let iface = b.finalize(&mut device);
-
-        let sockets = SocketSet::new(&mut resources.sockets[..]);
-
-        let next_local_port = (random_seed % (LOCAL_PORT_MAX - LOCAL_PORT_MIN) as u64) as u16 + LOCAL_PORT_MIN;
-
-        let mut inner = Inner {
-            device,
-            link_up: false,
-            config: None,
-            #[cfg(feature = "dhcpv4")]
-            dhcp_socket: None,
-        };
-        let mut socket = SocketStack {
-            sockets,
-            iface,
-            waker: WakerRegistration::new(),
-            next_local_port,
-        };
-
-        match config {
-            ConfigStrategy::Static(config) => inner.apply_config(&mut socket, config),
-            #[cfg(feature = "dhcpv4")]
-            ConfigStrategy::Dhcp => {
-                let handle = socket.sockets.add(smoltcp::socket::dhcpv4::Socket::new());
-                inner.dhcp_socket = Some(handle);
-            }
-        }
-
-        Self {
-            socket: RefCell::new(socket),
-            inner: RefCell::new(inner),
-        }
-    }
-
-    fn with<R>(&self, f: impl FnOnce(&SocketStack, &Inner<D>) -> R) -> R {
-        f(&*self.socket.borrow(), &*self.inner.borrow())
-    }
-
-    fn with_mut<R>(&self, f: impl FnOnce(&mut SocketStack, &mut Inner<D>) -> R) -> R {
-        f(&mut *self.socket.borrow_mut(), &mut *self.inner.borrow_mut())
-    }
-
-    pub fn ethernet_address(&self) -> [u8; 6] {
-        self.with(|_s, i| i.device.device.ethernet_address())
-    }
-
-    pub fn is_link_up(&self) -> bool {
-        self.with(|_s, i| i.link_up)
-    }
-
-    pub fn is_config_up(&self) -> bool {
-        self.with(|_s, i| i.config.is_some())
-    }
-
-    pub fn config(&self) -> Option<Config> {
-        self.with(|_s, i| i.config.clone())
-    }
-
-    pub async fn run(&self) -> ! {
-        poll_fn(|cx| {
-            self.with_mut(|s, i| i.poll(cx, s));
-            Poll::<()>::Pending
-        })
-        .await;
-        unreachable!()
-    }
-}
-
-impl SocketStack {
-    #[allow(clippy::absurd_extreme_comparisons)]
-    pub fn get_local_port(&mut self) -> u16 {
-        let res = self.next_local_port;
-        self.next_local_port = if res >= LOCAL_PORT_MAX { LOCAL_PORT_MIN } else { res + 1 };
-        res
-    }
-}
-
-impl<D: Device + 'static> Inner<D> {
-    fn apply_config(&mut self, s: &mut SocketStack, config: Config) {
-        #[cfg(feature = "medium-ethernet")]
-        let medium = self.device.capabilities().medium;
-
-        debug!("Acquired IP configuration:");
-
-        debug!("   IP address:      {}", config.address);
-        self.set_ipv4_addr(s, config.address);
-
-        #[cfg(feature = "medium-ethernet")]
-        if medium == Medium::Ethernet {
-            if let Some(gateway) = config.gateway {
-                debug!("   Default gateway: {}", gateway);
-                s.iface.routes_mut().add_default_ipv4_route(gateway).unwrap();
-            } else {
-                debug!("   Default gateway: None");
-                s.iface.routes_mut().remove_default_ipv4_route();
-            }
-        }
-        for (i, s) in config.dns_servers.iter().enumerate() {
-            debug!("   DNS server {}:    {}", i, s);
-        }
-
-        self.config = Some(config)
-    }
-
-    #[allow(unused)] // used only with dhcp
-    fn unapply_config(&mut self, s: &mut SocketStack) {
-        #[cfg(feature = "medium-ethernet")]
-        let medium = self.device.capabilities().medium;
-
-        debug!("Lost IP configuration");
-        self.set_ipv4_addr(s, Ipv4Cidr::new(Ipv4Address::UNSPECIFIED, 0));
-        #[cfg(feature = "medium-ethernet")]
-        if medium == Medium::Ethernet {
-            s.iface.routes_mut().remove_default_ipv4_route();
-        }
-        self.config = None
-    }
-
-    fn set_ipv4_addr(&mut self, s: &mut SocketStack, cidr: Ipv4Cidr) {
-        s.iface.update_ip_addrs(|addrs| {
-            let dest = addrs.iter_mut().next().unwrap();
-            *dest = IpCidr::Ipv4(cidr);
-        });
-    }
-
-    fn poll(&mut self, cx: &mut Context<'_>, s: &mut SocketStack) {
-        self.device.device.register_waker(cx.waker());
-        s.waker.register(cx.waker());
-
-        let timestamp = instant_to_smoltcp(Instant::now());
-        if s.iface.poll(timestamp, &mut self.device, &mut s.sockets).is_err() {
-            // If poll() returns error, it may not be done yet, so poll again later.
-            cx.waker().wake_by_ref();
-            return;
-        }
-
-        // Update link up
-        let old_link_up = self.link_up;
-        self.link_up = self.device.device.link_state() == LinkState::Up;
-
-        // Print when changed
-        if old_link_up != self.link_up {
-            info!("link_up = {:?}", self.link_up);
-        }
-
-        #[cfg(feature = "dhcpv4")]
-        if let Some(dhcp_handle) = self.dhcp_socket {
-            let socket = s.sockets.get_mut::<dhcpv4::Socket>(dhcp_handle);
-
-            if self.link_up {
-                match socket.poll() {
-                    None => {}
-                    Some(dhcpv4::Event::Deconfigured) => self.unapply_config(s),
-                    Some(dhcpv4::Event::Configured(config)) => {
-                        let config = Config {
-                            address: config.address,
-                            gateway: config.router,
-                            dns_servers: config.dns_servers,
-                        };
-                        self.apply_config(s, config)
-                    }
-                }
-            } else if old_link_up {
-                socket.reset();
-                self.unapply_config(s);
-            }
-        }
-        //if old_link_up || self.link_up {
-        //    self.poll_configurator(timestamp)
-        //}
-
-        if let Some(poll_at) = s.iface.poll_at(timestamp, &mut s.sockets) {
-            let t = Timer::at(instant_from_smoltcp(poll_at));
-            pin_mut!(t);
-            if t.poll(cx).is_ready() {
-                cx.waker().wake_by_ref();
-            }
-        }
-    }
-}
-
-fn instant_to_smoltcp(instant: Instant) -> SmolInstant {
-    SmolInstant::from_millis(instant.as_millis() as i64)
-}
-
-fn instant_from_smoltcp(instant: SmolInstant) -> Instant {
-    Instant::from_millis(instant.total_millis() as u64)
-}
diff --git a/embassy-net/src/tcp.rs b/embassy-net/src/tcp.rs
index 73cf2d4e..0dc8da73 100644
--- a/embassy-net/src/tcp.rs
+++ b/embassy-net/src/tcp.rs
@@ -8,9 +8,8 @@ use smoltcp::socket::tcp;
 use smoltcp::time::Duration;
 use smoltcp::wire::{IpEndpoint, IpListenEndpoint};
 
-use super::stack::Stack;
-use crate::stack::SocketStack;
-use crate::Device;
+use crate::device::Device;
+use crate::{SocketStack, Stack};
 
 #[derive(PartialEq, Eq, Clone, Copy, Debug)]
 #[cfg_attr(feature = "defmt", derive(defmt::Format))]
diff --git a/embassy-net/src/udp.rs b/embassy-net/src/udp.rs
index 4ddad77d..2f5334df 100644
--- a/embassy-net/src/udp.rs
+++ b/embassy-net/src/udp.rs
@@ -7,8 +7,7 @@ use smoltcp::iface::{Interface, SocketHandle};
 use smoltcp::socket::udp::{self, PacketMetadata};
 use smoltcp::wire::{IpEndpoint, IpListenEndpoint};
 
-use super::stack::SocketStack;
-use crate::{Device, Stack};
+use crate::{Device, SocketStack, Stack};
 
 #[derive(PartialEq, Eq, Clone, Copy, Debug)]
 #[cfg_attr(feature = "defmt", derive(defmt::Format))]
diff --git a/embassy-stm32/Cargo.toml b/embassy-stm32/Cargo.toml
index b7f718c5..0c491ee4 100644
--- a/embassy-stm32/Cargo.toml
+++ b/embassy-stm32/Cargo.toml
@@ -77,7 +77,6 @@ stm32-metapac = { version = "0.1.0", path = "../stm32-metapac", default-features
 [features]
 defmt = ["dep:defmt", "bxcan/unstable-defmt", "embassy-sync/defmt", "embassy-executor/defmt", "embassy-embedded-hal/defmt", "embassy-hal-common/defmt", "embedded-io?/defmt", "embassy-usb-driver?/defmt"]
 sdmmc-rs = ["embedded-sdmmc"]
-net = ["embassy-net" ]
 memory-x = ["stm32-metapac/memory-x"]
 subghz = []
 exti = []
diff --git a/embassy-stm32/src/eth/mod.rs b/embassy-stm32/src/eth/mod.rs
index 76a3dfab..fd1b4853 100644
--- a/embassy-stm32/src/eth/mod.rs
+++ b/embassy-stm32/src/eth/mod.rs
@@ -1,14 +1,131 @@
 #![macro_use]
+#![cfg_attr(not(feature = "embassy-net"), allow(unused))]
 
-#[cfg(feature = "net")]
 #[cfg_attr(any(eth_v1a, eth_v1b, eth_v1c), path = "v1/mod.rs")]
 #[cfg_attr(eth_v2, path = "v2/mod.rs")]
 mod _version;
 pub mod generic_smi;
 
-#[cfg(feature = "net")]
 pub use _version::*;
+use embassy_sync::waitqueue::AtomicWaker;
 
+#[allow(unused)]
+const MTU: usize = 1514;
+const TX_BUFFER_SIZE: usize = 1514;
+const RX_BUFFER_SIZE: usize = 1536;
+
+#[repr(C, align(8))]
+#[derive(Copy, Clone)]
+pub(crate) struct Packet<const N: usize>([u8; N]);
+
+pub struct PacketQueue<const TX: usize, const RX: usize> {
+    tx_desc: [TDes; TX],
+    rx_desc: [RDes; RX],
+    tx_buf: [Packet<TX_BUFFER_SIZE>; TX],
+    rx_buf: [Packet<RX_BUFFER_SIZE>; RX],
+}
+
+impl<const TX: usize, const RX: usize> PacketQueue<TX, RX> {
+    pub const fn new() -> Self {
+        const NEW_TDES: TDes = TDes::new();
+        const NEW_RDES: RDes = RDes::new();
+        Self {
+            tx_desc: [NEW_TDES; TX],
+            rx_desc: [NEW_RDES; RX],
+            tx_buf: [Packet([0; TX_BUFFER_SIZE]); TX],
+            rx_buf: [Packet([0; RX_BUFFER_SIZE]); RX],
+        }
+    }
+}
+
+static WAKER: AtomicWaker = AtomicWaker::new();
+
+#[cfg(feature = "embassy-net")]
+mod embassy_net_impl {
+    use core::task::Context;
+
+    use embassy_net::device::{Device, DeviceCapabilities, LinkState};
+
+    use super::*;
+
+    impl<'d, T: Instance, P: PHY> Device for Ethernet<'d, T, P> {
+        type RxToken<'a> = RxToken<'a, 'd> where Self: 'a;
+        type TxToken<'a> = TxToken<'a, 'd> where Self: 'a;
+
+        fn receive(&mut self, cx: &mut Context) -> Option<(Self::RxToken<'_>, Self::TxToken<'_>)> {
+            WAKER.register(cx.waker());
+            if self.rx.available().is_some() && self.tx.available().is_some() {
+                Some((RxToken { rx: &mut self.rx }, TxToken { tx: &mut self.tx }))
+            } else {
+                None
+            }
+        }
+
+        fn transmit(&mut self, cx: &mut Context) -> Option<Self::TxToken<'_>> {
+            WAKER.register(cx.waker());
+            if self.tx.available().is_some() {
+                Some(TxToken { tx: &mut self.tx })
+            } else {
+                None
+            }
+        }
+
+        fn capabilities(&self) -> DeviceCapabilities {
+            let mut caps = DeviceCapabilities::default();
+            caps.max_transmission_unit = MTU;
+            caps.max_burst_size = Some(self.tx.len());
+            caps
+        }
+
+        fn link_state(&mut self, cx: &mut Context) -> LinkState {
+            // TODO: wake cx.waker on link state change
+            cx.waker().wake_by_ref();
+            if P::poll_link(self) {
+                LinkState::Up
+            } else {
+                LinkState::Down
+            }
+        }
+
+        fn ethernet_address(&self) -> [u8; 6] {
+            self.mac_addr
+        }
+    }
+
+    pub struct RxToken<'a, 'd> {
+        rx: &'a mut RDesRing<'d>,
+    }
+
+    impl<'a, 'd> embassy_net::device::RxToken for RxToken<'a, 'd> {
+        fn consume<R, F>(self, f: F) -> R
+        where
+            F: FnOnce(&mut [u8]) -> R,
+        {
+            // NOTE(unwrap): we checked the queue wasn't full when creating the token.
+            let pkt = unwrap!(self.rx.available());
+            let r = f(pkt);
+            self.rx.pop_packet();
+            r
+        }
+    }
+
+    pub struct TxToken<'a, 'd> {
+        tx: &'a mut TDesRing<'d>,
+    }
+
+    impl<'a, 'd> embassy_net::device::TxToken for TxToken<'a, 'd> {
+        fn consume<R, F>(self, len: usize, f: F) -> R
+        where
+            F: FnOnce(&mut [u8]) -> R,
+        {
+            // NOTE(unwrap): we checked the queue wasn't full when creating the token.
+            let pkt = unwrap!(self.tx.available());
+            let r = f(&mut pkt[..len]);
+            self.tx.transmit(len);
+            r
+        }
+    }
+}
 /// Station Management Interface (SMI) on an ethernet PHY
 ///
 /// # Safety
diff --git a/embassy-stm32/src/eth/v1/descriptors.rs b/embassy-stm32/src/eth/v1/descriptors.rs
deleted file mode 100644
index 25f21ce1..00000000
--- a/embassy-stm32/src/eth/v1/descriptors.rs
+++ /dev/null
@@ -1,21 +0,0 @@
-use crate::eth::_version::rx_desc::RDesRing;
-use crate::eth::_version::tx_desc::TDesRing;
-
-pub struct DescriptorRing<const T: usize, const R: usize> {
-    pub(crate) tx: TDesRing<T>,
-    pub(crate) rx: RDesRing<R>,
-}
-
-impl<const T: usize, const R: usize> DescriptorRing<T, R> {
-    pub const fn new() -> Self {
-        Self {
-            tx: TDesRing::new(),
-            rx: RDesRing::new(),
-        }
-    }
-
-    pub fn init(&mut self) {
-        self.tx.init();
-        self.rx.init();
-    }
-}
diff --git a/embassy-stm32/src/eth/v1/mod.rs b/embassy-stm32/src/eth/v1/mod.rs
index 38629a93..de36d3da 100644
--- a/embassy-stm32/src/eth/v1/mod.rs
+++ b/embassy-stm32/src/eth/v1/mod.rs
@@ -1,14 +1,17 @@
 // The v1c ethernet driver was ported to embassy from the awesome stm32-eth project (https://github.com/stm32-rs/stm32-eth).
 
-use core::marker::PhantomData;
+mod rx_desc;
+mod tx_desc;
+
 use core::sync::atomic::{fence, Ordering};
-use core::task::Waker;
 
-use embassy_cortex_m::peripheral::{PeripheralMutex, PeripheralState, StateStorage};
+use embassy_cortex_m::interrupt::InterruptExt;
 use embassy_hal_common::{into_ref, PeripheralRef};
-use embassy_net::{Device, DeviceCapabilities, LinkState, PacketBuf, MTU};
-use embassy_sync::waitqueue::AtomicWaker;
+use stm32_metapac::eth::vals::{Apcs, Cr, Dm, DmaomrSr, Fes, Ftf, Ifg, MbProgress, Mw, Pbl, Rsf, St, Tsf};
 
+pub(crate) use self::rx_desc::{RDes, RDesRing};
+pub(crate) use self::tx_desc::{TDes, TDesRing};
+use super::*;
 use crate::gpio::sealed::{AFType, Pin as __GpioPin};
 use crate::gpio::{AnyPin, Speed};
 #[cfg(eth_v1a)]
@@ -18,29 +21,16 @@ use crate::pac::SYSCFG;
 use crate::pac::{ETH, RCC};
 use crate::Peripheral;
 
-mod descriptors;
-mod rx_desc;
-mod tx_desc;
+pub struct Ethernet<'d, T: Instance, P: PHY> {
+    _peri: PeripheralRef<'d, T>,
+    pub(crate) tx: TDesRing<'d>,
+    pub(crate) rx: RDesRing<'d>,
 
-use descriptors::DescriptorRing;
-use stm32_metapac::eth::vals::{Apcs, Cr, Dm, DmaomrSr, Fes, Ftf, Ifg, MbProgress, Mw, Pbl, Rsf, St, Tsf};
-
-use super::*;
-
-pub struct State<'d, T: Instance, const TX: usize, const RX: usize>(StateStorage<Inner<'d, T, TX, RX>>);
-impl<'d, T: Instance, const TX: usize, const RX: usize> State<'d, T, TX, RX> {
-    pub const fn new() -> Self {
-        Self(StateStorage::new())
-    }
-}
-
-pub struct Ethernet<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> {
-    state: PeripheralMutex<'d, Inner<'d, T, TX, RX>>,
     pins: [PeripheralRef<'d, AnyPin>; 9],
     _phy: P,
     clock_range: Cr,
     phy_addr: u8,
-    mac_addr: [u8; 6],
+    pub(crate) mac_addr: [u8; 6],
 }
 
 #[cfg(eth_v1a)]
@@ -82,10 +72,10 @@ macro_rules! config_pins {
     };
 }
 
-impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Ethernet<'d, T, P, TX, RX> {
+impl<'d, T: Instance, P: PHY> Ethernet<'d, T, P> {
     /// safety: the returned instance is not leak-safe
-    pub unsafe fn new(
-        state: &'d mut State<'d, T, TX, RX>,
+    pub fn new<const TX: usize, const RX: usize>(
+        queue: &'d mut PacketQueue<TX, RX>,
         peri: impl Peripheral<P = T> + 'd,
         interrupt: impl Peripheral<P = crate::interrupt::ETH> + 'd,
         ref_clk: impl Peripheral<P = impl RefClkPin<T>> + 'd,
@@ -101,134 +91,131 @@ impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Ethernet<'d, T,
         mac_addr: [u8; 6],
         phy_addr: u8,
     ) -> Self {
-        into_ref!(interrupt, ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
+        into_ref!(peri, interrupt, ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
 
