In our ongoing series exploring innovative strategies in the world of crypto, we’re shifting our focus to agETH and rsETH. These assets offer new opportunities for investors to mix their portfolios like master mixologists, leveraging Kelp DAO points and EigenLayer for added benefits.
Let’s dive into the recipe for success!
What are agETH and rsETH?
rsETH is a liquid restaking token that allows users to combine staking and restaking rewards while retaining liquidity. This addresses a significant challenge in the crypto space, enabling holders to earn rewards without locking up their assets. It can be minted by depositing ETH, stETH, ETHx - and others. It's accessible across multiple Layer 2 networks and integrated with numerous DeFi platforms. On the other hand, agETH is a reward-bearing receipt token that represents a depositor's pro-rata share in the Airdrop Gain product, providing access to various airdrops with minimized gas fees and zero bridging costs.
Having these assets available for trading directly on ShapeShift means you can easily Shift to DeFi with a single click. This accessibility allows you to seamlessly swap and utilize rsETH and agETH to optimize your DeFi. By trading on ShapeShift, you not only gain the benefits of these powerful tokens but also the convenience of a non-custodial platform.
Strategy 1: agETH-rsETH with 4% APY
Balancer Pool
APY: 4%
Kelp DAO Mix: Farm Points
Earnings: 3x Kelp Miles
on Mainnet
How It Works
This strategy combines agETH and rsETH in a Balancer Pool, creating a balanced blend that yields an attractive 4% APY. By adding liquidity to this pool, you not only earn from the fees but also accrue Kelp DAO points, multiplying your rewards by three times. It’s like crafting a perfectly balanced cocktail—smooth yet potent.
Strategy 2: yPT-agETH with 7% APY
Yearn Vault
APY: 7%
Yearn and Pendle Mix
Earn 1x Kelp Miles
On Ethereum Mainnet
How It Works
In this strategy, you’ll mix Pendle PT token exposition in the Yearn Vault, also yielding a 7% APY. By participating in this vault, you can earn stable returns while accumulating Kelp Miles and EigenLayer points at a rate of 1x. This strategy is akin to crafting a refreshing wrap drink that keeps you hydrated while giving you a kick.
How to Access These Opportunities
Ready to mix your crypto strategies? Start by visiting app.shapeshift.com and connect your wallet. If you’re new to crypto, you can quickly buy crypto using our ramp solution found under the Buy/Sell Crypto tab.
Once you're set, navigate to the Trade/Bridge section to find Balancer Pool for agETH-rsETH or Yearn Vault for yPT-agETH.
Accelerate onchain. Share our vision at app.shapeshift.com
Learn More
https://medium.com/@ShapeShift.com
https://snapshot.org/#/shapeshiftdao.eth
https://warpcast.com/shapeshift