How to double your money in 4 weeks time travelling in style, utilizing the new epic building block @Flashstake has build on top of @Rocket_Pool staked #ETH $rETH taking the other side of the strategy outlined here:
Read on below:
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#rFLASH $FLASH
The introduction of $rETH into Flashtake was a huge success, more than doubling the protocols TVL.
1,413 rETH have been Flashstaked in just 12 days, and 21 rETH have been paid out in advance quarterly yield.
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You all thought, time travel is impossible, well, guess thanks to Flashstake, that's a thing of the past now.
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How does it all work, as well the DeLorean needs fuel to reach 80 mph to activate the Flux Capacitor, Flashstake protocol needs yield pool liquidity fed into the protocol before Flashstakes can happen. Those are incentivized with FLASH emissions. This is sustainable, bc:
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Each Flashstake triggers a time switch fee which triggers a buy-back of $FLASH that is then fed back to the treasury via the Flash Capacitor & is then used to further incentivize future yield for new Flashstakers to come in. The circle is complete.
How to earn $FLASH:
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Flashstake maintains three different liquidity pools for advance rETH yield, each with their own risk/reward profile and all yielding $FLASH in 4 digit APR territory. This will go down with growing TVL, But if staying like that for 4 weeks to come you got 2x on capital.
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all you have to do is head over to app.xtokenterminal.io/mining/discover
type 'rETH' into the search bar to find all three pools. Opening the pool description tells you the exact range where liquidity is provided. If in range you also earn from swap fees too.
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Tapping/clicking on 'Deposit' will show you the ratios of rETH/fy-rETH needed with links where to obtain them on Uniswap.
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The high range upfront yield APR pool is currently 100% shifted to fy-rETH, so you only need to acquire one token to participate, which will save on gas.
But unlike the other pools, which has rewards claimable any time, it has a 6 weeks vesting on LP rewards.
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whichever pool you choose you should have a decent gain, despite IL. Whether you liquidity ends up 100% rETH or 100% fy-rETH your FLASH rewards more than likely offset all IL.
rETH appreciates in value over #ETH as staking rewards accrue inside Rocketpool protocol.
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whilst fy-rETH is always redeemable for rETH yield of all rETH that are locked in the Flashstake protocol. So either way you are basically long Ethereum staking yield, whilst also earning from swapping fees between the two yield products.
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Hope you found this helpful, any questions remain, kindly visit Flashstake Discord to get all the clarifications you need:
discord.gg/flashstake
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@steveious @ZacharyDash @Fani32851771 @defi_mochi @CryptoGideon_ @NDIDI_GRAM @Jasper_ETH @lame_eth_ @0xMurathan @21blacky @CryptoGirlNova @IvanOnTech @TheCryptoZombie @RP_Intern @waqwaqattack @kentphilly
@StakeRocketPool @Rocket @iveneverhunted @sassal0x @0xFrame @RealDegenGMX
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