-        // Enable the necessary Clocks
-        // NOTE(unsafe) We have exclusive access to the registers
-        #[cfg(eth_v1a)]
-        critical_section::with(|_| {
-            RCC.apb2enr().modify(|w| w.set_afioen(true));
+        unsafe {
+            // Enable the necessary Clocks
+            // NOTE(unsafe) We have exclusive access to the registers
+            #[cfg(eth_v1a)]
+            critical_section::with(|_| {
+                RCC.apb2enr().modify(|w| w.set_afioen(true));
 
-            // Select RMII (Reduced Media Independent Interface)
-            // Must be done prior to enabling peripheral clock
-            AFIO.mapr().modify(|w| w.set_mii_rmii_sel(true));
+                // Select RMII (Reduced Media Independent Interface)
+                // Must be done prior to enabling peripheral clock
+                AFIO.mapr().modify(|w| w.set_mii_rmii_sel(true));
 
-            RCC.ahbenr().modify(|w| {
-                w.set_ethen(true);
-                w.set_ethtxen(true);
-                w.set_ethrxen(true);
-            });
-        });
-
-        #[cfg(any(eth_v1b, eth_v1c))]
-        critical_section::with(|_| {
-            RCC.apb2enr().modify(|w| w.set_syscfgen(true));
-            RCC.ahb1enr().modify(|w| {
-                w.set_ethen(true);
-                w.set_ethtxen(true);
-                w.set_ethrxen(true);
+                RCC.ahbenr().modify(|w| {
+                    w.set_ethen(true);
+                    w.set_ethtxen(true);
+                    w.set_ethrxen(true);
+                });
             });
 
-            // RMII (Reduced Media Independent Interface)
-            SYSCFG.pmc().modify(|w| w.set_mii_rmii_sel(true));
-        });
+            #[cfg(any(eth_v1b, eth_v1c))]
+            critical_section::with(|_| {
+                RCC.apb2enr().modify(|w| w.set_syscfgen(true));
+                RCC.ahb1enr().modify(|w| {
+                    w.set_ethen(true);
+                    w.set_ethtxen(true);
+                    w.set_ethrxen(true);
+                });
 
-        #[cfg(eth_v1a)]
-        {
-            config_in_pins!(ref_clk, rx_d0, rx_d1);
-            config_af_pins!(mdio, mdc, tx_d0, tx_d1, tx_en);
-        }
+                // RMII (Reduced Media Independent Interface)
+                SYSCFG.pmc().modify(|w| w.set_mii_rmii_sel(true));
+            });
 
-        #[cfg(any(eth_v1b, eth_v1c))]
-        config_pins!(ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
-
-        // NOTE(unsafe) We are ourselves not leak-safe.
-        let state = PeripheralMutex::new(interrupt, &mut state.0, || Inner::new(peri));
-
-        // NOTE(unsafe) We have exclusive access to the registers
-        let dma = ETH.ethernet_dma();
-        let mac = ETH.ethernet_mac();
-
-        // Reset and wait
-        dma.dmabmr().modify(|w| w.set_sr(true));
-        while dma.dmabmr().read().sr() {}
-
-        mac.maccr().modify(|w| {
-            w.set_ifg(Ifg::IFG96); // inter frame gap 96 bit times
-            w.set_apcs(Apcs::STRIP); // automatic padding and crc stripping
-            w.set_fes(Fes::FES100); // fast ethernet speed
-            w.set_dm(Dm::FULLDUPLEX); // full duplex
-                                      // TODO: Carrier sense ? ECRSFD
-        });
-
-        // Note: Writing to LR triggers synchronisation of both LR and HR into the MAC core,
-        // so the LR write must happen after the HR write.
-        mac.maca0hr()
-            .modify(|w| w.set_maca0h(u16::from(mac_addr[4]) | (u16::from(mac_addr[5]) << 8)));
-        mac.maca0lr().write(|w| {
-            w.set_maca0l(
-                u32::from(mac_addr[0])
-                    | (u32::from(mac_addr[1]) << 8)
-                    | (u32::from(mac_addr[2]) << 16)
-                    | (u32::from(mac_addr[3]) << 24),
-            )
-        });
-
-        // pause time
-        mac.macfcr().modify(|w| w.set_pt(0x100));
-
-        // Transfer and Forward, Receive and Forward
-        dma.dmaomr().modify(|w| {
-            w.set_tsf(Tsf::STOREFORWARD);
-            w.set_rsf(Rsf::STOREFORWARD);
-        });
-
-        dma.dmabmr().modify(|w| {
-            w.set_pbl(Pbl::PBL32) // programmable burst length - 32 ?
-        });
-
-        // TODO MTU size setting not found for v1 ethernet, check if correct
-
-        // NOTE(unsafe) We got the peripheral singleton, which means that `rcc::init` was called
-        let hclk = crate::rcc::get_freqs().ahb1;
-        let hclk_mhz = hclk.0 / 1_000_000;
-
-        // Set the MDC clock frequency in the range 1MHz - 2.5MHz
-        let clock_range = match hclk_mhz {
-            0..=24 => panic!("Invalid HCLK frequency - should be at least 25 MHz."),
-            25..=34 => Cr::CR_20_35,     // Divide by 16
-            35..=59 => Cr::CR_35_60,     // Divide by 26
-            60..=99 => Cr::CR_60_100,    // Divide by 42
-            100..=149 => Cr::CR_100_150, // Divide by 62
-            150..=216 => Cr::CR_150_168, // Divide by 102
-            _ => {
-                panic!("HCLK results in MDC clock > 2.5MHz even for the highest CSR clock divider")
+            #[cfg(eth_v1a)]
+            {
+                config_in_pins!(ref_clk, rx_d0, rx_d1);
+                config_af_pins!(mdio, mdc, tx_d0, tx_d1, tx_en);
             }
-        };
 
-        let pins = [
-            ref_clk.map_into(),
-            mdio.map_into(),
-            mdc.map_into(),
-            crs.map_into(),
-            rx_d0.map_into(),
-            rx_d1.map_into(),
-            tx_d0.map_into(),
-            tx_d1.map_into(),
-            tx_en.map_into(),
-        ];
+            #[cfg(any(eth_v1b, eth_v1c))]
+            config_pins!(ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
 
-        let mut this = Self {
-            state,
-            pins,
-            _phy: phy,
-            clock_range,
-            phy_addr,
-            mac_addr,
-        };
+            // NOTE(unsafe) We have exclusive access to the registers
+            let dma = ETH.ethernet_dma();
+            let mac = ETH.ethernet_mac();
 
-        this.state.with(|s| {
-            s.desc_ring.init();
+            // Reset and wait
+            dma.dmabmr().modify(|w| w.set_sr(true));
+            while dma.dmabmr().read().sr() {}
+
+            mac.maccr().modify(|w| {
+                w.set_ifg(Ifg::IFG96); // inter frame gap 96 bit times
+                w.set_apcs(Apcs::STRIP); // automatic padding and crc stripping
+                w.set_fes(Fes::FES100); // fast ethernet speed
+                w.set_dm(Dm::FULLDUPLEX); // full duplex
+                                          // TODO: Carrier sense ? ECRSFD
+            });
+
+            // Note: Writing to LR triggers synchronisation of both LR and HR into the MAC core,
+            // so the LR write must happen after the HR write.
+            mac.maca0hr()
+                .modify(|w| w.set_maca0h(u16::from(mac_addr[4]) | (u16::from(mac_addr[5]) << 8)));
+            mac.maca0lr().write(|w| {
+                w.set_maca0l(
+                    u32::from(mac_addr[0])
+                        | (u32::from(mac_addr[1]) << 8)
+                        | (u32::from(mac_addr[2]) << 16)
+                        | (u32::from(mac_addr[3]) << 24),
+                )
+            });
+
+            // pause time
+            mac.macfcr().modify(|w| w.set_pt(0x100));
+
+            // Transfer and Forward, Receive and Forward
+            dma.dmaomr().modify(|w| {
+                w.set_tsf(Tsf::STOREFORWARD);
+                w.set_rsf(Rsf::STOREFORWARD);
+            });
+
+            dma.dmabmr().modify(|w| {
+                w.set_pbl(Pbl::PBL32) // programmable burst length - 32 ?
+            });
+
+            // TODO MTU size setting not found for v1 ethernet, check if correct
+
+            // NOTE(unsafe) We got the peripheral singleton, which means that `rcc::init` was called
+            let hclk = crate::rcc::get_freqs().ahb1;
+            let hclk_mhz = hclk.0 / 1_000_000;
+
+            // Set the MDC clock frequency in the range 1MHz - 2.5MHz
+            let clock_range = match hclk_mhz {
+                0..=24 => panic!("Invalid HCLK frequency - should be at least 25 MHz."),
+                25..=34 => Cr::CR_20_35,     // Divide by 16
+                35..=59 => Cr::CR_35_60,     // Divide by 26
+                60..=99 => Cr::CR_60_100,    // Divide by 42
+                100..=149 => Cr::CR_100_150, // Divide by 62
+                150..=216 => Cr::CR_150_168, // Divide by 102
+                _ => {
+                    panic!("HCLK results in MDC clock > 2.5MHz even for the highest CSR clock divider")
+                }
+            };
+
+            let pins = [
+                ref_clk.map_into(),
+                mdio.map_into(),
+                mdc.map_into(),
+                crs.map_into(),
+                rx_d0.map_into(),
+                rx_d1.map_into(),
+                tx_d0.map_into(),
+                tx_d1.map_into(),
+                tx_en.map_into(),
+            ];
+
+            let mut this = Self {
+                _peri: peri,
+                pins,
+                _phy: phy,
+                clock_range,
+                phy_addr,
+                mac_addr,
+                tx: TDesRing::new(&mut queue.tx_desc, &mut queue.tx_buf),
+                rx: RDesRing::new(&mut queue.rx_desc, &mut queue.rx_buf),
+            };
 
             fence(Ordering::SeqCst);
 
@@ -245,23 +232,45 @@ impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Ethernet<'d, T,
                 w.set_sr(DmaomrSr::STARTED); // start receiving channel
             });
 
+            this.rx.demand_poll();
+
             // Enable interrupts
             dma.dmaier().modify(|w| {
                 w.set_nise(true);
                 w.set_rie(true);
                 w.set_tie(true);
             });
-        });
-        P::phy_reset(&mut this);
-        P::phy_init(&mut this);
 
-        this
+            P::phy_reset(&mut this);
+            P::phy_init(&mut this);
+
+            interrupt.set_handler(Self::on_interrupt);
+            interrupt.enable();
+
+            this
+        }
+    }
+
+    fn on_interrupt(_cx: *mut ()) {
+        WAKER.wake();
+
+        // TODO: Check and clear more flags
+        unsafe {
+            let dma = ETH.ethernet_dma();
+
+            dma.dmasr().modify(|w| {
+                w.set_ts(true);
+                w.set_rs(true);
+                w.set_nis(true);
+            });
+            // Delay two peripheral's clock
+            dma.dmasr().read();
+            dma.dmasr().read();
+        }
     }
 }
 
-unsafe impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> StationManagement
-    for Ethernet<'d, T, P, TX, RX>
-{
+unsafe impl<'d, T: Instance, P: PHY> StationManagement for Ethernet<'d, T, P> {
     fn smi_read(&mut self, reg: u8) -> u16 {
         // NOTE(unsafe) These registers aren't used in the interrupt and we have `&mut self`
         unsafe {
@@ -297,44 +306,7 @@ unsafe impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> StationMa
     }
 }
 
-impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Device for Ethernet<'d, T, P, TX, RX> {
-    fn is_transmit_ready(&mut self) -> bool {
-        self.state.with(|s| s.desc_ring.tx.available())
-    }
-
-    fn transmit(&mut self, pkt: PacketBuf) {
-        self.state.with(|s| unwrap!(s.desc_ring.tx.transmit(pkt)));
-    }
-
-    fn receive(&mut self) -> Option<PacketBuf> {
-        self.state.with(|s| s.desc_ring.rx.pop_packet())
-    }
-
-    fn register_waker(&mut self, waker: &Waker) {
-        WAKER.register(waker);
-    }
-
-    fn capabilities(&self) -> DeviceCapabilities {
-        let mut caps = DeviceCapabilities::default();
-        caps.max_transmission_unit = MTU;
-        caps.max_burst_size = Some(TX.min(RX));
-        caps
-    }
-
-    fn link_state(&mut self) -> LinkState {
-        if P::poll_link(self) {
-            LinkState::Up
-        } else {
-            LinkState::Down
-        }
-    }
-
-    fn ethernet_address(&self) -> [u8; 6] {
-        self.mac_addr
-    }
-}
-
-impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Drop for Ethernet<'d, T, P, TX, RX> {
+impl<'d, T: Instance, P: PHY> Drop for Ethernet<'d, T, P> {
     fn drop(&mut self) {
         // NOTE(unsafe) We have `&mut self` and the interrupt doesn't use this registers
         unsafe {
@@ -361,46 +333,3 @@ impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Drop for Etherne
         })
     }
 }
-
-//----------------------------------------------------------------------
-
-struct Inner<'d, T: Instance, const TX: usize, const RX: usize> {
-    _peri: PhantomData<&'d mut T>,
-    desc_ring: DescriptorRing<TX, RX>,
-}
-
-impl<'d, T: Instance, const TX: usize, const RX: usize> Inner<'d, T, TX, RX> {
-    pub fn new(_peri: impl Peripheral<P = T> + 'd) -> Self {
-        Self {
-            _peri: PhantomData,
-            desc_ring: DescriptorRing::new(),
-        }
-    }
-}
-
-impl<'d, T: Instance, const TX: usize, const RX: usize> PeripheralState for Inner<'d, T, TX, RX> {
-    type Interrupt = crate::interrupt::ETH;
-
-    fn on_interrupt(&mut self) {
-        unwrap!(self.desc_ring.tx.on_interrupt());
-        self.desc_ring.rx.on_interrupt();
-
-        WAKER.wake();
-
-        // TODO: Check and clear more flags
-        unsafe {
-            let dma = ETH.ethernet_dma();
-
-            dma.dmasr().modify(|w| {
-                w.set_ts(true);
-                w.set_rs(true);
-                w.set_nis(true);
-            });
-            // Delay two peripheral's clock
-            dma.dmasr().read();
-            dma.dmasr().read();
-        }
-    }
-}
-
-static WAKER: AtomicWaker = AtomicWaker::new();
diff --git a/embassy-stm32/src/eth/v1/rx_desc.rs b/embassy-stm32/src/eth/v1/rx_desc.rs
index d482590a..8b8566d9 100644
--- a/embassy-stm32/src/eth/v1/rx_desc.rs
+++ b/embassy-stm32/src/eth/v1/rx_desc.rs
@@ -1,9 +1,9 @@
 use core::sync::atomic::{compiler_fence, fence, Ordering};
 
-use embassy_net::{Packet, PacketBox, PacketBoxExt, PacketBuf};
-use stm32_metapac::eth::vals::{DmaomrSr, Rpd, Rps};
+use stm32_metapac::eth::vals::{Rpd, Rps};
 use vcell::VolatileCell;
 
+use crate::eth::RX_BUFFER_SIZE;
 use crate::pac::ETH;
 
 mod rx_consts {
@@ -28,6 +28,8 @@ mod rx_consts {
 
 use rx_consts::*;
 
+use super::Packet;
+
 /// Receive Descriptor representation
 ///
 /// * rdes0: OWN and Status
@@ -35,7 +37,7 @@ use rx_consts::*;
 /// * rdes2: data buffer address
 /// * rdes3: next descriptor address
 #[repr(C)]
-struct RDes {
+pub(crate) struct RDes {
     rdes0: VolatileCell<u32>,
     rdes1: VolatileCell<u32>,
     rdes2: VolatileCell<u32>,
@@ -54,7 +56,7 @@ impl RDes {
 
     /// Return true if this RDes is acceptable to us
     #[inline(always)]
-    pub fn valid(&self) -> bool {
+    fn valid(&self) -> bool {
         // Write-back descriptor is valid if:
         //
         // Contains first buffer of packet AND contains last buf of
@@ -64,15 +66,16 @@ impl RDes {
 
     /// Return true if this RDes is not currently owned by the DMA
     #[inline(always)]
-    pub fn available(&self) -> bool {
+    fn available(&self) -> bool {
         self.rdes0.get() & RXDESC_0_OWN == 0 // Owned by us
     }
 
     /// Configures the reception buffer address and length and passed descriptor ownership to the DMA
     #[inline(always)]
-    pub fn set_ready(&mut self, buf_addr: u32, buf_len: usize) {
-        self.rdes1.set(self.rdes1.get() | (buf_len as u32) & RXDESC_1_RBS_MASK);
-        self.rdes2.set(buf_addr);
+    fn set_ready(&self, buf: *mut u8) {
+        self.rdes1
+            .set(self.rdes1.get() | (RX_BUFFER_SIZE as u32) & RXDESC_1_RBS_MASK);
+        self.rdes2.set(buf as u32);
 
         // "Preceding reads and writes cannot be moved past subsequent writes."
         fence(Ordering::Release);
@@ -88,12 +91,12 @@ impl RDes {
 
     // points to next descriptor (RCH)
     #[inline(always)]
-    fn set_buffer2(&mut self, buffer: *const u8) {
+    fn set_buffer2(&self, buffer: *const u8) {
         self.rdes3.set(buffer as u32);
     }
 
     #[inline(always)]
-    fn set_end_of_ring(&mut self) {
+    fn set_end_of_ring(&self) {
         self.rdes1.set(self.rdes1.get() | RXDESC_1_RER);
     }
 
@@ -102,7 +105,7 @@ impl RDes {
         ((self.rdes0.get() >> RXDESC_0_FL_SHIFT) & RXDESC_0_FL_MASK) as usize
     }
 
-    pub fn setup(&mut self, next: Option<&Self>) {
+    fn setup(&self, next: Option<&Self>, buf: *mut u8) {
         // Defer this initialization to this function, so we can have `RingEntry` on bss.
         self.rdes1.set(self.rdes1.get() | RXDESC_1_RCH);
 
@@ -113,8 +116,11 @@ impl RDes {
                 self.set_end_of_ring();
             }
         }
+
+        self.set_ready(buf);
     }
 }
+
 /// Running state of the `RxRing`
 #[derive(PartialEq, Eq, Debug)]
 pub enum RunningState {
@@ -123,116 +129,42 @@ pub enum RunningState {
     Running,
 }
 
