Want some yield on your ETH?

🚨 Alpha alert below

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.

Let's take an example of someone who has a round 32 ETH to invest...

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 🀯

4/7 Image
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.

When adding it all together, that's a total of 3.9 ETH earned in 170 days.

... That is better than 26% APR! πŸΎπŸ€‘πŸ₯³

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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More from @retro_wavey

12 Sep
How to capitalize on Arbitrum's NYAN farm craze without even using Arbitrum.

... A thread 🧡
You may know, Arbitrum's first meme farm cropped up a couple days ago (as you already know, the dev is based).

The only mainnet native token it allows for staking of is naked ETH... Image
The APR was 1,000% for much of it's life so far, attracting tons of ETH to bridge from mainnet to Arbitrum (about 420,000 at time of writing 🀯).

That's a hell of a lot of money. But where did it all come from?
Read 10 tweets

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