Forget ETH LSTs, LRTs, and lending ETH on Aave or other DeFi protocols. There’s a new ETH exposure primitive in town and it’s built different. Introducing dCDS: a new DeFi lego where users earned 20% yields last month, even with just $15k in Total Value Locked in the protocol. Users who deposited 200 USDT in dCDS earned around $40 in a combination of USDA+ stablecoin and ETH gains within a single month. Now, of-course these returns do come with risks. But what kind of risk? The risk is that y...

Forget ETH LSTs, LRTs, and lending ETH on Aave or other DeFi protocols. There’s a new ETH exposure primitive in town and it’s built different. Introducing dCDS: a new DeFi lego where users earned 20% yields last month, even with just $15k in Total Value Locked in the protocol. Users who deposited 200 USDT in dCDS earned around $40 in a combination of USDA+ stablecoin and ETH gains within a single month. Now, of-course these returns do come with risks. But what kind of risk? The risk is that y...