-impl RunningState {
-    /// whether self equals to `RunningState::Running`
-    pub fn is_running(&self) -> bool {
-        *self == RunningState::Running
-    }
-}
-
 /// Rx ring of descriptors and packets
-///
-/// This ring has three major locations that work in lock-step. The DMA will never write to the tail
-/// index, so the `read_index` must never pass the tail index. The `next_tail_index` is always 1
-/// slot ahead of the real tail index, and it must never pass the `read_index` or it could overwrite
-/// a packet still to be passed to the application.
-///
-///                                                                   nt can't pass r (no alloc)
-/// +---+---+---+---+  Read ok       +---+---+---+---+ No Read       +---+---+---+---+
-/// |   |   |   |   |  ------------> |   |   |   |   | ------------> |   |   |   |   |
-/// +---+---+---+---+  Allocation ok +---+---+---+---+               +---+---+---+---+
-///   ^           ^t                   ^t  ^                           ^t  ^
-///   |r                                   |r                              |r
-///   |nt                                  |nt                             |nt
-///
-///
-/// +---+---+---+---+  Read ok         +---+---+---+---+ Can't read    +---+---+---+---+
-/// |   |   |   |   |  ------------>   |   |   |   |   | ------------> |   |   |   |   |
-/// +---+---+---+---+  Allocation fail +---+---+---+---+ Allocation ok +---+---+---+---+
-///       ^   ^t  ^                              ^t  ^                   ^       ^   ^t
-///       |r      |                              |r  |                   |       |r
-///               |nt                                |nt                 |nt
-///
-pub(crate) struct RDesRing<const N: usize> {
-    descriptors: [RDes; N],
-    buffers: [Option<PacketBox>; N],
-    read_index: usize,
-    next_tail_index: usize,
+pub(crate) struct RDesRing<'a> {
+    descriptors: &'a mut [RDes],
+    buffers: &'a mut [Packet<RX_BUFFER_SIZE>],
+    index: usize,
 }
 
-impl<const N: usize> RDesRing<N> {
-    pub const fn new() -> Self {
-        const RDES: RDes = RDes::new();
-        const BUFFERS: Option<PacketBox> = None;
+impl<'a> RDesRing<'a> {
+    pub(crate) fn new(descriptors: &'a mut [RDes], buffers: &'a mut [Packet<RX_BUFFER_SIZE>]) -> Self {
+        assert!(descriptors.len() > 1);
+        assert!(descriptors.len() == buffers.len());
 
-        Self {
-            descriptors: [RDES; N],
-            buffers: [BUFFERS; N],
-            read_index: 0,
-            next_tail_index: 0,
-        }
-    }
-
-    pub(crate) fn init(&mut self) {
-        assert!(N > 1);
-        let mut last_index = 0;
-        for (index, buf) in self.buffers.iter_mut().enumerate() {
-            let pkt = match PacketBox::new(Packet::new()) {
-                Some(p) => p,
-                None => {
-                    if index == 0 {
-                        panic!("Could not allocate at least one buffer for Ethernet receiving");
-                    } else {
-                        break;
-                    }
-                }
-            };
-            self.descriptors[index].set_ready(pkt.as_ptr() as u32, pkt.len());
-            *buf = Some(pkt);
-            last_index = index;
-        }
-        self.next_tail_index = (last_index + 1) % N;
-
-        // not sure if this is supposed to span all of the descriptor or just those that contain buffers
-        {
-            let mut previous: Option<&mut RDes> = None;
-            for entry in self.descriptors.iter_mut() {
-                if let Some(prev) = &mut previous {
-                    prev.setup(Some(entry));
-                }
-                previous = Some(entry);
-            }
-
-            if let Some(entry) = &mut previous {
-                entry.setup(None);
-            }
+        for (i, entry) in descriptors.iter().enumerate() {
+            entry.setup(descriptors.get(i + 1), buffers[i].0.as_mut_ptr());
         }
 
-        // Register txdescriptor start
+        // Register rx descriptor start
         // NOTE (unsafe) Used for atomic writes
         unsafe {
             ETH.ethernet_dma()
                 .dmardlar()
-                .write(|w| w.0 = &self.descriptors as *const _ as u32);
+                .write(|w| w.0 = descriptors.as_ptr() as u32);
         };
         // We already have fences in `set_owned`, which is called in `setup`
 
-        // Start receive
-        unsafe { ETH.ethernet_dma().dmaomr().modify(|w| w.set_sr(DmaomrSr::STARTED)) };
-
-        self.demand_poll();
+        Self {
+            descriptors,
+            buffers,
+            index: 0,
+        }
     }
 
-    fn demand_poll(&self) {
+    pub(crate) fn demand_poll(&self) {
         unsafe { ETH.ethernet_dma().dmarpdr().write(|w| w.set_rpd(Rpd::POLL)) };
     }
 
-    pub(crate) fn on_interrupt(&mut self) {
-        // XXX: Do we need to do anything here ? Maybe we should try to advance the tail ptr, but it
-        // would soon hit the read ptr anyway, and we will wake smoltcp's stack on the interrupt
-        // which should try to pop a packet...
-    }
-
     /// Get current `RunningState`
     fn running_state(&self) -> RunningState {
         match unsafe { ETH.ethernet_dma().dmasr().read().rps() } {
@@ -252,52 +184,52 @@ impl<const N: usize> RDesRing<N> {
         }
     }
 
-    pub(crate) fn pop_packet(&mut self) -> Option<PacketBuf> {
-        if !self.running_state().is_running() {
+    /// Get a received packet if any, or None.
+    pub(crate) fn available(&mut self) -> Option<&mut [u8]> {
+        if self.running_state() != RunningState::Running {
             self.demand_poll();
         }
+
         // Not sure if the contents of the write buffer on the M7 can affects reads, so we are using
         // a DMB here just in case, it also serves as a hint to the compiler that we're syncing the
         // buffer (I think .-.)
         fence(Ordering::SeqCst);
 
-        let read_available = self.descriptors[self.read_index].available();
-        let tail_index = (self.next_tail_index + N - 1) % N;
-
-        let pkt = if read_available && self.read_index != tail_index {
-            let pkt = self.buffers[self.read_index].take();
-            let len = self.descriptors[self.read_index].packet_len();
-
-            assert!(pkt.is_some());
-            let valid = self.descriptors[self.read_index].valid();
-
-            self.read_index = (self.read_index + 1) % N;
-            if valid {
-                pkt.map(|p| p.slice(0..len))
-            } else {
-                None
+        // We might have to process many packets, in case some have been rx'd but are invalid.
+        loop {
+            let descriptor = &mut self.descriptors[self.index];
+            if !descriptor.available() {
+                return None;
             }
-        } else {
-            None
-        };
 
-        // Try to advance the tail_index
-        if self.next_tail_index != self.read_index {
-            match PacketBox::new(Packet::new()) {
-                Some(b) => {
-                    let addr = b.as_ptr() as u32;
-                    let buffer_len = b.len();
-                    self.buffers[self.next_tail_index].replace(b);
-                    self.descriptors[self.next_tail_index].set_ready(addr, buffer_len);
-
-                    // "Preceding reads and writes cannot be moved past subsequent writes."
-                    fence(Ordering::Release);
-
-                    self.next_tail_index = (self.next_tail_index + 1) % N;
-                }
-                None => {}
+            // If packet is invalid, pop it and try again.
+            if !descriptor.valid() {
+                warn!("invalid packet: {:08x}", descriptor.rdes0.get());
+                self.pop_packet();
+                continue;
             }
+
+            break;
+        }
+
+        let descriptor = &mut self.descriptors[self.index];
+        let len = descriptor.packet_len();
+        return Some(&mut self.buffers[self.index].0[..len]);
+    }
+
+    /// Pop the packet previously returned by `available`.
+    pub(crate) fn pop_packet(&mut self) {
+        let descriptor = &mut self.descriptors[self.index];
+        assert!(descriptor.available());
+
+        self.descriptors[self.index].set_ready(self.buffers[self.index].0.as_mut_ptr());
+
+        self.demand_poll();
+
+        // Increment index.
+        self.index += 1;
+        if self.index == self.descriptors.len() {
+            self.index = 0
         }
-        pkt
     }
 }
diff --git a/embassy-stm32/src/eth/v1/tx_desc.rs b/embassy-stm32/src/eth/v1/tx_desc.rs
index f2889b55..0e63c544 100644
--- a/embassy-stm32/src/eth/v1/tx_desc.rs
+++ b/embassy-stm32/src/eth/v1/tx_desc.rs
@@ -1,20 +1,10 @@
 use core::sync::atomic::{compiler_fence, fence, Ordering};
 
-use embassy_net::PacketBuf;
-use stm32_metapac::eth::vals::St;
 use vcell::VolatileCell;
 
+use crate::eth::TX_BUFFER_SIZE;
 use crate::pac::ETH;
 
-#[non_exhaustive]
-#[derive(Debug, Copy, Clone)]
-#[cfg_attr(feature = "defmt", derive(defmt::Format))]
-pub enum Error {
-    NoBufferAvailable,
-    // TODO: Break down this error into several others
-    TransmissionError,
-}
-
 /// Transmit and Receive Descriptor fields
 #[allow(dead_code)]
 mod tx_consts {
@@ -37,6 +27,8 @@ mod tx_consts {
 }
 use tx_consts::*;
 
+use super::Packet;
+
 /// Transmit Descriptor representation
 ///
 /// * tdes0: control
@@ -44,7 +36,7 @@ use tx_consts::*;
 /// * tdes2: data buffer address
 /// * tdes3: next descriptor address
 #[repr(C)]
-struct TDes {
+pub(crate) struct TDes {
     tdes0: VolatileCell<u32>,
     tdes1: VolatileCell<u32>,
     tdes2: VolatileCell<u32>,
@@ -62,7 +54,7 @@ impl TDes {
     }
 
     /// Return true if this TDes is not currently owned by the DMA
-    pub fn available(&self) -> bool {
+    fn available(&self) -> bool {
         (self.tdes0.get() & TXDESC_0_OWN) == 0
     }
 
@@ -79,26 +71,26 @@ impl TDes {
         fence(Ordering::SeqCst);
     }
 
-    fn set_buffer1(&mut self, buffer: *const u8) {
+    fn set_buffer1(&self, buffer: *const u8) {
         self.tdes2.set(buffer as u32);
     }
 
-    fn set_buffer1_len(&mut self, len: usize) {
+    fn set_buffer1_len(&self, len: usize) {
         self.tdes1
             .set((self.tdes1.get() & !TXDESC_1_TBS_MASK) | ((len as u32) << TXDESC_1_TBS_SHIFT));
     }
 
     // points to next descriptor (RCH)
-    fn set_buffer2(&mut self, buffer: *const u8) {
+    fn set_buffer2(&self, buffer: *const u8) {
         self.tdes3.set(buffer as u32);
     }
 
-    fn set_end_of_ring(&mut self) {
+    fn set_end_of_ring(&self) {
         self.tdes0.set(self.tdes0.get() | TXDESC_0_TER);
     }
 
     // set up as a part fo the ring buffer - configures the tdes
-    pub fn setup(&mut self, next: Option<&Self>) {
+    fn setup(&self, next: Option<&Self>) {
         // Defer this initialization to this function, so we can have `RingEntry` on bss.
         self.tdes0.set(TXDESC_0_TCH | TXDESC_0_IOC | TXDESC_0_FS | TXDESC_0_LS);
         match next {
@@ -111,85 +103,58 @@ impl TDes {
     }
 }
 
-pub(crate) struct TDesRing<const N: usize> {
-    descriptors: [TDes; N],
-    buffers: [Option<PacketBuf>; N],
-    next_entry: usize,
+pub(crate) struct TDesRing<'a> {
+    descriptors: &'a mut [TDes],
+    buffers: &'a mut [Packet<TX_BUFFER_SIZE>],
+    index: usize,
 }
 
-impl<const N: usize> TDesRing<N> {
-    pub const fn new() -> Self {
-        const TDES: TDes = TDes::new();
-        const BUFFERS: Option<PacketBuf> = None;
-
-        Self {
-            descriptors: [TDES; N],
-            buffers: [BUFFERS; N],
-            next_entry: 0,
-        }
-    }
-
+impl<'a> TDesRing<'a> {
     /// Initialise this TDesRing. Assume TDesRing is corrupt
-    ///
-    /// The current memory address of the buffers inside this TDesRing
-    /// will be stored in the descriptors, so ensure the TDesRing is
-    /// not moved after initialisation.
-    pub(crate) fn init(&mut self) {
-        assert!(N > 0);
+    pub(crate) fn new(descriptors: &'a mut [TDes], buffers: &'a mut [Packet<TX_BUFFER_SIZE>]) -> Self {
+        assert!(descriptors.len() > 0);
+        assert!(descriptors.len() == buffers.len());
 
-        {
-            let mut previous: Option<&mut TDes> = None;
-            for entry in self.descriptors.iter_mut() {
-                if let Some(prev) = &mut previous {
-                    prev.setup(Some(entry));
-                }
-                previous = Some(entry);
-            }
-
-            if let Some(entry) = &mut previous {
-                entry.setup(None);
-            }
+        for (i, entry) in descriptors.iter().enumerate() {
+            entry.setup(descriptors.get(i + 1));
         }
-        self.next_entry = 0;
 
         // Register txdescriptor start
         // NOTE (unsafe) Used for atomic writes
         unsafe {
             ETH.ethernet_dma()
                 .dmatdlar()
-                .write(|w| w.0 = &self.descriptors as *const _ as u32);
+                .write(|w| w.0 = descriptors.as_ptr() as u32);
         }
 
-        // "Preceding reads and writes cannot be moved past subsequent writes."
-        #[cfg(feature = "fence")]
-        fence(Ordering::Release);
-
-        // We don't need a compiler fence here because all interactions with `Descriptor` are
-        // volatiles
-
-        // Start transmission
-        unsafe { ETH.ethernet_dma().dmaomr().modify(|w| w.set_st(St::STARTED)) };
-    }
-
-    /// Return true if a TDes is available for use
-    pub(crate) fn available(&self) -> bool {
-        self.descriptors[self.next_entry].available()
-    }
-
-    pub(crate) fn transmit(&mut self, pkt: PacketBuf) -> Result<(), Error> {
-        if !self.available() {
-            return Err(Error::NoBufferAvailable);
+        Self {
+            descriptors,
+            buffers,
+            index: 0,
         }
+    }
 
-        let descriptor = &mut self.descriptors[self.next_entry];
+    pub(crate) fn len(&self) -> usize {
+        self.descriptors.len()
+    }
 
-        let pkt_len = pkt.len();
-        let address = pkt.as_ptr() as *const u8;
+    /// Return the next available packet buffer for transmitting, or None
+    pub(crate) fn available(&mut self) -> Option<&mut [u8]> {
+        let descriptor = &mut self.descriptors[self.index];
+        if descriptor.available() {
+            Some(&mut self.buffers[self.index].0)
+        } else {
+            None
+        }
+    }
 
-        descriptor.set_buffer1(address);
-        descriptor.set_buffer1_len(pkt_len);
+    /// Transmit the packet written in a buffer returned by `available`.
+    pub(crate) fn transmit(&mut self, len: usize) {
+        let descriptor = &mut self.descriptors[self.index];
+        assert!(descriptor.available());
 
-        self.buffers[self.next_entry].replace(pkt);
+        descriptor.set_buffer1(self.buffers[self.index].0.as_ptr());
+        descriptor.set_buffer1_len(len);
 
         descriptor.set_owned();
 
@@ -198,36 +163,12 @@ impl<const N: usize> TDesRing<N> {
         // "Preceding reads and writes cannot be moved past subsequent writes."
         fence(Ordering::Release);
 
-        // Move the tail pointer (TPR) to the next descriptor
-        self.next_entry = (self.next_entry + 1) % N;
-
+        // Move the index to the next descriptor
+        self.index += 1;
+        if self.index == self.descriptors.len() {
+            self.index = 0
+        }
         // Request the DMA engine to poll the latest tx descriptor
         unsafe { ETH.ethernet_dma().dmatpdr().modify(|w| w.0 = 1) }
-        Ok(())
-    }
-
-    pub(crate) fn on_interrupt(&mut self) -> Result<(), Error> {
-        let previous = (self.next_entry + N - 1) % N;
-        let td = &self.descriptors[previous];
-
-        // DMB to ensure that we are reading an updated value, probably not needed at the hardware
-        // level, but this is also a hint to the compiler that we're syncing on the buffer.
-        fence(Ordering::SeqCst);
-
-        let tdes0 = td.tdes0.get();
-
-        if tdes0 & TXDESC_0_OWN != 0 {
-            // Transmission isn't done yet, probably a receive interrupt that fired this
-            return Ok(());
-        }
-
-        // Release the buffer
-        self.buffers[previous].take();
-
-        if tdes0 & TXDESC_0_ES != 0 {
-            Err(Error::TransmissionError)
-        } else {
-            Ok(())
-        }
     }
 }
diff --git a/embassy-stm32/src/eth/v2/descriptors.rs b/embassy-stm32/src/eth/v2/descriptors.rs
index c6c06a9c..2426596f 100644
--- a/embassy-stm32/src/eth/v2/descriptors.rs
+++ b/embassy-stm32/src/eth/v2/descriptors.rs
@@ -1,19 +1,10 @@
 use core::sync::atomic::{fence, Ordering};
 
-use embassy_net::{Packet, PacketBox, PacketBoxExt, PacketBuf};
 use vcell::VolatileCell;
 
+use crate::eth::{Packet, RX_BUFFER_SIZE, TX_BUFFER_SIZE};
 use crate::pac::ETH;
 
-#[non_exhaustive]
-#[derive(Debug, Copy, Clone)]
-#[cfg_attr(feature = "defmt", derive(defmt::Format))]
-pub enum Error {
-    NoBufferAvailable,
-    // TODO: Break down this error into several others
-    TransmissionError,
-}
-
 /// Transmit and Receive Descriptor fields
 #[allow(dead_code)]
 mod emac_consts {
@@ -41,7 +32,7 @@ use emac_consts::*;
 /// * tdes2: buffer lengths
 /// * tdes3: control and payload/frame length
 #[repr(C)]
-struct TDes {
+pub(crate) struct TDes {
     tdes0: VolatileCell<u32>,
     tdes1: VolatileCell<u32>,
     tdes2: VolatileCell<u32>,
@@ -59,41 +50,26 @@ impl TDes {
     }
 
     /// Return true if this TDes is not currently owned by the DMA
-    pub fn available(&self) -> bool {
+    fn available(&self) -> bool {
         self.tdes3.get() & EMAC_DES3_OWN == 0
     }
 }
 
-pub(crate) struct TDesRing<const N: usize> {
-    td: [TDes; N],
-    buffers: [Option<PacketBuf>; N],
-    tdidx: usize,
+pub(crate) struct TDesRing<'a> {
+    descriptors: &'a mut [TDes],
+    buffers: &'a mut [Packet<TX_BUFFER_SIZE>],
+    index: usize,
 }
 
-impl<const N: usize> TDesRing<N> {
-    pub const fn new() -> Self {
-        const TDES: TDes = TDes::new();
-        const BUFFERS: Option<PacketBuf> = None;
+impl<'a> TDesRing<'a> {
+    /// Initialise this TDesRing. Assume TDesRing is corrupt.
+    pub fn new(descriptors: &'a mut [TDes], buffers: &'a mut [Packet<TX_BUFFER_SIZE>]) -> Self {
+        assert!(descriptors.len() > 0);
+        assert!(descriptors.len() == buffers.len());
 
-        Self {
-            td: [TDES; N],
-            buffers: [BUFFERS; N],
-            tdidx: 0,
-        }
-    }
-
-    /// Initialise this TDesRing. Assume TDesRing is corrupt
-    ///
-    /// The current memory address of the buffers inside this TDesRing
-    /// will be stored in the descriptors, so ensure the TDesRing is
-    /// not moved after initialisation.
-    pub(crate) fn init(&mut self) {
-        assert!(N > 0);
-
-        for td in self.td.iter_mut() {
+        for td in descriptors.iter_mut() {
             *td = TDes::new();
         }
-        self.tdidx = 0;
 
