Ben explained EigenLayer liquid ETH staking that earns yield as well as EigenLayer (EL) points. Those EL mysterious points could be prerequisites for a potential airdrop. According to the article, there are a number of restaking platforms out there:
Do you guys have any deep insights into these platforms/protocols and how to take best advantages on brand new ways to leverage on ETH?
Looks like ETH will massively explode in value in the near future as financial institutions starts chasing yields into the stratosphere (coming crypto Lehman Brother) after the switch turns on for the spot ETH ETFs. I'm not sure if there is a pullback soon but I am sure to load up more ETH when that happens.
By the way, I just switched to a yearly plan after updating my card payment information. I cannot believe how much value I am already getting on my monthly subscription. Thank you so much for the education!
Hi guys. I'm from BTB community. Recently subbed to Defi newsletter and also signed up for academy.
Could you give more guidance exactly how to do the below or which lessons in the Academy course would be helpful to study this more to understand the below? I find it very overwhelming and not even sure how to start. 😣
Is there anything in the Academy that covers airdrops btw?
Thanks in advance!
"The opportunity for you, if you have excess capital or can borrow cheaply, is to acquire additional spot ETH and short an equal value of ETH perps to collect funding on any of the DeFi perps DEXes which are also paying farming rewards. We suggest using Aevo and Hyperliquid as both have current incentive programs on top of the ~60% APY you’ll earn while funding rates are steep.
There’s an interest rate arbitrage on Arbitrum - Aave USDC rates are typically 15-30% whereas ETH perp funding on Hyperliquid runs from 60-100%."
I've just taken a look at AEVO. It boost a very sleek UI, just like Hyperliquid. Nice!
Are you suggesting readers to deploy excess capital to AEVO savings vault? I noted that users can deposit USDC/USDC.e and earn ~4.6%APY yield, which similar to what Hyperliquid (HLP) vault offers. I was reading about the AEVO Earn vaults and it explains how the vault earns yield on Treasury Bonds. The documents says depositors can earn stETH on 0.5% on their funds, which is interesting (leveraging ETH).
Am I missing anything? I also noted on the security section:
"Ribbon's contracts are audited. Despite the audits and security measures we have taken, we advice users to exercise caution and to not risk funds they are not willing to lose."
I have been chased out of TD Ameritrade because they only want accredited investors on their platform. What a shame; I had to sell my AMD shares. I am planning to redeploy those excess capital into Hyperliquid and maybe a small amount onto AEVO if I understand it correctly?
By the way, I think I read somewhere that AEVO is not available for US citizens as well as certain countries. Be sure to check that out and not get into trouble with the laws.
Are there anyone who can understand EigenLayer and its security risk? I think it is way to early for leveraged ETH to blow up so soon. Unfortunately, EigenLayer deposits are currently closed.
I've got a bag of Goerli ETH on testnet and it seems like MetaMask is going to sunset it so I started to play around with the EigenLayer Testnet using Goerli ETH test tokens: https://goerli.eigenlayer.xyz/operator
For more information, you may like to refer to this nice article to play around first:
Also, are there are any other leveraged ETH platforms out there that is safe enough to earn some yields? I am currently hanging around with Hyperliquid for the time being and adding a little bit more risk with an extra deposit after warming up for about a month.
Great article and a wonderful summation of the investment thesis for Ethereum.
31M ETH on exchanges in 2021, less than 15M on exchanges today. Amplifies bullet point regarding floating supply.
One of those somewhat puzzled suppliers of USDC/USDT who happily collected 20%+ APY lending it to degens, then used the proceeds to buy ETH and stake it. After reading this realize that am fueling frenzy by both enabling people to buy more ETH and then using the proceeds from that to take more ETH off the market myself. Which drives price up further, inspiring more people to borrow at 20%+.
Is there a price at which you stop buying/sell ETH/BTC? E.g. we go bull for the next 12 months given the halving/ETFs, then there is likely to be a bear. Are there any indicators to be watching for that signal the peak.
Hi DeFi Team,
I've just read "Locking in 38.38% Yield on ETH" on the Espresso Blog (great reading for those who are not familiar with JLabs Digital):
https://espresso.jlabsdigital.com/posts/oba87FTFEokjmgq5sSS6R
Ben explained EigenLayer liquid ETH staking that earns yield as well as EigenLayer (EL) points. Those EL mysterious points could be prerequisites for a potential airdrop. According to the article, there are a number of restaking platforms out there:
Puffer, Swell, Ether.fi, Kelp DAI, and Renzo.
