Disclosed herein are adhesives, wood-based composites incorporating the adhesives, and methods of forming wood-based composites using the adhesives. Wood-based composites formed using the adhesives demonstrate an optimal combination of characteristics desirable to the wood products industry. Specifically, the wood products formed using the adhesive demonstrate (1) a light appearance when wet; (2) relatively low moisture content after soaking in water; (3) relatively little thickness swelling after soaking in water; and (4) minimal adhesion to metal press platens during press-forming of the wood products.