         // Initialize the pointers in the DMA engine. (There will be a memory barrier later
         // before the DMA engine is enabled.)
@@ -101,80 +77,60 @@ impl<const N: usize> TDesRing<N> {
         unsafe {
             let dma = ETH.ethernet_dma();
 
-            dma.dmactx_dlar().write(|w| w.0 = &self.td as *const _ as u32);
-            dma.dmactx_rlr().write(|w| w.set_tdrl((N as u16) - 1));
-            dma.dmactx_dtpr().write(|w| w.0 = &self.td[0] as *const _ as u32);
+            dma.dmactx_dlar().write(|w| w.0 = descriptors.as_mut_ptr() as u32);
+            dma.dmactx_rlr().write(|w| w.set_tdrl((descriptors.len() as u16) - 1));
+            dma.dmactx_dtpr().write(|w| w.0 = 0);
+        }
+
+        Self {
+            descriptors,
+            buffers,
+            index: 0,
         }
     }
 
-    /// Return true if a TDes is available for use
-    pub(crate) fn available(&self) -> bool {
-        self.td[self.tdidx].available()
+    pub(crate) fn len(&self) -> usize {
+        self.descriptors.len()
     }
 
-    pub(crate) fn transmit(&mut self, pkt: PacketBuf) -> Result<(), Error> {
-        if !self.available() {
-            return Err(Error::NoBufferAvailable);
+    /// Return the next available packet buffer for transmitting, or None
+    pub(crate) fn available(&mut self) -> Option<&mut [u8]> {
+        let d = &mut self.descriptors[self.index];
+        if d.available() {
+            Some(&mut self.buffers[self.index].0)
+        } else {
+            None
         }
-        let x = self.tdidx;
-        let td = &mut self.td[x];
+    }
 
-        let pkt_len = pkt.len();
-        assert!(pkt_len as u32 <= EMAC_TDES2_B1L);
-        let address = pkt.as_ptr() as u32;
+    /// Transmit the packet written in a buffer returned by `available`.
+    pub(crate) fn transmit(&mut self, len: usize) {
+        let td = &mut self.descriptors[self.index];
+        assert!(td.available());
+        assert!(len as u32 <= EMAC_TDES2_B1L);
 
         // Read format
-        td.tdes0.set(address);
-        td.tdes2.set(pkt_len as u32 & EMAC_TDES2_B1L | EMAC_TDES2_IOC);
+        td.tdes0.set(self.buffers[self.index].0.as_ptr() as u32);
+        td.tdes2.set(len as u32 & EMAC_TDES2_B1L | EMAC_TDES2_IOC);
 
         // FD: Contains first buffer of packet
         // LD: Contains last buffer of packet
         // Give the DMA engine ownership
         td.tdes3.set(EMAC_DES3_FD | EMAC_DES3_LD | EMAC_DES3_OWN);
 
-        self.buffers[x].replace(pkt);
-
         // Ensure changes to the descriptor are committed before DMA engine sees tail pointer store.
         // This will generate an DMB instruction.
         // "Preceding reads and writes cannot be moved past subsequent writes."
         fence(Ordering::Release);
 
-        // Move the tail pointer (TPR) to the next descriptor
-        let x = (x + 1) % N;
+        self.index = self.index + 1;
+        if self.index == self.descriptors.len() {
+            self.index = 0;
+        }
+
+        // signal DMA it can try again.
         // NOTE(unsafe) Atomic write
-        unsafe {
-            ETH.ethernet_dma()
-                .dmactx_dtpr()
-                .write(|w| w.0 = &self.td[x] as *const _ as u32);
-        }
-        self.tdidx = x;
-        Ok(())
-    }
-
-    pub(crate) fn on_interrupt(&mut self) -> Result<(), Error> {
-        let previous = (self.tdidx + N - 1) % N;
-        let td = &self.td[previous];
-
-        // DMB to ensure that we are reading an updated value, probably not needed at the hardware
-        // level, but this is also a hint to the compiler that we're syncing on the buffer.
-        fence(Ordering::SeqCst);
-
-        let tdes3 = td.tdes3.get();
-
-        if tdes3 & EMAC_DES3_OWN != 0 {
-            // Transmission isn't done yet, probably a receive interrupt that fired this
-            return Ok(());
-        }
-        assert!(tdes3 & EMAC_DES3_CTXT == 0);
-
-        // Release the buffer
-        self.buffers[previous].take();
-
-        if tdes3 & EMAC_DES3_ES != 0 {
-            Err(Error::TransmissionError)
-        } else {
-            Ok(())
-        }
+        unsafe { ETH.ethernet_dma().dmactx_dtpr().write(|w| w.0 = 0) }
     }
 }
 
@@ -185,7 +141,7 @@ impl<const N: usize> TDesRing<N> {
 /// * rdes2:
 /// * rdes3: OWN and Status
 #[repr(C)]
-struct RDes {
+pub(crate) struct RDes {
     rdes0: VolatileCell<u32>,
     rdes1: VolatileCell<u32>,
     rdes2: VolatileCell<u32>,
@@ -204,7 +160,7 @@ impl RDes {
 
     /// Return true if this RDes is acceptable to us
     #[inline(always)]
-    pub fn valid(&self) -> bool {
+    fn valid(&self) -> bool {
         // Write-back descriptor is valid if:
         //
         // Contains first buffer of packet AND contains last buf of
@@ -215,177 +171,96 @@ impl RDes {
 
     /// Return true if this RDes is not currently owned by the DMA
     #[inline(always)]
-    pub fn available(&self) -> bool {
+    fn available(&self) -> bool {
         self.rdes3.get() & EMAC_DES3_OWN == 0 // Owned by us
     }
 
     #[inline(always)]
-    pub fn set_ready(&mut self, buf_addr: u32) {
-        self.rdes0.set(buf_addr);
+    fn set_ready(&mut self, buf: *mut u8) {
+        self.rdes0.set(buf as u32);
         self.rdes3.set(EMAC_RDES3_BUF1V | EMAC_RDES3_IOC | EMAC_DES3_OWN);
     }
 }
 
 /// Rx ring of descriptors and packets
-///
-/// This ring has three major locations that work in lock-step. The DMA will never write to the tail
-/// index, so the `read_index` must never pass the tail index. The `next_tail_index` is always 1
-/// slot ahead of the real tail index, and it must never pass the `read_index` or it could overwrite
-/// a packet still to be passed to the application.
-///
-///                                                                   nt can't pass r (no alloc)
-/// +---+---+---+---+  Read ok       +---+---+---+---+ No Read       +---+---+---+---+
-/// |   |   |   |   |  ------------> |   |   |   |   | ------------> |   |   |   |   |
-/// +---+---+---+---+  Allocation ok +---+---+---+---+               +---+---+---+---+
-///   ^           ^t                   ^t  ^                           ^t  ^          
-///   |r                                   |r                              |r         
-///   |nt                                  |nt                             |nt        
-///
-///
-/// +---+---+---+---+  Read ok         +---+---+---+---+ Can't read    +---+---+---+---+
-/// |   |   |   |   |  ------------>   |   |   |   |   | ------------> |   |   |   |   |
-/// +---+---+---+---+  Allocation fail +---+---+---+---+ Allocation ok +---+---+---+---+
-///       ^   ^t  ^                              ^t  ^                   ^       ^   ^t
-///       |r      |                              |r  |                   |       |r     
-///               |nt                                |nt                 |nt            
-///
-pub(crate) struct RDesRing<const N: usize> {
-    rd: [RDes; N],
-    buffers: [Option<PacketBox>; N],
-    read_idx: usize,
-    next_tail_idx: usize,
+pub(crate) struct RDesRing<'a> {
+    descriptors: &'a mut [RDes],
+    buffers: &'a mut [Packet<RX_BUFFER_SIZE>],
+    index: usize,
 }
 
-impl<const N: usize> RDesRing<N> {
-    pub const fn new() -> Self {
-        const RDES: RDes = RDes::new();
-        const BUFFERS: Option<PacketBox> = None;
+impl<'a> RDesRing<'a> {
+    pub(crate) fn new(descriptors: &'a mut [RDes], buffers: &'a mut [Packet<RX_BUFFER_SIZE>]) -> Self {
+        assert!(descriptors.len() > 1);
+        assert!(descriptors.len() == buffers.len());
 
-        Self {
-            rd: [RDES; N],
-            buffers: [BUFFERS; N],
-            read_idx: 0,
-            next_tail_idx: 0,
-        }
-    }
-
-    pub(crate) fn init(&mut self) {
-        assert!(N > 1);
-
-        for desc in self.rd.iter_mut() {
+        for (i, desc) in descriptors.iter_mut().enumerate() {
             *desc = RDes::new();
+            desc.set_ready(buffers[i].0.as_mut_ptr());
         }
 
-        let mut last_index = 0;
-        for (index, buf) in self.buffers.iter_mut().enumerate() {
-            let pkt = match PacketBox::new(Packet::new()) {
-                Some(p) => p,
-                None => {
-                    if index == 0 {
-                        panic!("Could not allocate at least one buffer for Ethernet receiving");
-                    } else {
-                        break;
-                    }
-                }
-            };
-            let addr = pkt.as_ptr() as u32;
-            *buf = Some(pkt);
-            self.rd[index].set_ready(addr);
-            last_index = index;
-        }
-        self.next_tail_idx = (last_index + 1) % N;
-
         unsafe {
             let dma = ETH.ethernet_dma();
 
-            dma.dmacrx_dlar().write(|w| w.0 = self.rd.as_ptr() as u32);
-            dma.dmacrx_rlr().write(|w| w.set_rdrl((N as u16) - 1));
+            dma.dmacrx_dlar().write(|w| w.0 = descriptors.as_mut_ptr() as u32);
+            dma.dmacrx_rlr().write(|w| w.set_rdrl((descriptors.len() as u16) - 1));
+            dma.dmacrx_dtpr().write(|w| w.0 = 0);
+        }
 
-            // We manage to allocate all buffers, set the index to the last one, that means
-            // that the DMA won't consider the last one as ready, because it (unfortunately)
-            // stops at the tail ptr and wraps at the end of the ring, which means that we
-            // can't tell it to stop after the last buffer.
-            let tail_ptr = &self.rd[last_index] as *const _ as u32;
-            fence(Ordering::Release);
-
-            dma.dmacrx_dtpr().write(|w| w.0 = tail_ptr);
+        Self {
+            descriptors,
+            buffers,
+            index: 0,
         }
     }
 
-    pub(crate) fn on_interrupt(&mut self) {
-        // XXX: Do we need to do anything here ? Maybe we should try to advance the tail ptr, but it
-        // would soon hit the read ptr anyway, and we will wake smoltcp's stack on the interrupt
-        // which should try to pop a packet...
-    }
-
-    pub(crate) fn pop_packet(&mut self) -> Option<PacketBuf> {
+    /// Get a received packet if any, or None.
+    pub(crate) fn available(&mut self) -> Option<&mut [u8]> {
         // Not sure if the contents of the write buffer on the M7 can affects reads, so we are using
         // a DMB here just in case, it also serves as a hint to the compiler that we're syncing the
         // buffer (I think .-.)
         fence(Ordering::SeqCst);
 
-        let read_available = self.rd[self.read_idx].available();
-        let tail_index = (self.next_tail_idx + N - 1) % N;
-
-        let pkt = if read_available && self.read_idx != tail_index {
-            let pkt = self.buffers[self.read_idx].take();
-            let len = (self.rd[self.read_idx].rdes3.get() & EMAC_RDES3_PKTLEN) as usize;
-
-            assert!(pkt.is_some());
-            let valid = self.rd[self.read_idx].valid();
-
-            self.read_idx = (self.read_idx + 1) % N;
-            if valid {
-                pkt.map(|p| p.slice(0..len))
-            } else {
-                None
+        // We might have to process many packets, in case some have been rx'd but are invalid.
+        loop {
+            let descriptor = &mut self.descriptors[self.index];
+            if !descriptor.available() {
+                return None;
             }
-        } else {
-            None
-        };
 
-        // Try to advance the tail_idx
-        if self.next_tail_idx != self.read_idx {
-            match PacketBox::new(Packet::new()) {
-                Some(b) => {
-                    let addr = b.as_ptr() as u32;
-                    self.buffers[self.next_tail_idx].replace(b);
-                    self.rd[self.next_tail_idx].set_ready(addr);
-
-                    // "Preceding reads and writes cannot be moved past subsequent writes."
-                    fence(Ordering::Release);
-
-                    // NOTE(unsafe) atomic write
-                    unsafe {
-                        ETH.ethernet_dma()
-                            .dmacrx_dtpr()
-                            .write(|w| w.0 = &self.rd[self.next_tail_idx] as *const _ as u32);
-                    }
-
-                    self.next_tail_idx = (self.next_tail_idx + 1) % N;
-                }
-                None => {}
+            // If packet is invalid, pop it and try again.
+            if !descriptor.valid() {
+                warn!("invalid packet: {:08x}", descriptor.rdes0.get());
+                self.pop_packet();
+                continue;
             }
+
+            break;
         }
-        pkt
+
+        let descriptor = &mut self.descriptors[self.index];
+        let len = (descriptor.rdes3.get() & EMAC_RDES3_PKTLEN) as usize;
+        return Some(&mut self.buffers[self.index].0[..len]);
     }
-}
 
-pub struct DescriptorRing<const T: usize, const R: usize> {
-    pub(crate) tx: TDesRing<T>,
-    pub(crate) rx: RDesRing<R>,
-}
+    /// Pop the packet previously returned by `available`.
+    pub(crate) fn pop_packet(&mut self) {
+        let descriptor = &mut self.descriptors[self.index];
+        assert!(descriptor.available());
 
-impl<const T: usize, const R: usize> DescriptorRing<T, R> {
-    pub const fn new() -> Self {
-        Self {
-            tx: TDesRing::new(),
-            rx: RDesRing::new(),
+        self.descriptors[self.index].set_ready(self.buffers[self.index].0.as_mut_ptr());
+
+        // "Preceding reads and writes cannot be moved past subsequent writes."
+        fence(Ordering::Release);
+
+        // signal DMA it can try again.
+        // NOTE(unsafe) Atomic write
+        unsafe { ETH.ethernet_dma().dmacrx_dtpr().write(|w| w.0 = 0) }
+
+        // Increment index.
+        self.index += 1;
+        if self.index == self.descriptors.len() {
+            self.index = 0
         }
     }
-
-    pub fn init(&mut self) {
-        self.tx.init();
-        self.rx.init();
-    }
 }
diff --git a/embassy-stm32/src/eth/v2/mod.rs b/embassy-stm32/src/eth/v2/mod.rs
index 5b76d1e7..fcb4a296 100644
--- a/embassy-stm32/src/eth/v2/mod.rs
+++ b/embassy-stm32/src/eth/v2/mod.rs
@@ -1,35 +1,28 @@
-use core::marker::PhantomData;
+mod descriptors;
+
 use core::sync::atomic::{fence, Ordering};
-use core::task::Waker;
 
-use embassy_cortex_m::peripheral::{PeripheralMutex, PeripheralState, StateStorage};
+use embassy_cortex_m::interrupt::InterruptExt;
 use embassy_hal_common::{into_ref, PeripheralRef};
-use embassy_net::{Device, DeviceCapabilities, LinkState, PacketBuf, MTU};
-use embassy_sync::waitqueue::AtomicWaker;
 
+pub(crate) use self::descriptors::{RDes, RDesRing, TDes, TDesRing};
+use super::*;
 use crate::gpio::sealed::{AFType, Pin as _};
 use crate::gpio::{AnyPin, Speed};
 use crate::pac::{ETH, RCC, SYSCFG};
 use crate::Peripheral;
 
-mod descriptors;
-use descriptors::DescriptorRing;
+const MTU: usize = 1514; // 14 Ethernet header + 1500 IP packet
 
-use super::*;
-
-pub struct State<'d, T: Instance, const TX: usize, const RX: usize>(StateStorage<Inner<'d, T, TX, RX>>);
-impl<'d, T: Instance, const TX: usize, const RX: usize> State<'d, T, TX, RX> {
-    pub const fn new() -> Self {
-        Self(StateStorage::new())
-    }
-}
-pub struct Ethernet<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> {
-    state: PeripheralMutex<'d, Inner<'d, T, TX, RX>>,
+pub struct Ethernet<'d, T: Instance, P: PHY> {
+    _peri: PeripheralRef<'d, T>,
+    pub(crate) tx: TDesRing<'d>,
+    pub(crate) rx: RDesRing<'d>,
     pins: [PeripheralRef<'d, AnyPin>; 9],
     _phy: P,
     clock_range: u8,
     phy_addr: u8,
-    mac_addr: [u8; 6],
+    pub(crate) mac_addr: [u8; 6],
 }
 
 macro_rules! config_pins {
@@ -44,10 +37,9 @@ macro_rules! config_pins {
     };
 }
 
-impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Ethernet<'d, T, P, TX, RX> {
-    /// safety: the returned instance is not leak-safe
-    pub unsafe fn new(
-        state: &'d mut State<'d, T, TX, RX>,
+impl<'d, T: Instance, P: PHY> Ethernet<'d, T, P> {
+    pub fn new<const TX: usize, const RX: usize>(
+        queue: &'d mut PacketQueue<TX, RX>,
         peri: impl Peripheral<P = T> + 'd,
         interrupt: impl Peripheral<P = crate::interrupt::ETH> + 'd,
         ref_clk: impl Peripheral<P = impl RefClkPin<T>> + 'd,
@@ -63,126 +55,123 @@ impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Ethernet<'d, T,
         mac_addr: [u8; 6],
         phy_addr: u8,
     ) -> Self {
-        into_ref!(interrupt, ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
+        into_ref!(peri, interrupt, ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
 
-        // Enable the necessary Clocks
-        // NOTE(unsafe) We have exclusive access to the registers
-        critical_section::with(|_| {
-            RCC.apb4enr().modify(|w| w.set_syscfgen(true));
-            RCC.ahb1enr().modify(|w| {
-                w.set_eth1macen(true);
-                w.set_eth1txen(true);
-                w.set_eth1rxen(true);
+        unsafe {
+            // Enable the necessary Clocks
+            // NOTE(unsafe) We have exclusive access to the registers
+            critical_section::with(|_| {
+                RCC.apb4enr().modify(|w| w.set_syscfgen(true));
+                RCC.ahb1enr().modify(|w| {
+                    w.set_eth1macen(true);
+                    w.set_eth1txen(true);
+                    w.set_eth1rxen(true);
+                });
+
+                // RMII
+                SYSCFG.pmcr().modify(|w| w.set_epis(0b100));
             });
 
-            // RMII
-            SYSCFG.pmcr().modify(|w| w.set_epis(0b100));
-        });
+            config_pins!(ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
 
-        config_pins!(ref_clk, mdio, mdc, crs, rx_d0, rx_d1, tx_d0, tx_d1, tx_en);
+            // NOTE(unsafe) We have exclusive access to the registers
+            let dma = ETH.ethernet_dma();
+            let mac = ETH.ethernet_mac();
+            let mtl = ETH.ethernet_mtl();
 