Do you guys have any deep insights into these platforms/protocols and how to take best advantages on brand new ways to leverage on ETH?
Looks like ETH will massively explode in value in the near future as financial institutions starts chasing yields into the stratosphere (coming crypto Lehman Brother) after the switch turns on for the spot ETH ETFs. I'm not sure if there is a pullback soon but I am sure to load up more ETH when that happens.
By the way, I just switched to a yearly plan after updating my card payment information. I cannot believe how much value I am already getting on my monthly subscription. Thank you so much for the education!
Hi guys. I'm from BTB community. Recently subbed to Defi newsletter and also signed up for academy.
Could you give more guidance exactly how to do the below or which lessons in the Academy course would be helpful to study this more to understand the below? I find it very overwhelming and not even sure how to start. 😣
Is there anything in the Academy that covers airdrops btw?
Thanks in advance!
"The opportunity for you, if you have excess capital or can borrow cheaply, is to acquire additional spot ETH and short an equal value of ETH perps to collect funding on any of the DeFi perps DEXes which are also paying farming rewards. We suggest using Aevo and Hyperliquid as both have current incentive programs on top of the ~60% APY you’ll earn while funding rates are steep.
There’s an interest rate arbitrage on Arbitrum - Aave USDC rates are typically 15-30% whereas ETH perp funding on Hyperliquid runs from 60-100%."
I've just taken a look at AEVO. It boost a very sleek UI, just like Hyperliquid. Nice!
Are you suggesting readers to deploy excess capital to AEVO savings vault? I noted that users can deposit USDC/USDC.e and earn ~4.6%APY yield, which similar to what Hyperliquid (HLP) vault offers. I was reading about the AEVO Earn vaults and it explains how the vault earns yield on Treasury Bonds. The documents says depositors can earn stETH on 0.5% on their funds, which is interesting (leveraging ETH).
Am I missing anything? I also noted on the security section:
"Ribbon's contracts are audited. Despite the audits and security measures we have taken, we advice users to exercise caution and to not risk funds they are not willing to lose."
I have been chased out of TD Ameritrade because they only want accredited investors on their platform. What a shame; I had to sell my AMD shares. I am planning to redeploy those excess capital into Hyperliquid and maybe a small amount onto AEVO if I understand it correctly?
By the way, I think I read somewhere that AEVO is not available for US citizens as well as certain countries. Be sure to check that out and not get into trouble with the laws.
Hi DeFi team/community,
Are there anyone who can understand EigenLayer and its security risk? I think it is way to early for leveraged ETH to blow up so soon. Unfortunately, EigenLayer deposits are currently closed.
I've got a bag of Goerli ETH on testnet and it seems like MetaMask is going to sunset it so I started to play around with the EigenLayer Testnet using Goerli ETH test tokens: https://goerli.eigenlayer.xyz/operator
For more information, you may like to refer to this nice article to play around first:
https://flagship.fyi/outposts/dapps/how-to-qualify-for-the-eigenlayer-token-airdrop/#
Also, are there are any other leveraged ETH platforms out there that is safe enough to earn some yields? I am currently hanging around with Hyperliquid for the time being and adding a little bit more risk with an extra deposit after warming up for about a month.
Great article and a wonderful summation of the investment thesis for Ethereum.
31M ETH on exchanges in 2021, less than 15M on exchanges today. Amplifies bullet point regarding floating supply.
One of those somewhat puzzled suppliers of USDC/USDT who happily collected 20%+ APY lending it to degens, then used the proceeds to buy ETH and stake it. After reading this realize that am fueling frenzy by both enabling people to buy more ETH and then using the proceeds from that to take more ETH off the market myself. Which drives price up further, inspiring more people to borrow at 20%+.
Based on this headline, somebody’s been dialing in their copy skills.
So all new income you would recommend to but spot ETH @ current prices?
I honestly didn't quite get the trade --how would shorting ETH work when the long-term play is LONG ETH?
hey--if i want to move a portion of portfolio to ETH and hold it--is CEX ok and keep it or am I strongly reccomended to move 2 cold wallet?
Is there a price at which you stop buying/sell ETH/BTC? E.g. we go bull for the next 12 months given the halving/ETFs, then there is likely to be a bear. Are there any indicators to be watching for that signal the peak.
Do you recommend farming the new L2 like Scroll/Mode and Linea ?