Want some yield on your ETH?
π¨ Alpha alert below
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π¨ Alpha alert below
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Is it possible we are all missing a sweet arb opportunity on eth2 staking tokens?
These tokens are issued by staking services and will become redeemable for ETH after the eth2 "merge" once withdrawals are enabled.
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These tokens are issued by staking services and will become redeemable for ETH after the eth2 "merge" once withdrawals are enabled.
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Let's take an example of someone who has a round 32 ETH to invest...
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Right now Curve gives you a 1.5 ankrETH bonus when swapping to ankrETH.
When you account for the current redemption ratio (based on staking rewards already accrued), this actually equates to a total value of 35.15 ETH π€―
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When you account for the current redemption ratio (based on staking rewards already accrued), this actually equates to a total value of 35.15 ETH π€―
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But be careful. These tokens cannot actually be redeemed until the merge happens.
Best guesses say that'll be Q2 next year (~170 days away).
Simply holding these tokens yields around 5% which, conservatively, will earn you another 0.75 ETH until merge.
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Best guesses say that'll be Q2 next year (~170 days away).
Simply holding these tokens yields around 5% which, conservatively, will earn you another 0.75 ETH until merge.
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When adding it all together, that's a total of 3.9 ETH earned in 170 days.
... That is better than 26% APR! πΎπ€π₯³
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... That is better than 26% APR! πΎπ€π₯³
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This is not investment advice, and keep in mind that eth2 staking services come with some risks.
What you think? Do you know of any better places to put your ETH on mainnet?
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What you think? Do you know of any better places to put your ETH on mainnet?
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