-        // NOTE(unsafe) We are ourselves not leak-safe.
-        let state = PeripheralMutex::new(interrupt, &mut state.0, || Inner::new(peri));
+            // Reset and wait
+            dma.dmamr().modify(|w| w.set_swr(true));
+            while dma.dmamr().read().swr() {}
 
-        // NOTE(unsafe) We have exclusive access to the registers
-        let dma = ETH.ethernet_dma();
-        let mac = ETH.ethernet_mac();
-        let mtl = ETH.ethernet_mtl();
+            mac.maccr().modify(|w| {
+                w.set_ipg(0b000); // 96 bit times
+                w.set_acs(true);
+                w.set_fes(true);
+                w.set_dm(true);
+                // TODO: Carrier sense ? ECRSFD
+            });
 
-        // Reset and wait
-        dma.dmamr().modify(|w| w.set_swr(true));
-        while dma.dmamr().read().swr() {}
+            // Note: Writing to LR triggers synchronisation of both LR and HR into the MAC core,
+            // so the LR write must happen after the HR write.
+            mac.maca0hr()
+                .modify(|w| w.set_addrhi(u16::from(mac_addr[4]) | (u16::from(mac_addr[5]) << 8)));
+            mac.maca0lr().write(|w| {
+                w.set_addrlo(
+                    u32::from(mac_addr[0])
+                        | (u32::from(mac_addr[1]) << 8)
+                        | (u32::from(mac_addr[2]) << 16)
+                        | (u32::from(mac_addr[3]) << 24),
+                )
+            });
 
-        mac.maccr().modify(|w| {
-            w.set_ipg(0b000); // 96 bit times
-            w.set_acs(true);
-            w.set_fes(true);
-            w.set_dm(true);
-            // TODO: Carrier sense ? ECRSFD
-        });
+            mac.macqtx_fcr().modify(|w| w.set_pt(0x100));
 
-        // Note: Writing to LR triggers synchronisation of both LR and HR into the MAC core,
-        // so the LR write must happen after the HR write.
-        mac.maca0hr()
-            .modify(|w| w.set_addrhi(u16::from(mac_addr[4]) | (u16::from(mac_addr[5]) << 8)));
-        mac.maca0lr().write(|w| {
-            w.set_addrlo(
-                u32::from(mac_addr[0])
-                    | (u32::from(mac_addr[1]) << 8)
-                    | (u32::from(mac_addr[2]) << 16)
-                    | (u32::from(mac_addr[3]) << 24),
-            )
-        });
+            // disable all MMC RX interrupts
+            mac.mmc_rx_interrupt_mask().write(|w| {
+                w.set_rxcrcerpim(true);
+                w.set_rxalgnerpim(true);
+                w.set_rxucgpim(true);
+                w.set_rxlpiuscim(true);
+                w.set_rxlpitrcim(true)
+            });
 
-        mac.macqtx_fcr().modify(|w| w.set_pt(0x100));
+            // disable all MMC TX interrupts
+            mac.mmc_tx_interrupt_mask().write(|w| {
+                w.set_txscolgpim(true);
+                w.set_txmcolgpim(true);
+                w.set_txgpktim(true);
+                w.set_txlpiuscim(true);
+                w.set_txlpitrcim(true);
+            });
 
-        // disable all MMC RX interrupts
-        mac.mmc_rx_interrupt_mask().write(|w| {
-            w.set_rxcrcerpim(true);
-            w.set_rxalgnerpim(true);
-            w.set_rxucgpim(true);
-            w.set_rxlpiuscim(true);
-            w.set_rxlpitrcim(true)
-        });
+            mtl.mtlrx_qomr().modify(|w| w.set_rsf(true));
+            mtl.mtltx_qomr().modify(|w| w.set_tsf(true));
 
-        // disable all MMC TX interrupts
-        mac.mmc_tx_interrupt_mask().write(|w| {
-            w.set_txscolgpim(true);
-            w.set_txmcolgpim(true);
-            w.set_txgpktim(true);
-            w.set_txlpiuscim(true);
-            w.set_txlpitrcim(true);
-        });
+            dma.dmactx_cr().modify(|w| w.set_txpbl(1)); // 32 ?
+            dma.dmacrx_cr().modify(|w| {
+                w.set_rxpbl(1); // 32 ?
+                w.set_rbsz(MTU as u16);
+            });
 
-        mtl.mtlrx_qomr().modify(|w| w.set_rsf(true));
-        mtl.mtltx_qomr().modify(|w| w.set_tsf(true));
+            // NOTE(unsafe) We got the peripheral singleton, which means that `rcc::init` was called
+            let hclk = crate::rcc::get_freqs().ahb1;
+            let hclk_mhz = hclk.0 / 1_000_000;
 
-        dma.dmactx_cr().modify(|w| w.set_txpbl(1)); // 32 ?
-        dma.dmacrx_cr().modify(|w| {
-            w.set_rxpbl(1); // 32 ?
-            w.set_rbsz(MTU as u16);
-        });
+            // Set the MDC clock frequency in the range 1MHz - 2.5MHz
+            let clock_range = match hclk_mhz {
+                0..=34 => 2,    // Divide by 16
+                35..=59 => 3,   // Divide by 26
+                60..=99 => 0,   // Divide by 42
+                100..=149 => 1, // Divide by 62
+                150..=249 => 4, // Divide by 102
+                250..=310 => 5, // Divide by 124
+                _ => {
+                    panic!("HCLK results in MDC clock > 2.5MHz even for the highest CSR clock divider")
+                }
+            };
 
-        // NOTE(unsafe) We got the peripheral singleton, which means that `rcc::init` was called
-        let hclk = crate::rcc::get_freqs().ahb1;
-        let hclk_mhz = hclk.0 / 1_000_000;
+            let pins = [
+                ref_clk.map_into(),
+                mdio.map_into(),
+                mdc.map_into(),
+                crs.map_into(),
+                rx_d0.map_into(),
+                rx_d1.map_into(),
+                tx_d0.map_into(),
+                tx_d1.map_into(),
+                tx_en.map_into(),
+            ];
 
-        // Set the MDC clock frequency in the range 1MHz - 2.5MHz
-        let clock_range = match hclk_mhz {
-            0..=34 => 2,    // Divide by 16
-            35..=59 => 3,   // Divide by 26
-            60..=99 => 0,   // Divide by 42
-            100..=149 => 1, // Divide by 62
-            150..=249 => 4, // Divide by 102
-            250..=310 => 5, // Divide by 124
-            _ => {
-                panic!("HCLK results in MDC clock > 2.5MHz even for the highest CSR clock divider")
-            }
-        };
-
-        let pins = [
-            ref_clk.map_into(),
-            mdio.map_into(),
-            mdc.map_into(),
-            crs.map_into(),
-            rx_d0.map_into(),
-            rx_d1.map_into(),
-            tx_d0.map_into(),
-            tx_d1.map_into(),
-            tx_en.map_into(),
-        ];
-
-        let mut this = Self {
-            state,
-            pins,
-            _phy: phy,
-            clock_range,
-            phy_addr,
-            mac_addr,
-        };
-
-        this.state.with(|s| {
-            s.desc_ring.init();
+            let mut this = Self {
+                _peri: peri,
+                tx: TDesRing::new(&mut queue.tx_desc, &mut queue.tx_buf),
+                rx: RDesRing::new(&mut queue.rx_desc, &mut queue.rx_buf),
+                pins,
+                _phy: phy,
+                clock_range,
+                phy_addr,
+                mac_addr,
+            };
 
             fence(Ordering::SeqCst);
 
@@ -205,17 +194,37 @@ impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Ethernet<'d, T,
                 w.set_rie(true);
                 w.set_tie(true);
             });
-        });
-        P::phy_reset(&mut this);
-        P::phy_init(&mut this);
 
-        this
+            P::phy_reset(&mut this);
+            P::phy_init(&mut this);
+
+            interrupt.set_handler(Self::on_interrupt);
+            interrupt.enable();
+
+            this
+        }
+    }
+
+    fn on_interrupt(_cx: *mut ()) {
+        WAKER.wake();
+
+        // TODO: Check and clear more flags
+        unsafe {
+            let dma = ETH.ethernet_dma();
+
+            dma.dmacsr().modify(|w| {
+                w.set_ti(true);
+                w.set_ri(true);
+                w.set_nis(true);
+            });
+            // Delay two peripheral's clock
+            dma.dmacsr().read();
+            dma.dmacsr().read();
+        }
     }
 }
 
-unsafe impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> StationManagement
-    for Ethernet<'d, T, P, TX, RX>
-{
+unsafe impl<'d, T: Instance, P: PHY> StationManagement for Ethernet<'d, T, P> {
     fn smi_read(&mut self, reg: u8) -> u16 {
         // NOTE(unsafe) These registers aren't used in the interrupt and we have `&mut self`
         unsafe {
@@ -251,44 +260,7 @@ unsafe impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> StationMa
     }
 }
 
-impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Device for Ethernet<'d, T, P, TX, RX> {
-    fn is_transmit_ready(&mut self) -> bool {
-        self.state.with(|s| s.desc_ring.tx.available())
-    }
-
-    fn transmit(&mut self, pkt: PacketBuf) {
-        self.state.with(|s| unwrap!(s.desc_ring.tx.transmit(pkt)));
-    }
-
-    fn receive(&mut self) -> Option<PacketBuf> {
-        self.state.with(|s| s.desc_ring.rx.pop_packet())
-    }
-
-    fn register_waker(&mut self, waker: &Waker) {
-        WAKER.register(waker);
-    }
-
-    fn capabilities(&self) -> DeviceCapabilities {
-        let mut caps = DeviceCapabilities::default();
-        caps.max_transmission_unit = MTU;
-        caps.max_burst_size = Some(TX.min(RX));
-        caps
-    }
-
-    fn link_state(&mut self) -> LinkState {
-        if P::poll_link(self) {
-            LinkState::Up
-        } else {
-            LinkState::Down
-        }
-    }
-
-    fn ethernet_address(&self) -> [u8; 6] {
-        self.mac_addr
-    }
-}
-
-impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Drop for Ethernet<'d, T, P, TX, RX> {
+impl<'d, T: Instance, P: PHY> Drop for Ethernet<'d, T, P> {
     fn drop(&mut self) {
         // NOTE(unsafe) We have `&mut self` and the interrupt doesn't use this registers
         unsafe {
@@ -325,46 +297,3 @@ impl<'d, T: Instance, P: PHY, const TX: usize, const RX: usize> Drop for Etherne
         })
     }
 }
-
-//----------------------------------------------------------------------
-
-struct Inner<'d, T: Instance, const TX: usize, const RX: usize> {
-    _peri: PhantomData<&'d mut T>,
-    desc_ring: DescriptorRing<TX, RX>,
-}
-
-impl<'d, T: Instance, const TX: usize, const RX: usize> Inner<'d, T, TX, RX> {
-    pub fn new(_peri: impl Peripheral<P = T> + 'd) -> Self {
-        Self {
-            _peri: PhantomData,
-            desc_ring: DescriptorRing::new(),
-        }
-    }
-}
-
-impl<'d, T: Instance, const TX: usize, const RX: usize> PeripheralState for Inner<'d, T, TX, RX> {
-    type Interrupt = crate::interrupt::ETH;
-
-    fn on_interrupt(&mut self) {
-        unwrap!(self.desc_ring.tx.on_interrupt());
-        self.desc_ring.rx.on_interrupt();
-
-        WAKER.wake();
-
-        // TODO: Check and clear more flags
-        unsafe {
-            let dma = ETH.ethernet_dma();
-
-            dma.dmacsr().modify(|w| {
-                w.set_ti(true);
-                w.set_ri(true);
-                w.set_nis(true);
-            });
-            // Delay two peripheral's clock
-            dma.dmacsr().read();
-            dma.dmacsr().read();
-        }
-    }
-}
-
-static WAKER: AtomicWaker = AtomicWaker::new();
diff --git a/embassy-usb/Cargo.toml b/embassy-usb/Cargo.toml
index b59ba8a2..1e72ce68 100644
--- a/embassy-usb/Cargo.toml
+++ b/embassy-usb/Cargo.toml
@@ -19,6 +19,7 @@ default = ["usbd-hid"]
 embassy-futures = { version = "0.1.0", path = "../embassy-futures" }
 embassy-usb-driver = { version = "0.1.0", path = "../embassy-usb-driver" }
 embassy-sync = { version = "0.1.0", path = "../embassy-sync" }
+embassy-net = { version = "0.1.0", path = "../embassy-net", optional = true }
 
