Welcome anon! Today we’re going to look into a protocol that has the potential to become a DeFi industry leader which puts it in a pole position for growth. Buckle up!
In an industry where yields have fallen below t-bills and become increasingly compressed for stablecoins, the ETH staking industry is growing exponentially. Still, the ETH staking rewards fluctuate based on the staking rate along with network activity. Active DeFi users find creative means to increase these staking rewards so be it through liquidity pools or leveraged farming by borrowing against stETH —> buying ETH —> staking it for more stETH. However, due to people ideally wanting increasingly higher yields, one would like to capitalize on locking in higher rates in case you believe they would fall further in the future or vice versa. How does one deal with this?