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There is a current demand for LSDfi. A foundational unified risk token based on ETH redemption can help reduce risks of continually reusing staked ETH yield on the execution layer. This is where the introduction of kETH and the LST Optimizer plans to provide value to the Ethereum ecosystem.
The LST Optimizer dApp is a remarkable platform that allows users to deposit LSTs for increased benefits. The LST Optimizer also allows kETH holders to stake their kETH to earn BSN rewards on top of their kETH yield.
The launch signals a paradigm shift in the Ethereum staking ecosystem, offering unprecedented flexibility, yield optimization, and risk mitigation to ETH stakers. Blockswap invites users to delve into these innovative offerings. The dawn of a new era in Ethereum staking is here, all thanks to the pioneering efforts of Blockswap. Follow Blockswap on Twitter to stay up to date with all the important details.
How it Works Stakehouse protocol allows for proper accounting of staked ETH to derivative ETH in circulation. This unlocks the ability for validators to be curated into (and out of) indexes to get a high and consistent yield to an LSD token. The LSD token (dETH) can yield at 33% more than the Ethereum issuance rate because every 32 ETH validator only mints 24 dETH tokens.
Blockswap is now taking this a step further with a protocol that automatically curates the highest-yielding validators and supplements the yield with stETH and rETH. The new primitive is called kETH and maintains a high target rate through an automated manager. The best part is that kETH can be redeemed for ETH or ETH equivalents, doesn’t rely on liquidity pools for redemption, and does not include an oracle. This reduces the dilution risk and liquidity management risks of LST tokens.
kETH Links kETH Website
dApp
kETH promo video (quick info)
kETH docs (get a good understanding)
https://docs.joinstakehouse.com/keth/keth_kweth
kETH technical walkthrough (the deep dive)
Codebase
https://github.com/stakehouse-dev/kETH-index-rc
LST Optimizer dApp Overview The LST Optimizer dApp serves as an easy-to-use interface that enables any user to deposit LSTs and LSDs, receive kETH, and stake their kETH for BSN rewards. Users can accomplish these goals by interacting with three different vaults:
LST Vault: Enables users to deposit stETH, rETH, and dETH, receiving kETH. Users can toggle between the current and target APR to monitor the performance of the vault in real-time. Future plans include broader LST support.
dETH Vault: Deposit dETH, get wkETH, and earn stable yield. wkETH enhances DeFi opportunities outside of the Stakehouse protocol.
kETH Vault: Stake kETH, earn BSN tokens, and claim rewards directly from the homepage of the LSD Optimizer dApp. This is only for stETH and rETH deposits.
These vaults are designed to provide accessibility to kETH and the benefits that it provides. Whether you’re new to ETH staking or a seasoned investor, the LST Optimizer dApp offers something for you.
LST Optimizer User Guides
Follow Blockswap Network: Website |+| Twitter |+| Join Discord
DISCLAIMER: The text above is just a description of how Stakehouse works in theory. Any figures mentioned serve only as an illustration. Engaging in any blockchain activities with or without the necessary skills or experience can result in a loss of funds. This is a very experimental tool, so please treat it as such.
Before participating please read the disclaimer here.
There is a current demand for LSDfi. A foundational unified risk token based on ETH redemption can help reduce risks of continually reusing staked ETH yield on the execution layer. This is where the introduction of kETH and the LST Optimizer plans to provide value to the Ethereum ecosystem.
The LST Optimizer dApp is a remarkable platform that allows users to deposit LSTs for increased benefits. The LST Optimizer also allows kETH holders to stake their kETH to earn BSN rewards on top of their kETH yield.
The launch signals a paradigm shift in the Ethereum staking ecosystem, offering unprecedented flexibility, yield optimization, and risk mitigation to ETH stakers. Blockswap invites users to delve into these innovative offerings. The dawn of a new era in Ethereum staking is here, all thanks to the pioneering efforts of Blockswap. Follow Blockswap on Twitter to stay up to date with all the important details.
How it Works Stakehouse protocol allows for proper accounting of staked ETH to derivative ETH in circulation. This unlocks the ability for validators to be curated into (and out of) indexes to get a high and consistent yield to an LSD token. The LSD token (dETH) can yield at 33% more than the Ethereum issuance rate because every 32 ETH validator only mints 24 dETH tokens.
Blockswap is now taking this a step further with a protocol that automatically curates the highest-yielding validators and supplements the yield with stETH and rETH. The new primitive is called kETH and maintains a high target rate through an automated manager. The best part is that kETH can be redeemed for ETH or ETH equivalents, doesn’t rely on liquidity pools for redemption, and does not include an oracle. This reduces the dilution risk and liquidity management risks of LST tokens.
kETH Links kETH Website
dApp
kETH promo video (quick info)
kETH docs (get a good understanding)
https://docs.joinstakehouse.com/keth/keth_kweth
kETH technical walkthrough (the deep dive)
Codebase
https://github.com/stakehouse-dev/kETH-index-rc
LST Optimizer dApp Overview The LST Optimizer dApp serves as an easy-to-use interface that enables any user to deposit LSTs and LSDs, receive kETH, and stake their kETH for BSN rewards. Users can accomplish these goals by interacting with three different vaults:
LST Vault: Enables users to deposit stETH, rETH, and dETH, receiving kETH. Users can toggle between the current and target APR to monitor the performance of the vault in real-time. Future plans include broader LST support.
dETH Vault: Deposit dETH, get wkETH, and earn stable yield. wkETH enhances DeFi opportunities outside of the Stakehouse protocol.
kETH Vault: Stake kETH, earn BSN tokens, and claim rewards directly from the homepage of the LSD Optimizer dApp. This is only for stETH and rETH deposits.
These vaults are designed to provide accessibility to kETH and the benefits that it provides. Whether you’re new to ETH staking or a seasoned investor, the LST Optimizer dApp offers something for you.
LST Optimizer User Guides
Follow Blockswap Network: Website |+| Twitter |+| Join Discord
DISCLAIMER: The text above is just a description of how Stakehouse works in theory. Any figures mentioned serve only as an illustration. Engaging in any blockchain activities with or without the necessary skills or experience can result in a loss of funds. This is a very experimental tool, so please treat it as such.
Before participating please read the disclaimer here.
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