 defmt = { version = "0.3", optional = true }
 log = { version = "0.4.14", optional = true }
diff --git a/embassy-usb/src/class/cdc_ncm/embassy_net.rs b/embassy-usb/src/class/cdc_ncm/embassy_net.rs
new file mode 100644
index 00000000..60bbfd8d
--- /dev/null
+++ b/embassy-usb/src/class/cdc_ncm/embassy_net.rs
@@ -0,0 +1,449 @@
+use core::cell::RefCell;
+use core::mem::MaybeUninit;
+use core::task::Context;
+
+use embassy_futures::select::{select, Either};
+use embassy_net::device::{Device as DeviceTrait, DeviceCapabilities, LinkState, Medium};
+use embassy_sync::blocking_mutex::raw::NoopRawMutex;
+use embassy_sync::blocking_mutex::Mutex;
+use embassy_sync::waitqueue::WakerRegistration;
+use embassy_usb_driver::Driver;
+
+use super::{CdcNcmClass, Receiver, Sender};
+
+pub struct State<'d, const MTU: usize, const N_RX: usize, const N_TX: usize> {
+    rx: [PacketBuf<MTU>; N_RX],
+    tx: [PacketBuf<MTU>; N_TX],
+    inner: MaybeUninit<StateInner<'d, MTU>>,
+}
+
+impl<'d, const MTU: usize, const N_RX: usize, const N_TX: usize> State<'d, MTU, N_RX, N_TX> {
+    const NEW_PACKET: PacketBuf<MTU> = PacketBuf::new();
+
+    pub const fn new() -> Self {
+        Self {
+            rx: [Self::NEW_PACKET; N_RX],
+            tx: [Self::NEW_PACKET; N_TX],
+            inner: MaybeUninit::uninit(),
+        }
+    }
+}
+
+struct StateInner<'d, const MTU: usize> {
+    rx: zerocopy_channel::Channel<'d, NoopRawMutex, PacketBuf<MTU>>,
+    tx: zerocopy_channel::Channel<'d, NoopRawMutex, PacketBuf<MTU>>,
+    link_state: Mutex<NoopRawMutex, RefCell<LinkStateState>>,
+}
+
+/// State of the LinkState
+struct LinkStateState {
+    state: LinkState,
+    waker: WakerRegistration,
+}
+
+pub struct Runner<'d, D: Driver<'d>, const MTU: usize> {
+    tx_usb: Sender<'d, D>,
+    tx_chan: zerocopy_channel::Receiver<'d, NoopRawMutex, PacketBuf<MTU>>,
+    rx_usb: Receiver<'d, D>,
+    rx_chan: zerocopy_channel::Sender<'d, NoopRawMutex, PacketBuf<MTU>>,
+    link_state: &'d Mutex<NoopRawMutex, RefCell<LinkStateState>>,
+}
+
+impl<'d, D: Driver<'d>, const MTU: usize> Runner<'d, D, MTU> {
+    pub async fn run(mut self) -> ! {
+        let rx_fut = async move {
+            loop {
+                trace!("WAITING for connection");
+                self.link_state.lock(|s| {
+                    let s = &mut *s.borrow_mut();
+                    s.state = LinkState::Down;
+                    s.waker.wake();
+                });
+
+                self.rx_usb.wait_connection().await.unwrap();
+
+                trace!("Connected");
+                self.link_state.lock(|s| {
+                    let s = &mut *s.borrow_mut();
+                    s.state = LinkState::Up;
+                    s.waker.wake();
+                });
+
+                loop {
+                    let p = self.rx_chan.send().await;
+                    match self.rx_usb.read_packet(&mut p.buf).await {
+                        Ok(n) => {
+                            p.len = n;
+                            self.rx_chan.send_done();
+                        }
+                        Err(e) => {
+                            warn!("error reading packet: {:?}", e);
+                            break;
+                        }
+                    };
+                }
+            }
+        };
+        let tx_fut = async move {
+            loop {
+                let p = self.tx_chan.recv().await;
+                if let Err(e) = self.tx_usb.write_packet(&p.buf[..p.len]).await {
+                    warn!("Failed to TX packet: {:?}", e);
+                }
+                self.tx_chan.recv_done();
+            }
+        };
+        match select(rx_fut, tx_fut).await {
+            Either::First(x) => x,
+            Either::Second(x) => x,
+        }
+    }
+}
+
+impl<'d, D: Driver<'d>> CdcNcmClass<'d, D> {
+    pub fn into_embassy_net_device<const MTU: usize, const N_RX: usize, const N_TX: usize>(
+        self,
+        state: &'d mut State<'d, MTU, N_RX, N_TX>,
+        ethernet_address: [u8; 6],
+    ) -> (Runner<'d, D, MTU>, Device<'d, MTU>) {
+        let (tx_usb, rx_usb) = self.split();
+
+        let mut caps = DeviceCapabilities::default();
+        caps.max_transmission_unit = 1514; // 1500 IP + 14 ethernet header
+        caps.medium = Medium::Ethernet;
+
+        let state = state.inner.write(StateInner {
+            rx: zerocopy_channel::Channel::new(&mut state.rx[..]),
+            tx: zerocopy_channel::Channel::new(&mut state.tx[..]),
+            link_state: Mutex::new(RefCell::new(LinkStateState {
+                state: LinkState::Down,
+                waker: WakerRegistration::new(),
+            })),
+        });
+
+        let (rx_sender, rx_receiver) = state.rx.split();
+        let (tx_sender, tx_receiver) = state.tx.split();
+
+        (
+            Runner {
+                tx_usb,
+                tx_chan: tx_receiver,
+                rx_usb,
+                rx_chan: rx_sender,
+                link_state: &state.link_state,
+            },
+            Device {
+                caps,
+                ethernet_address,
+                link_state: &state.link_state,
+                rx: rx_receiver,
+                tx: tx_sender,
+            },
+        )
+    }
+}
+
+pub struct PacketBuf<const MTU: usize> {
+    len: usize,
+    buf: [u8; MTU],
+}
+
+impl<const MTU: usize> PacketBuf<MTU> {
+    pub const fn new() -> Self {
+        Self { len: 0, buf: [0; MTU] }
+    }
+}
+
+pub struct Device<'d, const MTU: usize> {
+    rx: zerocopy_channel::Receiver<'d, NoopRawMutex, PacketBuf<MTU>>,
+    tx: zerocopy_channel::Sender<'d, NoopRawMutex, PacketBuf<MTU>>,
+    link_state: &'d Mutex<NoopRawMutex, RefCell<LinkStateState>>,
+    caps: DeviceCapabilities,
+    ethernet_address: [u8; 6],
+}
+
+impl<'d, const MTU: usize> DeviceTrait for Device<'d, MTU> {
+    type RxToken<'a> = RxToken<'a, MTU> where Self: 'a ;
+    type TxToken<'a> = TxToken<'a, MTU> where Self: 'a ;
+
+    fn receive(&mut self, cx: &mut Context) -> Option<(Self::RxToken<'_>, Self::TxToken<'_>)> {
+        if self.rx.poll_recv(cx).is_ready() && self.tx.poll_send(cx).is_ready() {
+            Some((RxToken { rx: self.rx.borrow() }, TxToken { tx: self.tx.borrow() }))
+        } else {
+            None
+        }
+    }
+
+    /// Construct a transmit token.
+    fn transmit(&mut self, cx: &mut Context) -> Option<Self::TxToken<'_>> {
+        if self.tx.poll_send(cx).is_ready() {
+            Some(TxToken { tx: self.tx.borrow() })
+        } else {
+            None
+        }
+    }
+
+    /// Get a description of device capabilities.
+    fn capabilities(&self) -> DeviceCapabilities {
+        self.caps.clone()
+    }
+
+    fn ethernet_address(&self) -> [u8; 6] {
+        self.ethernet_address
+    }
+
+    fn link_state(&mut self, cx: &mut Context) -> LinkState {
+        self.link_state.lock(|s| {
+            let s = &mut *s.borrow_mut();
+            s.waker.register(cx.waker());
+            s.state
+        })
+    }
+}
+
+pub struct RxToken<'a, const MTU: usize> {
+    rx: zerocopy_channel::Receiver<'a, NoopRawMutex, PacketBuf<MTU>>,
+}
+
+impl<'a, const MTU: usize> embassy_net::device::RxToken for RxToken<'a, MTU> {
+    fn consume<R, F>(mut self, f: F) -> R
+    where
+        F: FnOnce(&mut [u8]) -> R,
+    {
+        // NOTE(unwrap): we checked the queue wasn't full when creating the token.
+        let pkt = unwrap!(self.rx.try_recv());
+        let r = f(&mut pkt.buf[..pkt.len]);
+        self.rx.recv_done();
+        r
+    }
+}
+
+pub struct TxToken<'a, const MTU: usize> {
+    tx: zerocopy_channel::Sender<'a, NoopRawMutex, PacketBuf<MTU>>,
+}
+
+impl<'a, const MTU: usize> embassy_net::device::TxToken for TxToken<'a, MTU> {
+    fn consume<R, F>(mut self, len: usize, f: F) -> R
+    where
+        F: FnOnce(&mut [u8]) -> R,
+    {
+        // NOTE(unwrap): we checked the queue wasn't full when creating the token.
+        let pkt = unwrap!(self.tx.try_send());
+        let r = f(&mut pkt.buf[..len]);
+        pkt.len = len;
+        self.tx.send_done();
+        r
+    }
+}
+
+mod zerocopy_channel {
+    use core::cell::RefCell;
+    use core::future::poll_fn;
+    use core::marker::PhantomData;
+    use core::task::{Context, Poll};
+
+    use embassy_sync::blocking_mutex::raw::RawMutex;
+    use embassy_sync::blocking_mutex::Mutex;
+    use embassy_sync::waitqueue::WakerRegistration;
+
+    pub struct Channel<'a, M: RawMutex, T> {
+        buf: *mut T,
+        phantom: PhantomData<&'a mut T>,
+        state: Mutex<M, RefCell<State>>,
+    }
+
+    impl<'a, M: RawMutex, T> Channel<'a, M, T> {
+        pub fn new(buf: &'a mut [T]) -> Self {
+            let len = buf.len();
+            assert!(len != 0);
+
+            Self {
+                buf: buf.as_mut_ptr(),
+                phantom: PhantomData,
+                state: Mutex::new(RefCell::new(State {
+                    len,
+                    front: 0,
+                    back: 0,
+                    full: false,
+                    send_waker: WakerRegistration::new(),
+                    recv_waker: WakerRegistration::new(),
+                })),
+            }
+        }
+
+        pub fn split(&mut self) -> (Sender<'_, M, T>, Receiver<'_, M, T>) {
+            (Sender { channel: self }, Receiver { channel: self })
+        }
+    }
+
+    pub struct Sender<'a, M: RawMutex, T> {
+        channel: &'a Channel<'a, M, T>,
+    }
+
+    impl<'a, M: RawMutex, T> Sender<'a, M, T> {
+        pub fn borrow(&mut self) -> Sender<'_, M, T> {
+            Sender { channel: self.channel }
+        }
+
+        pub fn try_send(&mut self) -> Option<&mut T> {
+            self.channel.state.lock(|s| {
+                let s = &mut *s.borrow_mut();
+                match s.push_index() {
+                    Some(i) => Some(unsafe { &mut *self.channel.buf.add(i) }),
+                    None => None,
+                }
+            })
+        }
+
+        pub fn poll_send(&mut self, cx: &mut Context) -> Poll<&mut T> {
+            self.channel.state.lock(|s| {
+                let s = &mut *s.borrow_mut();
+                match s.push_index() {
+                    Some(i) => Poll::Ready(unsafe { &mut *self.channel.buf.add(i) }),
+                    None => {
+                        s.recv_waker.register(cx.waker());
+                        Poll::Pending
+                    }
+                }
+            })
+        }
+
+        pub async fn send(&mut self) -> &mut T {
+            let i = poll_fn(|cx| {
+                self.channel.state.lock(|s| {
+                    let s = &mut *s.borrow_mut();
+                    match s.push_index() {
+                        Some(i) => Poll::Ready(i),
+                        None => {
+                            s.recv_waker.register(cx.waker());
+                            Poll::Pending
+                        }
+                    }
+                })
+            })
+            .await;
+            unsafe { &mut *self.channel.buf.add(i) }
+        }
+
+        pub fn send_done(&mut self) {
+            self.channel.state.lock(|s| s.borrow_mut().push_done())
+        }
+    }
+    pub struct Receiver<'a, M: RawMutex, T> {
+        channel: &'a Channel<'a, M, T>,
+    }
+
+    impl<'a, M: RawMutex, T> Receiver<'a, M, T> {
+        pub fn borrow(&mut self) -> Receiver<'_, M, T> {
+            Receiver { channel: self.channel }
+        }
+
+        pub fn try_recv(&mut self) -> Option<&mut T> {
+            self.channel.state.lock(|s| {
+                let s = &mut *s.borrow_mut();
+                match s.pop_index() {
+                    Some(i) => Some(unsafe { &mut *self.channel.buf.add(i) }),
+                    None => None,
+                }
+            })
+        }
+
+        pub fn poll_recv(&mut self, cx: &mut Context) -> Poll<&mut T> {
+            self.channel.state.lock(|s| {
+                let s = &mut *s.borrow_mut();
+                match s.pop_index() {
+                    Some(i) => Poll::Ready(unsafe { &mut *self.channel.buf.add(i) }),
+                    None => {
+                        s.send_waker.register(cx.waker());
+                        Poll::Pending
+                    }
+                }
+            })
+        }
+
+        pub async fn recv(&mut self) -> &mut T {
+            let i = poll_fn(|cx| {
+                self.channel.state.lock(|s| {
+                    let s = &mut *s.borrow_mut();
+                    match s.pop_index() {
+                        Some(i) => Poll::Ready(i),
+                        None => {
+                            s.send_waker.register(cx.waker());
+                            Poll::Pending
+                        }
+                    }
+                })
+            })
+            .await;
+            unsafe { &mut *self.channel.buf.add(i) }
+        }
+
+        pub fn recv_done(&mut self) {
+            self.channel.state.lock(|s| s.borrow_mut().pop_done())
+        }
+    }
+
+    struct State {
+        len: usize,
+
+        /// Front index. Always 0..=(N-1)
+        front: usize,
+        /// Back index. Always 0..=(N-1).
+        back: usize,
+
+        /// Used to distinguish "empty" and "full" cases when `front == back`.
+        /// May only be `true` if `front == back`, always `false` otherwise.
+        full: bool,
+
+        send_waker: WakerRegistration,
+        recv_waker: WakerRegistration,
+    }
+
+    impl State {
+        fn increment(&self, i: usize) -> usize {
+            if i + 1 == self.len {
+                0
+            } else {
+                i + 1
+            }
+        }
+
+        fn is_full(&self) -> bool {
+            self.full
+        }
+
+        fn is_empty(&self) -> bool {
+            self.front == self.back && !self.full
+        }
+
+        fn push_index(&mut self) -> Option<usize> {
+            match self.is_full() {
+                true => None,
+                false => Some(self.back),
+            }
+        }
+
+        fn push_done(&mut self) {
+            assert!(!self.is_full());
+            self.back = self.increment(self.back);
+            if self.back == self.front {
+                self.full = true;
+            }
+            self.send_waker.wake();
+        }
+
+        fn pop_index(&mut self) -> Option<usize> {
+            match self.is_empty() {
+                true => None,
+                false => Some(self.front),
+            }
+        }
+
+        fn pop_done(&mut self) {
+            assert!(!self.is_empty());
+            self.front = self.increment(self.front);
+            self.full = false;
+            self.recv_waker.wake();
+        }
+    }
+}
diff --git a/embassy-usb/src/class/cdc_ncm.rs b/embassy-usb/src/class/cdc_ncm/mod.rs
similarity index 94%
rename from embassy-usb/src/class/cdc_ncm.rs
rename to embassy-usb/src/class/cdc_ncm/mod.rs
index a39b87e9..2ee47f68 100644
--- a/embassy-usb/src/class/cdc_ncm.rs
+++ b/embassy-usb/src/class/cdc_ncm/mod.rs
@@ -1,3 +1,18 @@
+/// CDC-NCM, aka Ethernet over USB.
+///
+/// # Compatibility
+///
+/// Windows: NOT supported in Windows 10. Supported in Windows 11.
+///
+/// Linux: Well-supported since forever.
+///
+/// Android: Support for CDC-NCM is spotty and varies across manufacturers.
+///
+/// - On Pixel 4a, it refused to work on Android 11, worked on Android 12.
+/// - if the host's MAC address has the "locally-administered" bit set (bit 1 of first byte),
+///   it doesn't work! The "Ethernet tethering" option in settings doesn't get enabled.
+///   This is due to regex spaghetti: https://android.googlesource.com/platform/frameworks/base/+/refs/tags/android-mainline-12.0.0_r84/core/res/res/values/config.xml#417
+///   and this nonsense in the linux kernel: https://github.com/torvalds/linux/blob/c00c5e1d157bec0ef0b0b59aa5482eb8dc7e8e49/drivers/net/usb/usbnet.c#L1751-L1757
 use core::intrinsics::copy_nonoverlapping;
 use core::mem::{size_of, MaybeUninit};
 
@@ -6,6 +21,9 @@ use crate::driver::{Driver, Endpoint, EndpointError, EndpointIn, EndpointOut};
 use crate::types::*;
 use crate::Builder;
 
+#[cfg(feature = "embassy-net")]
+pub mod embassy_net;
+
 /// This should be used as `device_class` when building the `UsbDevice`.
 pub const USB_CLASS_CDC: u8 = 0x02;
 
diff --git a/examples/nrf/Cargo.toml b/examples/nrf/Cargo.toml
index 8b95ac3a..a980a505 100644
--- a/examples/nrf/Cargo.toml
+++ b/examples/nrf/Cargo.toml
@@ -16,7 +16,7 @@ embassy-executor = { version = "0.1.0", path = "../../embassy-executor", feature
 embassy-time = { version = "0.1.0", path = "../../embassy-time", features = ["defmt", "defmt-timestamp-uptime"] }
 embassy-nrf = { version = "0.1.0", path = "../../embassy-nrf", features = ["defmt", "nrf52840", "time-driver-rtc1", "gpiote", "unstable-pac"] }
 embassy-net = { version = "0.1.0", path = "../../embassy-net", features = ["defmt", "tcp", "dhcpv4", "medium-ethernet", "pool-16"], optional = true }
-embassy-usb = { version = "0.1.0", path = "../../embassy-usb", features = ["defmt"], optional = true }
+embassy-usb = { version = "0.1.0", path = "../../embassy-usb", features = ["defmt", "embassy-net"], optional = true }
 embedded-io = "0.4.0"
 embassy-lora = { version = "0.1.0", path = "../../embassy-lora", features = ["sx126x", "time", "defmt"], optional = true }
 
diff --git a/examples/nrf/src/bin/usb_ethernet.rs b/examples/nrf/src/bin/usb_ethernet.rs
index de93a2b4..e5f70452 100644
--- a/examples/nrf/src/bin/usb_ethernet.rs
+++ b/examples/nrf/src/bin/usb_ethernet.rs
@@ -3,19 +3,16 @@
 #![feature(type_alias_impl_trait)]
 
 use core::mem;
-use core::sync::atomic::{AtomicBool, Ordering};
-use core::task::Waker;
 
 use defmt::*;
 use embassy_executor::Spawner;
 use embassy_net::tcp::TcpSocket;
-use embassy_net::{PacketBox, PacketBoxExt, PacketBuf, Stack, StackResources};
+use embassy_net::{Stack, StackResources};
 use embassy_nrf::rng::Rng;
 use embassy_nrf::usb::{Driver, PowerUsb};
 use embassy_nrf::{interrupt, pac, peripherals};
-use embassy_sync::blocking_mutex::raw::ThreadModeRawMutex;
-use embassy_sync::channel::Channel;
-use embassy_usb::class::cdc_ncm::{CdcNcmClass, Receiver, Sender, State};
+use embassy_usb::class::cdc_ncm::embassy_net::{Device, Runner, State as NetState};
+use embassy_usb::class::cdc_ncm::{CdcNcmClass, State};
 use embassy_usb::{Builder, Config, UsbDevice};
 use embedded_io::asynch::Write;
 use static_cell::StaticCell;
@@ -27,56 +24,25 @@ macro_rules! singleton {
     ($val:expr) => {{
         type T = impl Sized;
         static STATIC_CELL: StaticCell<T> = StaticCell::new();
-        STATIC_CELL.init_with(move || $val)
+        let (x,) = STATIC_CELL.init(($val,));
+        x
     }};
 }
 
+const MTU: usize = 1514;
+
 #[embassy_executor::task]
 async fn usb_task(mut device: UsbDevice<'static, MyDriver>) -> ! {
     device.run().await
 }
 
 #[embassy_executor::task]
-async fn usb_ncm_rx_task(mut class: Receiver<'static, MyDriver>) {
-    loop {
-        warn!("WAITING for connection");
-        LINK_UP.store(false, Ordering::Relaxed);
-
-        class.wait_connection().await.unwrap();
-
-        warn!("Connected");
-        LINK_UP.store(true, Ordering::Relaxed);
-
-        loop {
-            let mut p = unwrap!(PacketBox::new(embassy_net::Packet::new()));
-            let n = match class.read_packet(&mut p[..]).await {
-                Ok(n) => n,
-                Err(e) => {
-                    warn!("error reading packet: {:?}", e);
-                    break;
-                }
-            };
-
-            let buf = p.slice(0..n);
-            if RX_CHANNEL.try_send(buf).is_err() {
-                warn!("Failed pushing rx'd packet to channel.");
-            }
-        }
-    }
+async fn usb_ncm_task(class: Runner<'static, MyDriver, MTU>) -> ! {
+    class.run().await
 }
 
 #[embassy_executor::task]
-async fn usb_ncm_tx_task(mut class: Sender<'static, MyDriver>) {
-    loop {
-        let pkt = TX_CHANNEL.recv().await;
-        if let Err(e) = class.write_packet(&pkt[..]).await {
-            warn!("Failed to TX packet: {:?}", e);
-        }
-    }
-}
-
-#[embassy_executor::task]
-async fn net_task(stack: &'static Stack<Device>) -> ! {
+async fn net_task(stack: &'static Stack<Device<'static, MTU>>) -> ! {
     stack.run().await
 }
 
@@ -108,55 +74,32 @@ async fn main(spawner: Spawner) {
     config.device_sub_class = 0x02;
     config.device_protocol = 0x01;
 
-    struct Resources {
-        device_descriptor: [u8; 256],
-        config_descriptor: [u8; 256],
-        bos_descriptor: [u8; 256],
-        control_buf: [u8; 128],
-        serial_state: State<'static>,
-    }
-    let res: &mut Resources = singleton!(Resources {
-        device_descriptor: [0; 256],
-        config_descriptor: [0; 256],
-        bos_descriptor: [0; 256],
-        control_buf: [0; 128],
-        serial_state: State::new(),
-    });
-
     // Create embassy-usb DeviceBuilder using the driver and config.
     let mut builder = Builder::new(
         driver,
         config,
-        &mut res.device_descriptor,
-        &mut res.config_descriptor,
-        &mut res.bos_descriptor,
-        &mut res.control_buf,
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 128])[..],
         None,
     );
 
-    // WARNINGS for Android ethernet tethering:
-    // - On Pixel 4a, it refused to work on Android 11, worked on Android 12.
-    // - if the host's MAC address has the "locally-administered" bit set (bit 1 of first byte),
-    //   it doesn't work! The "Ethernet tethering" option in settings doesn't get enabled.
-    //   This is due to regex spaghetti: https://android.googlesource.com/platform/frameworks/base/+/refs/tags/android-mainline-12.0.0_r84/core/res/res/values/config.xml#417
-    //   and this nonsense in the linux kernel: https://github.com/torvalds/linux/blob/c00c5e1d157bec0ef0b0b59aa5482eb8dc7e8e49/drivers/net/usb/usbnet.c#L1751-L1757
-
     // Our MAC addr.
     let our_mac_addr = [0xCC, 0xCC, 0xCC, 0xCC, 0xCC, 0xCC];
     // Host's MAC addr. This is the MAC the host "thinks" its USB-to-ethernet adapter has.
     let host_mac_addr = [0x88, 0x88, 0x88, 0x88, 0x88, 0x88];
 
     // Create classes on the builder.
-    let class = CdcNcmClass::new(&mut builder, &mut res.serial_state, host_mac_addr, 64);
+    let class = CdcNcmClass::new(&mut builder, singleton!(State::new()), host_mac_addr, 64);
 
     // Build the builder.
     let usb = builder.build();
 
     unwrap!(spawner.spawn(usb_task(usb)));
 
-    let (tx, rx) = class.split();
-    unwrap!(spawner.spawn(usb_ncm_rx_task(rx)));
-    unwrap!(spawner.spawn(usb_ncm_tx_task(tx)));
+    let (runner, device) = class.into_embassy_net_device::<MTU, 4, 4>(singleton!(NetState::new()), our_mac_addr);
+    unwrap!(spawner.spawn(usb_ncm_task(runner)));
 
     let config = embassy_net::ConfigStrategy::Dhcp;
     //let config = embassy_net::ConfigStrategy::Static(embassy_net::Config {
@@ -172,7 +115,6 @@ async fn main(spawner: Spawner) {
     let seed = u64::from_le_bytes(seed);
 
