Thread by @CryptoGideon_

It's not a secret LSD sector is and will be the hottest narrative in crypto.💰

That's why the 2 biggest innovators partnered up.

@Rocket_Pool 🤝 @Flashstake

Here are multiple ways how you can easily earn instant rewards with #rFLASH.💸

A thread on $RPL & $FLASH 🧵

1️⃣ Background - $RPL

Rocket pool is the third biggest liquid staking provider for $ETH.

They have 620k $ETH staked which is ≈ $1,1 Billion 💰

Right behind $LDO and @coinbase, $RPL holds 7% market share.

With $frxETH, $RPL has the highest TVL inflow in the last 30 days.📈

@coinbase 2️⃣Background - $FLASH

Flashstake allows anyone to:

•Buy
•Sell
•Earn

the future value of their money, today.

In simple words, Flash allows you to get instant upfront yield.

Instead of waiting 1 year to get your APR, you get it immediately.

Details👇

3️⃣ Giant partnership

Up to date, $FLASH only offered $stETH.

But, as of now, you will be able to get an upfront yield on $rETH.

How it works?

1. Go to FlashStake Dapp

2. Select $rETH amount

3. Select the duration you want to lock your principal

4. Voila-you get $WETH

4️⃣How does it work behind the scene?

1. You lock your $rETH

2. Your $rETH keeps earning yield from $RPL

3. FlashStake mints fy-rETH

4. fy-rETH is swapped for $WETH

5. You get $WETH as an upfront yield

All of this is done in milliseconds and without you having to worry.

5️⃣What is fy-ETH?

fy-rETH represents a Flashstake "Yield Redemption" for $rETH and gives the tokens an underlying value.

fy-rETH holders can burn their fy-rETH to redeem yield from the Yield Pool at any time.

You can earn dual rewards by staking single-side $rETH

Here's how👇

6️⃣Dual mining rewards

You can get dual liquidity mining rewards paid in FLASH + rFLASH.

You have to stake single-sided $rETH on the @xtokenterminal platform

Rewards started on the 12th of May.

Rewards from pool 1 are vested for 4 weeks.

More details are in the tweet below👇

@xtokenterminal 7️⃣Why would you do this?

To earn #rFLASH, a goal-based token🤑

There are only 100 rFLASH tokens.

At a minimum,each rFLASH is worth 1,000 $FLASH.

But, if the Rocket Pool Time Vault reaches 5k $rETH staked (3-month minimum duration), then each rFLASH will be worth 10,000 $FLASH

8️⃣How to earn rFLASH?

You can earn it in 4 ways, by:

1. Being early to flashstake $rETH
2. Being a content creator-spreading word
3. Providing liquidity to rETH/fy-rETH
4. Having the largest $rETH flashstake for that day

Choose your way and hurry up!

9️⃣Schedule🗓️

Here is a simple schedule to keep in mind.

On May 16th you'll be able to flashstake your $rETH and get an upfront yield in $WETH.

The deadline for earning rFLASH is June 18th.

Details👇

🔟Why earn $FLASH?

Each time you flashstake, you are charged a fee on your yield, not the principal.

The only way to remove this fee is to deposit $FLASH into "Flash Capacitor"

This reduces circulating supply and makes $FLASH more scarce.

1️⃣1️⃣TL;DR

$rETH will soon be available on $FLASH

You can also earn dual tokens (FLASH + rFLASH) by single staking your $rETH on @xtokenterminal

As more people flashstake $rETH, you will earn more fees by providing liquidity to rETH/fy-rETH.

Chads
@ZacharyDash
@PackBagPoints
@DeFiCh4d
@panosmek
@phtevenstrong
@the_smart_ape
@1dollartendies
@DeFi_Made_Here
@gabavineb
@jermywkh
@cole0x
@JKrantz
@2lambro
@iveneverhunted
@Newto_Crypto
@anasakkad
@realtorrichkng
@Judicael7
@RP_Intern
@0xCrypTho
@langerstwit
@jcrtp_eth

If you made it this far, you are in the top 1%.💎

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Hope you found this helpful.