     // Init network stack
-    let device = Device { mac_addr: our_mac_addr };
     let stack = &*singleton!(Stack::new(
         device,
         config,
@@ -225,50 +167,3 @@ async fn main(spawner: Spawner) {
         }
     }
 }
-
-static TX_CHANNEL: Channel<ThreadModeRawMutex, PacketBuf, 8> = Channel::new();
-static RX_CHANNEL: Channel<ThreadModeRawMutex, PacketBuf, 8> = Channel::new();
-static LINK_UP: AtomicBool = AtomicBool::new(false);
-
-struct Device {
-    mac_addr: [u8; 6],
-}
-
-impl embassy_net::Device for Device {
-    fn register_waker(&mut self, waker: &Waker) {
-        // loopy loopy wakey wakey
-        waker.wake_by_ref()
-    }
-
-    fn link_state(&mut self) -> embassy_net::LinkState {
-        match LINK_UP.load(Ordering::Relaxed) {
-            true => embassy_net::LinkState::Up,
-            false => embassy_net::LinkState::Down,
-        }
-    }
-
-    fn capabilities(&self) -> embassy_net::DeviceCapabilities {
-        let mut caps = embassy_net::DeviceCapabilities::default();
-        caps.max_transmission_unit = 1514; // 1500 IP + 14 ethernet header
-        caps.medium = embassy_net::Medium::Ethernet;
-        caps
-    }
-
-    fn is_transmit_ready(&mut self) -> bool {
-        true
-    }
-
-    fn transmit(&mut self, pkt: PacketBuf) {
-        if TX_CHANNEL.try_send(pkt).is_err() {
-            warn!("TX failed")
-        }
-    }
-
-    fn receive<'a>(&mut self) -> Option<PacketBuf> {
-        RX_CHANNEL.try_recv().ok()
-    }
-
-    fn ethernet_address(&self) -> [u8; 6] {
-        self.mac_addr
-    }
-}
diff --git a/examples/rp/Cargo.toml b/examples/rp/Cargo.toml
index dfbc2642..31a08cfb 100644
--- a/examples/rp/Cargo.toml
+++ b/examples/rp/Cargo.toml
@@ -10,7 +10,7 @@ embassy-sync = { version = "0.1.0", path = "../../embassy-sync", features = ["de
 embassy-executor = { version = "0.1.0", path = "../../embassy-executor", features = ["defmt", "integrated-timers"] }
 embassy-time = { version = "0.1.0", path = "../../embassy-time", features = ["defmt", "defmt-timestamp-uptime"] }
 embassy-rp = { version = "0.1.0", path = "../../embassy-rp", features = ["defmt", "unstable-traits", "nightly", "unstable-pac", "time-driver", "pio", "critical-section-impl"] }
-embassy-usb = { version = "0.1.0", path = "../../embassy-usb", features = ["defmt"] }
+embassy-usb = { version = "0.1.0", path = "../../embassy-usb", features = ["defmt", "embassy-net"] }
 embassy-net = { version = "0.1.0", path = "../../embassy-net", features = ["defmt", "nightly", "tcp", "dhcpv4", "medium-ethernet", "pool-16"] }
 embassy-futures = { version = "0.1.0", path = "../../embassy-futures" }
 embassy-usb-logger = { version = "0.1.0", path = "../../embassy-usb-logger" }
diff --git a/examples/rp/src/bin/usb_ethernet.rs b/examples/rp/src/bin/usb_ethernet.rs
index 1057fe7f..d0aec874 100644
--- a/examples/rp/src/bin/usb_ethernet.rs
+++ b/examples/rp/src/bin/usb_ethernet.rs
@@ -2,18 +2,14 @@
 #![no_main]
 #![feature(type_alias_impl_trait)]
 
-use core::sync::atomic::{AtomicBool, Ordering};
-use core::task::Waker;
-
 use defmt::*;
 use embassy_executor::Spawner;
 use embassy_net::tcp::TcpSocket;
-use embassy_net::{PacketBox, PacketBoxExt, PacketBuf, Stack, StackResources};
+use embassy_net::{Stack, StackResources};
 use embassy_rp::usb::Driver;
 use embassy_rp::{interrupt, peripherals};
-use embassy_sync::blocking_mutex::raw::ThreadModeRawMutex;
-use embassy_sync::channel::Channel;
-use embassy_usb::class::cdc_ncm::{CdcNcmClass, Receiver, Sender, State};
+use embassy_usb::class::cdc_ncm::embassy_net::{Device, Runner, State as NetState};
+use embassy_usb::class::cdc_ncm::{CdcNcmClass, State};
 use embassy_usb::{Builder, Config, UsbDevice};
 use embedded_io::asynch::Write;
 use static_cell::StaticCell;
@@ -25,56 +21,25 @@ macro_rules! singleton {
     ($val:expr) => {{
         type T = impl Sized;
         static STATIC_CELL: StaticCell<T> = StaticCell::new();
-        STATIC_CELL.init_with(move || $val)
+        let (x,) = STATIC_CELL.init(($val,));
+        x
     }};
 }
 
+const MTU: usize = 1514;
+
 #[embassy_executor::task]
 async fn usb_task(mut device: UsbDevice<'static, MyDriver>) -> ! {
     device.run().await
 }
 
 #[embassy_executor::task]
-async fn usb_ncm_rx_task(mut class: Receiver<'static, MyDriver>) {
-    loop {
-        warn!("WAITING for connection");
-        LINK_UP.store(false, Ordering::Relaxed);
-
-        class.wait_connection().await.unwrap();
-
-        warn!("Connected");
-        LINK_UP.store(true, Ordering::Relaxed);
-
-        loop {
-            let mut p = unwrap!(PacketBox::new(embassy_net::Packet::new()));
-            let n = match class.read_packet(&mut p[..]).await {
-                Ok(n) => n,
-                Err(e) => {
-                    warn!("error reading packet: {:?}", e);
-                    break;
-                }
-            };
-
-            let buf = p.slice(0..n);
-            if RX_CHANNEL.try_send(buf).is_err() {
-                warn!("Failed pushing rx'd packet to channel.");
-            }
-        }
-    }
+async fn usb_ncm_task(class: Runner<'static, MyDriver, MTU>) -> ! {
+    class.run().await
 }
 
 #[embassy_executor::task]
-async fn usb_ncm_tx_task(mut class: Sender<'static, MyDriver>) {
-    loop {
-        let pkt = TX_CHANNEL.recv().await;
-        if let Err(e) = class.write_packet(&pkt[..]).await {
-            warn!("Failed to TX packet: {:?}", e);
-        }
-    }
-}
-
-#[embassy_executor::task]
-async fn net_task(stack: &'static Stack<Device>) -> ! {
+async fn net_task(stack: &'static Stack<Device<'static, MTU>>) -> ! {
     stack.run().await
 }
 
@@ -100,55 +65,32 @@ async fn main(spawner: Spawner) {
     config.device_sub_class = 0x02;
     config.device_protocol = 0x01;
 
-    struct Resources {
-        device_descriptor: [u8; 256],
-        config_descriptor: [u8; 256],
-        bos_descriptor: [u8; 256],
-        control_buf: [u8; 128],
-        serial_state: State<'static>,
-    }
-    let res: &mut Resources = singleton!(Resources {
-        device_descriptor: [0; 256],
-        config_descriptor: [0; 256],
-        bos_descriptor: [0; 256],
-        control_buf: [0; 128],
-        serial_state: State::new(),
-    });
-
     // Create embassy-usb DeviceBuilder using the driver and config.
     let mut builder = Builder::new(
         driver,
         config,
-        &mut res.device_descriptor,
-        &mut res.config_descriptor,
-        &mut res.bos_descriptor,
-        &mut res.control_buf,
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 128])[..],
         None,
     );
 
-    // WARNINGS for Android ethernet tethering:
-    // - On Pixel 4a, it refused to work on Android 11, worked on Android 12.
-    // - if the host's MAC address has the "locally-administered" bit set (bit 1 of first byte),
-    //   it doesn't work! The "Ethernet tethering" option in settings doesn't get enabled.
-    //   This is due to regex spaghetti: https://android.googlesource.com/platform/frameworks/base/+/refs/tags/android-mainline-12.0.0_r84/core/res/res/values/config.xml#417
-    //   and this nonsense in the linux kernel: https://github.com/torvalds/linux/blob/c00c5e1d157bec0ef0b0b59aa5482eb8dc7e8e49/drivers/net/usb/usbnet.c#L1751-L1757
-
     // Our MAC addr.
     let our_mac_addr = [0xCC, 0xCC, 0xCC, 0xCC, 0xCC, 0xCC];
     // Host's MAC addr. This is the MAC the host "thinks" its USB-to-ethernet adapter has.
     let host_mac_addr = [0x88, 0x88, 0x88, 0x88, 0x88, 0x88];
 
     // Create classes on the builder.
-    let class = CdcNcmClass::new(&mut builder, &mut res.serial_state, host_mac_addr, 64);
+    let class = CdcNcmClass::new(&mut builder, singleton!(State::new()), host_mac_addr, 64);
 
     // Build the builder.
     let usb = builder.build();
 
     unwrap!(spawner.spawn(usb_task(usb)));
 
-    let (tx, rx) = class.split();
-    unwrap!(spawner.spawn(usb_ncm_rx_task(rx)));
-    unwrap!(spawner.spawn(usb_ncm_tx_task(tx)));
+    let (runner, device) = class.into_embassy_net_device::<MTU, 4, 4>(singleton!(NetState::new()), our_mac_addr);
+    unwrap!(spawner.spawn(usb_ncm_task(runner)));
 
     let config = embassy_net::ConfigStrategy::Dhcp;
     //let config = embassy_net::ConfigStrategy::Static(embassy_net::Config {
@@ -161,7 +103,6 @@ async fn main(spawner: Spawner) {
     let seed = 1234; // guaranteed random, chosen by a fair dice roll
 
     // Init network stack
-    let device = Device { mac_addr: our_mac_addr };
     let stack = &*singleton!(Stack::new(
         device,
         config,
@@ -214,50 +155,3 @@ async fn main(spawner: Spawner) {
         }
     }
 }
-
-static TX_CHANNEL: Channel<ThreadModeRawMutex, PacketBuf, 8> = Channel::new();
-static RX_CHANNEL: Channel<ThreadModeRawMutex, PacketBuf, 8> = Channel::new();
-static LINK_UP: AtomicBool = AtomicBool::new(false);
-
-struct Device {
-    mac_addr: [u8; 6],
-}
-
-impl embassy_net::Device for Device {
-    fn register_waker(&mut self, waker: &Waker) {
-        // loopy loopy wakey wakey
-        waker.wake_by_ref()
-    }
-
-    fn link_state(&mut self) -> embassy_net::LinkState {
-        match LINK_UP.load(Ordering::Relaxed) {
-            true => embassy_net::LinkState::Up,
-            false => embassy_net::LinkState::Down,
-        }
-    }
-
-    fn capabilities(&self) -> embassy_net::DeviceCapabilities {
-        let mut caps = embassy_net::DeviceCapabilities::default();
-        caps.max_transmission_unit = 1514; // 1500 IP + 14 ethernet header
-        caps.medium = embassy_net::Medium::Ethernet;
-        caps
-    }
-
-    fn is_transmit_ready(&mut self) -> bool {
-        true
-    }
-
-    fn transmit(&mut self, pkt: PacketBuf) {
-        if TX_CHANNEL.try_send(pkt).is_err() {
-            warn!("TX failed")
-        }
-    }
-
-    fn receive<'a>(&mut self) -> Option<PacketBuf> {
-        RX_CHANNEL.try_recv().ok()
-    }
-
-    fn ethernet_address(&self) -> [u8; 6] {
-        self.mac_addr
-    }
-}
diff --git a/examples/std/src/tuntap.rs b/examples/std/src/tuntap.rs
index a0cace7f..bb3e194c 100644
--- a/examples/std/src/tuntap.rs
+++ b/examples/std/src/tuntap.rs
@@ -1,8 +1,10 @@
 use std::io;
 use std::io::{Read, Write};
 use std::os::unix::io::{AsRawFd, RawFd};
+use std::task::Context;
 
 use async_io::Async;
+use embassy_net::device::{self, Device, DeviceCapabilities, LinkState};
 use log::*;
 
 pub const SIOCGIFMTU: libc::c_ulong = 0x8921;
@@ -125,54 +127,35 @@ impl io::Write for TunTap {
 
 pub struct TunTapDevice {
     device: Async<TunTap>,
-    waker: Option<Waker>,
 }
 
 impl TunTapDevice {
     pub fn new(name: &str) -> io::Result<TunTapDevice> {
         Ok(Self {
             device: Async::new(TunTap::new(name)?)?,
-            waker: None,
         })
     }
 }
 
-use core::task::Waker;
-use std::task::Context;
-
-use embassy_net::{Device, DeviceCapabilities, LinkState, Packet, PacketBox, PacketBoxExt, PacketBuf};
-
 impl Device for TunTapDevice {
-    fn is_transmit_ready(&mut self) -> bool {
-        true
-    }
+    type RxToken<'a> = RxToken where Self: 'a;
+    type TxToken<'a> = TxToken<'a> where Self: 'a;
 
-    fn transmit(&mut self, pkt: PacketBuf) {
-        // todo handle WouldBlock
-        match self.device.get_mut().write(&pkt) {
-            Ok(_) => {}
-            Err(e) if e.kind() == io::ErrorKind::WouldBlock => {
-                info!("transmit WouldBlock");
-            }
-            Err(e) => panic!("transmit error: {:?}", e),
-        }
-    }
-
-    fn receive(&mut self) -> Option<PacketBuf> {
-        let mut pkt = PacketBox::new(Packet::new()).unwrap();
+    fn receive(&mut self, cx: &mut Context) -> Option<(Self::RxToken<'_>, Self::TxToken<'_>)> {
+        let mut buf = vec![0; self.device.get_ref().mtu];
         loop {
-            match self.device.get_mut().read(&mut pkt[..]) {
+            match self.device.get_mut().read(&mut buf) {
                 Ok(n) => {
-                    return Some(pkt.slice(0..n));
+                    buf.truncate(n);
+                    return Some((
+                        RxToken { buffer: buf },
+                        TxToken {
+                            device: &mut self.device,
+                        },
+                    ));
                 }
                 Err(e) if e.kind() == io::ErrorKind::WouldBlock => {
-                    let ready = if let Some(w) = self.waker.as_ref() {
-                        let mut cx = Context::from_waker(w);
-                        self.device.poll_readable(&mut cx).is_ready()
-                    } else {
-                        false
-                    };
-                    if !ready {
+                    if !self.device.poll_readable(cx).is_ready() {
                         return None;
                     }
                 }
@@ -181,28 +164,10 @@ impl Device for TunTapDevice {
         }
     }
 
-    fn register_waker(&mut self, w: &Waker) {
-        match self.waker {
-            // Optimization: If both the old and new Wakers wake the same task, we can simply
-            // keep the old waker, skipping the clone. (In most executor implementations,
-            // cloning a waker is somewhat expensive, comparable to cloning an Arc).
-            Some(ref w2) if (w2.will_wake(w)) => {}
-            _ => {
-                // clone the new waker and store it
-                if let Some(old_waker) = core::mem::replace(&mut self.waker, Some(w.clone())) {
-                    // We had a waker registered for another task. Wake it, so the other task can
-                    // reregister itself if it's still interested.
-                    //
-                    // If two tasks are waiting on the same thing concurrently, this will cause them
-                    // to wake each other in a loop fighting over this WakerRegistration. This wastes
-                    // CPU but things will still work.
-                    //
-                    // If the user wants to have two tasks waiting on the same thing they should use
-                    // a more appropriate primitive that can store multiple wakers.
-                    old_waker.wake()
-                }
-            }
-        }
+    fn transmit(&mut self, _cx: &mut Context) -> Option<Self::TxToken<'_>> {
+        Some(TxToken {
+            device: &mut self.device,
+        })
     }
 
     fn capabilities(&self) -> DeviceCapabilities {
@@ -211,7 +176,7 @@ impl Device for TunTapDevice {
         caps
     }
 
-    fn link_state(&mut self) -> LinkState {
+    fn link_state(&mut self, _cx: &mut Context) -> LinkState {
         LinkState::Up
     }
 
@@ -219,3 +184,41 @@ impl Device for TunTapDevice {
         [0x02, 0x03, 0x04, 0x05, 0x06, 0x07]
     }
 }
+
+#[doc(hidden)]
+pub struct RxToken {
+    buffer: Vec<u8>,
+}
+
+impl device::RxToken for RxToken {
+    fn consume<R, F>(mut self, f: F) -> R
+    where
+        F: FnOnce(&mut [u8]) -> R,
+    {
+        f(&mut self.buffer)
+    }
+}
+
+#[doc(hidden)]
+pub struct TxToken<'a> {
+    device: &'a mut Async<TunTap>,
+}
+
+impl<'a> device::TxToken for TxToken<'a> {
+    fn consume<R, F>(self, len: usize, f: F) -> R
+    where
+        F: FnOnce(&mut [u8]) -> R,
+    {
+        let mut buffer = vec![0; len];
+        let result = f(&mut buffer);
+
+        // todo handle WouldBlock with async
+        match self.device.get_mut().write(&buffer) {
+            Ok(_) => {}
+            Err(e) if e.kind() == io::ErrorKind::WouldBlock => info!("transmit WouldBlock"),
+            Err(e) => panic!("transmit error: {:?}", e),
+        }
+
+        result
+    }
+}
diff --git a/examples/stm32f7/Cargo.toml b/examples/stm32f7/Cargo.toml
index f4d674cd..afdf8700 100644
--- a/examples/stm32f7/Cargo.toml
+++ b/examples/stm32f7/Cargo.toml
@@ -8,7 +8,7 @@ license = "MIT OR Apache-2.0"
 embassy-sync = { version = "0.1.0", path = "../../embassy-sync", features = ["defmt"] }
 embassy-executor = { version = "0.1.0", path = "../../embassy-executor", features = ["defmt", "integrated-timers"] }
 embassy-time = { version = "0.1.0", path = "../../embassy-time", features = ["defmt", "defmt-timestamp-uptime", "tick-hz-32_768"] }
-embassy-stm32 = { version = "0.1.0", path = "../../embassy-stm32", features = ["nightly", "defmt", "net", "stm32f767zi", "unstable-pac", "time-driver-any", "exti"]  }
+embassy-stm32 = { version = "0.1.0", path = "../../embassy-stm32", features = ["nightly", "defmt", "embassy-net", "stm32f767zi", "unstable-pac", "time-driver-any", "exti"]  }
 embassy-net = { path = "../../embassy-net", features = ["defmt", "nightly", "tcp", "dhcpv4", "medium-ethernet", "pool-16"] }
 embedded-io = { version = "0.4.0", features = ["async"] }
 
diff --git a/examples/stm32f7/src/bin/eth.rs b/examples/stm32f7/src/bin/eth.rs
index 5202edf6..224cc202 100644
--- a/examples/stm32f7/src/bin/eth.rs
+++ b/examples/stm32f7/src/bin/eth.rs
@@ -7,7 +7,7 @@ use embassy_executor::Spawner;
 use embassy_net::tcp::TcpSocket;
 use embassy_net::{Ipv4Address, Stack, StackResources};
 use embassy_stm32::eth::generic_smi::GenericSMI;
-use embassy_stm32::eth::{Ethernet, State};
+use embassy_stm32::eth::{Ethernet, PacketQueue};
 use embassy_stm32::peripherals::ETH;
 use embassy_stm32::rng::Rng;
 use embassy_stm32::time::mhz;
@@ -22,11 +22,12 @@ macro_rules! singleton {
     ($val:expr) => {{
         type T = impl Sized;
         static STATIC_CELL: StaticCell<T> = StaticCell::new();
-        STATIC_CELL.init_with(move || $val)
+        let (x,) = STATIC_CELL.init(($val,));
+        x
     }};
 }
 
-type Device = Ethernet<'static, ETH, GenericSMI, 4, 4>;
+type Device = Ethernet<'static, ETH, GenericSMI>;
 
 #[embassy_executor::task]
 async fn net_task(stack: &'static Stack<Device>) -> ! {
@@ -50,25 +51,23 @@ async fn main(spawner: Spawner) -> ! {
     let eth_int = interrupt::take!(ETH);
     let mac_addr = [0x00, 0x00, 0xDE, 0xAD, 0xBE, 0xEF];
 
-    let device = unsafe {
-        Ethernet::new(
-            singleton!(State::new()),
-            p.ETH,
-            eth_int,
-            p.PA1,
-            p.PA2,
-            p.PC1,
-            p.PA7,
-            p.PC4,
-            p.PC5,
-            p.PG13,
-            p.PB13,
-            p.PG11,
-            GenericSMI,
-            mac_addr,
-            0,
-        )
-    };
+    let device = Ethernet::new(
+        singleton!(PacketQueue::<16, 16>::new()),
+        p.ETH,
+        eth_int,
+        p.PA1,
+        p.PA2,
+        p.PC1,
+        p.PA7,
+        p.PC4,
+        p.PC5,
+        p.PG13,
+        p.PB13,
+        p.PG11,
+        GenericSMI,
+        mac_addr,
+        0,
+    );
 
     let config = embassy_net::ConfigStrategy::Dhcp;
     //let config = embassy_net::ConfigStrategy::Static(embassy_net::Config {
@@ -91,8 +90,8 @@ async fn main(spawner: Spawner) -> ! {
     info!("Network task initialized");
 
     // Then we can use it!
-    let mut rx_buffer = [0; 1024];
-    let mut tx_buffer = [0; 1024];
+    let mut rx_buffer = [0; 4096];
+    let mut tx_buffer = [0; 4096];
 
     loop {
         let mut socket = TcpSocket::new(&stack, &mut rx_buffer, &mut tx_buffer);
@@ -107,8 +106,9 @@ async fn main(spawner: Spawner) -> ! {
             continue;
         }
         info!("connected!");
+        let buf = [0; 1024];
         loop {
-            let r = socket.write_all(b"Hello\n").await;
+            let r = socket.write_all(&buf).await;
             if let Err(e) = r {
                 info!("write error: {:?}", e);
                 return;
diff --git a/examples/stm32h7/Cargo.toml b/examples/stm32h7/Cargo.toml
index 11ce3505..5acf0035 100644
--- a/examples/stm32h7/Cargo.toml
+++ b/examples/stm32h7/Cargo.toml
@@ -8,7 +8,7 @@ license = "MIT OR Apache-2.0"
 embassy-sync = { version = "0.1.0", path = "../../embassy-sync", features = ["defmt"] }
 embassy-executor = { version = "0.1.0", path = "../../embassy-executor", features = ["defmt", "integrated-timers"] }
 embassy-time = { version = "0.1.0", path = "../../embassy-time", features = ["defmt", "defmt-timestamp-uptime", "unstable-traits", "tick-hz-32_768"] }
-embassy-stm32 = { version = "0.1.0", path = "../../embassy-stm32", features = ["nightly", "defmt", "stm32h743bi", "net", "time-driver-any", "exti", "unstable-pac", "unstable-traits"] }
+embassy-stm32 = { version = "0.1.0", path = "../../embassy-stm32", features = ["nightly", "defmt", "stm32h743bi", "embassy-net", "time-driver-any", "exti", "unstable-pac", "unstable-traits"] }
 embassy-net = { path = "../../embassy-net", features = ["defmt", "nightly", "tcp", "dhcpv4", "medium-ethernet", "pool-16", "unstable-traits"] }
 embedded-io = { version = "0.4.0", features = ["async"] }
 
diff --git a/examples/stm32h7/src/bin/eth.rs b/examples/stm32h7/src/bin/eth.rs
index 4ccc0b5e..551325ca 100644
--- a/examples/stm32h7/src/bin/eth.rs
+++ b/examples/stm32h7/src/bin/eth.rs
@@ -7,7 +7,7 @@ use embassy_executor::Spawner;
 use embassy_net::tcp::TcpSocket;
 use embassy_net::{Ipv4Address, Stack, StackResources};
 use embassy_stm32::eth::generic_smi::GenericSMI;
-use embassy_stm32::eth::{Ethernet, State};
+use embassy_stm32::eth::{Ethernet, PacketQueue};
 use embassy_stm32::peripherals::ETH;
 use embassy_stm32::rng::Rng;
 use embassy_stm32::time::mhz;
@@ -22,11 +22,12 @@ macro_rules! singleton {
     ($val:expr) => {{
         type T = impl Sized;
         static STATIC_CELL: StaticCell<T> = StaticCell::new();
-        STATIC_CELL.init_with(move || $val)
+        let (x,) = STATIC_CELL.init(($val,));
+        x
     }};
 }
 
-type Device = Ethernet<'static, ETH, GenericSMI, 4, 4>;
+type Device = Ethernet<'static, ETH, GenericSMI>;
 
 #[embassy_executor::task]
 async fn net_task(stack: &'static Stack<Device>) -> ! {
@@ -51,25 +52,23 @@ async fn main(spawner: Spawner) -> ! {
     let eth_int = interrupt::take!(ETH);
     let mac_addr = [0x00, 0x00, 0xDE, 0xAD, 0xBE, 0xEF];
 
-    let device = unsafe {
-        Ethernet::new(
-            singleton!(State::new()),
-            p.ETH,
-            eth_int,
-            p.PA1,
-            p.PA2,
-            p.PC1,
-            p.PA7,
-            p.PC4,
-            p.PC5,
-            p.PG13,
-            p.PB13,
-            p.PG11,
-            GenericSMI,
-            mac_addr,
-            0,
-        )
-    };
+    let device = Ethernet::new(
+        singleton!(PacketQueue::<16, 16>::new()),
+        p.ETH,
+        eth_int,
+        p.PA1,
+        p.PA2,
+        p.PC1,
+        p.PA7,
+        p.PC4,
+        p.PC5,
+        p.PG13,
+        p.PB13,
+        p.PG11,
+        GenericSMI,
+        mac_addr,
+        0,
+    );
 
     let config = embassy_net::ConfigStrategy::Dhcp;
     //let config = embassy_net::ConfigStrategy::Static(embassy_net::Config {
diff --git a/examples/stm32h7/src/bin/eth_client.rs b/examples/stm32h7/src/bin/eth_client.rs
index 64fd8414..61a08ae1 100644
--- a/examples/stm32h7/src/bin/eth_client.rs
+++ b/examples/stm32h7/src/bin/eth_client.rs
@@ -7,7 +7,7 @@ use embassy_executor::Spawner;
 use embassy_net::tcp::client::{TcpClient, TcpClientState};
 use embassy_net::{Stack, StackResources};
 use embassy_stm32::eth::generic_smi::GenericSMI;
-use embassy_stm32::eth::{Ethernet, State};
+use embassy_stm32::eth::{Ethernet, PacketQueue};
 use embassy_stm32::peripherals::ETH;
 use embassy_stm32::rng::Rng;
 use embassy_stm32::time::mhz;
@@ -23,11 +23,12 @@ macro_rules! singleton {
     ($val:expr) => {{
         type T = impl Sized;
         static STATIC_CELL: StaticCell<T> = StaticCell::new();
-        STATIC_CELL.init_with(move || $val)
+        let (x,) = STATIC_CELL.init(($val,));
+        x
     }};
 }
 
-type Device = Ethernet<'static, ETH, GenericSMI, 4, 4>;
+type Device = Ethernet<'static, ETH, GenericSMI>;
 
 #[embassy_executor::task]
 async fn net_task(stack: &'static Stack<Device>) -> ! {
@@ -52,25 +53,23 @@ async fn main(spawner: Spawner) -> ! {
     let eth_int = interrupt::take!(ETH);
     let mac_addr = [0x00, 0x00, 0xDE, 0xAD, 0xBE, 0xEF];
 
-    let device = unsafe {
-        Ethernet::new(
-            singleton!(State::new()),
-            p.ETH,
-            eth_int,
-            p.PA1,
-            p.PA2,
-            p.PC1,
-            p.PA7,
-            p.PC4,
-            p.PC5,
-            p.PG13,
-            p.PB13,
-            p.PG11,
-            GenericSMI,
-            mac_addr,
-            0,
-        )
-    };
+    let device = Ethernet::new(
+        singleton!(PacketQueue::<16, 16>::new()),
+        p.ETH,
+        eth_int,
+        p.PA1,
+        p.PA2,
+        p.PC1,
+        p.PA7,
+        p.PC4,
+        p.PC5,
+        p.PG13,
+        p.PB13,
+        p.PG11,
+        GenericSMI,
+        mac_addr,
+        0,
+    );
 
     let config = embassy_net::ConfigStrategy::Dhcp;
     //let config = embassy_net::ConfigStrategy::Static(embassy_net::Config {
diff --git a/examples/stm32l5/Cargo.toml b/examples/stm32l5/Cargo.toml
index 73ad5078..bb851531 100644
--- a/examples/stm32l5/Cargo.toml
+++ b/examples/stm32l5/Cargo.toml
@@ -11,7 +11,7 @@ embassy-sync = { version = "0.1.0", path = "../../embassy-sync", features = ["de
 embassy-executor = { version = "0.1.0", path = "../../embassy-executor", features = ["defmt", "integrated-timers"] }
 embassy-time = { version = "0.1.0", path = "../../embassy-time", features = ["defmt", "defmt-timestamp-uptime", "tick-hz-32_768"] }
 embassy-stm32 = { version = "0.1.0", path = "../../embassy-stm32", features = ["nightly", "defmt", "unstable-pac", "stm32l552ze", "time-driver-any", "exti", "unstable-traits", "memory-x"]  }
-embassy-usb = { version = "0.1.0", path = "../../embassy-usb", features = ["defmt"] }
+embassy-usb = { version = "0.1.0", path = "../../embassy-usb", features = ["defmt", "embassy-net"] }
 embassy-net = { version = "0.1.0", path = "../../embassy-net", features = ["defmt", "nightly", "tcp", "dhcpv4", "medium-ethernet", "pool-16"] }
 embassy-futures = { version = "0.1.0", path = "../../embassy-futures" }
 usbd-hid = "0.6.0"
diff --git a/examples/stm32l5/src/bin/usb_ethernet.rs b/examples/stm32l5/src/bin/usb_ethernet.rs
index 4f36d3f5..b49329ea 100644
--- a/examples/stm32l5/src/bin/usb_ethernet.rs
+++ b/examples/stm32l5/src/bin/usb_ethernet.rs
@@ -2,20 +2,16 @@
 #![no_main]
 #![feature(type_alias_impl_trait)]
 
-use core::sync::atomic::{AtomicBool, Ordering};
-use core::task::Waker;
-
 use defmt::*;
 use embassy_executor::Spawner;
 use embassy_net::tcp::TcpSocket;
-use embassy_net::{PacketBox, PacketBoxExt, PacketBuf, Stack, StackResources};
+use embassy_net::{Stack, StackResources};
 use embassy_stm32::rcc::*;
 use embassy_stm32::rng::Rng;
 use embassy_stm32::usb::Driver;
 use embassy_stm32::{interrupt, Config};
-use embassy_sync::blocking_mutex::raw::ThreadModeRawMutex;
-use embassy_sync::channel::Channel;
-use embassy_usb::class::cdc_ncm::{CdcNcmClass, Receiver, Sender, State};
+use embassy_usb::class::cdc_ncm::embassy_net::{Device, Runner, State as NetState};
+use embassy_usb::class::cdc_ncm::{CdcNcmClass, State};
 use embassy_usb::{Builder, UsbDevice};
 use embedded_io::asynch::Write;
 use rand_core::RngCore;
@@ -28,56 +24,25 @@ macro_rules! singleton {
     ($val:expr) => {{
         type T = impl Sized;
         static STATIC_CELL: StaticCell<T> = StaticCell::new();
-        STATIC_CELL.init_with(move || $val)
+        let (x,) = STATIC_CELL.init(($val,));
+        x
     }};
 }
 
+const MTU: usize = 1514;
+
 #[embassy_executor::task]
 async fn usb_task(mut device: UsbDevice<'static, MyDriver>) -> ! {
     device.run().await
 }
 
 #[embassy_executor::task]
-async fn usb_ncm_rx_task(mut class: Receiver<'static, MyDriver>) {
-    loop {
-        warn!("WAITING for connection");
-        LINK_UP.store(false, Ordering::Relaxed);
-
-        class.wait_connection().await.unwrap();
-
-        warn!("Connected");
-        LINK_UP.store(true, Ordering::Relaxed);
-
-        loop {
-            let mut p = unwrap!(PacketBox::new(embassy_net::Packet::new()));
-            let n = match class.read_packet(&mut p[..]).await {
-                Ok(n) => n,
-                Err(e) => {
-                    warn!("error reading packet: {:?}", e);
-                    break;
-                }
-            };
-
-            let buf = p.slice(0..n);
-            if RX_CHANNEL.try_send(buf).is_err() {
-                warn!("Failed pushing rx'd packet to channel.");
-            }
-        }
-    }
+async fn usb_ncm_task(class: Runner<'static, MyDriver, MTU>) -> ! {
+    class.run().await
 }
 
 #[embassy_executor::task]
-async fn usb_ncm_tx_task(mut class: Sender<'static, MyDriver>) {
-    loop {
-        let pkt = TX_CHANNEL.recv().await;
-        if let Err(e) = class.write_packet(&pkt[..]).await {
-            warn!("Failed to TX packet: {:?}", e);
-        }
-    }
-}
-
-#[embassy_executor::task]
-async fn net_task(stack: &'static Stack<Device>) -> ! {
+async fn net_task(stack: &'static Stack<Device<'static, MTU>>) -> ! {
     stack.run().await
 }
 
@@ -106,55 +71,32 @@ async fn main(spawner: Spawner) {
     config.device_sub_class = 0x02;
     config.device_protocol = 0x01;
 
-    struct Resources {
-        device_descriptor: [u8; 256],
-        config_descriptor: [u8; 256],
-        bos_descriptor: [u8; 256],
-        control_buf: [u8; 128],
-        serial_state: State<'static>,
-    }
-    let res: &mut Resources = singleton!(Resources {
-        device_descriptor: [0; 256],
-        config_descriptor: [0; 256],
-        bos_descriptor: [0; 256],
-        control_buf: [0; 128],
-        serial_state: State::new(),
-    });
-
     // Create embassy-usb DeviceBuilder using the driver and config.
     let mut builder = Builder::new(
         driver,
         config,
-        &mut res.device_descriptor,
-        &mut res.config_descriptor,
-        &mut res.bos_descriptor,
-        &mut res.control_buf,
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 256])[..],
+        &mut singleton!([0; 128])[..],
         None,
     );
 
-    // WARNINGS for Android ethernet tethering:
-    // - On Pixel 4a, it refused to work on Android 11, worked on Android 12.
-    // - if the host's MAC address has the "locally-administered" bit set (bit 1 of first byte),
-    //   it doesn't work! The "Ethernet tethering" option in settings doesn't get enabled.
-    //   This is due to regex spaghetti: https://android.googlesource.com/platform/frameworks/base/+/refs/tags/android-mainline-12.0.0_r84/core/res/res/values/config.xml#417
-    //   and this nonsense in the linux kernel: https://github.com/torvalds/linux/blob/c00c5e1d157bec0ef0b0b59aa5482eb8dc7e8e49/drivers/net/usb/usbnet.c#L1751-L1757
-
     // Our MAC addr.
     let our_mac_addr = [0xCC, 0xCC, 0xCC, 0xCC, 0xCC, 0xCC];
     // Host's MAC addr. This is the MAC the host "thinks" its USB-to-ethernet adapter has.
     let host_mac_addr = [0x88, 0x88, 0x88, 0x88, 0x88, 0x88];
 
     // Create classes on the builder.
-    let class = CdcNcmClass::new(&mut builder, &mut res.serial_state, host_mac_addr, 64);
+    let class = CdcNcmClass::new(&mut builder, singleton!(State::new()), host_mac_addr, 64);
 
     // Build the builder.
     let usb = builder.build();
 
     unwrap!(spawner.spawn(usb_task(usb)));
 
-    let (tx, rx) = class.split();
-    unwrap!(spawner.spawn(usb_ncm_rx_task(rx)));
-    unwrap!(spawner.spawn(usb_ncm_tx_task(tx)));
+    let (runner, device) = class.into_embassy_net_device::<MTU, 4, 4>(singleton!(NetState::new()), our_mac_addr);
+    unwrap!(spawner.spawn(usb_ncm_task(runner)));
 
     let config = embassy_net::ConfigStrategy::Dhcp;
     //let config = embassy_net::ConfigStrategy::Static(embassy_net::Config {
@@ -168,7 +110,6 @@ async fn main(spawner: Spawner) {
     let seed = rng.next_u64();
 
     // Init network stack
-    let device = Device { mac_addr: our_mac_addr };
     let stack = &*singleton!(Stack::new(
         device,
         config,
@@ -221,50 +162,3 @@ async fn main(spawner: Spawner) {
         }
     }
 }
-
-static TX_CHANNEL: Channel<ThreadModeRawMutex, PacketBuf, 8> = Channel::new();
-static RX_CHANNEL: Channel<ThreadModeRawMutex, PacketBuf, 8> = Channel::new();
-static LINK_UP: AtomicBool = AtomicBool::new(false);
-
-struct Device {
-    mac_addr: [u8; 6],
-}
-
-impl embassy_net::Device for Device {
-    fn register_waker(&mut self, waker: &Waker) {
-        // loopy loopy wakey wakey
-        waker.wake_by_ref()
-    }
-
-    fn link_state(&mut self) -> embassy_net::LinkState {
-        match LINK_UP.load(Ordering::Relaxed) {
-            true => embassy_net::LinkState::Up,
-            false => embassy_net::LinkState::Down,
-        }
-    }
-
-    fn capabilities(&self) -> embassy_net::DeviceCapabilities {
-        let mut caps = embassy_net::DeviceCapabilities::default();
-        caps.max_transmission_unit = 1514; // 1500 IP + 14 ethernet header
-        caps.medium = embassy_net::Medium::Ethernet;
-        caps
-    }
-
-    fn is_transmit_ready(&mut self) -> bool {
-        true
-    }
-
-    fn transmit(&mut self, pkt: PacketBuf) {
-        if TX_CHANNEL.try_send(pkt).is_err() {
-            warn!("TX failed")
-        }
-    }
-
-    fn receive<'a>(&mut self) -> Option<PacketBuf> {
-        RX_CHANNEL.try_recv().ok()
-    }
-
-    fn ethernet_address(&self) -> [u8; 6] {
-        self.mac_addr
-    }
-}