If you're into DeFi, ShapeShift’s DeFi Strategy Mixology offers a practical approach to refining your investment strategy. This method combines various DeFi strategies and assets to create a balanced portfolio, aiming to enhance returns while managing risk.
ShapeShift’s DeFi Strategy Mixology is about blending different DeFi strategies and assets to build a more effective investment approach. The idea is to use a curated selection of top DeFi assets and strategies to keep your portfolio aligned with the latest trends and opportunities.
What Are Liquid Staking Tokens (LSTs)?
To understand ShapeShift’s strategy better, it’s useful to know about LSTs. These tokens represent assets that are staked, such as Ethereum (ETH). When you stake ETH, you lock it in to support the network and earn rewards. In return, you get an LST that can be traded or used in other DeFi applications. This setup allows you to benefit from staking while keeping your assets flexible for other uses.
What is ezETH?
ezETH is a tokenized version of staked ETH and is a product of Renzo, which aims to simplify DeFi investments. When you stake ETH through Renzo, you receive ezETH. Here’s what makes ezETH notable:
- Liquidity: You can trade or use ezETH in various DeFi applications while your ETH remains staked.
- Yield Opportunities: It lets you benefit from Ethereum’s staking rewards and explore other yield-generating strategies.
- ezETH fits into ShapeShift’s DeFi Strategy Mixology, allowing you to leverage staked ETH effectively within a broader investment strategy.
Key Strategies in ShapeShift’s Mixology
1. PT-ezETH – Merging Yield and Staking Benefits
The PT-ezETH strategy combines Pendle Market’s tokenized yield with EigenLayer security and staking benefits. It offers a fixed APY of 6.34% (at current rates)and provides deep liquidity. To access this strategy, head to ShapeShift and swap your assets for PT tokens.
3. PT-pzETH – Higher Returns with Expert Curation
The PT-pzETH strategy offers a fixed APY of 12.13% (at current rates) by combining Pendle Market with Mellow Finance’s expert curation. It’s backed by $13 million in Total Value Locked (TVL) and aims to provide strong returns with effective risk management. To get started, swap your underlying assets for PT tokens via ShapeShift.
Optimizing Your DeFi Investments
ShapeShift’s DeFi Strategy Mixology provides a structured approach to managing your DeFi investments. By integrating various strategies and assets, it helps you balance returns and risks. Whether you’re exploring the ezETH token or looking into high-yield strategies like PT-ezETH and PT-pzETH, this mixology approach offers a comprehensive way to navigate DeFi. After trading your PT tokens on ShapeShift through Shifts (Portals), you can manage your position on Pendle’s market and leverage YT tokens for further liquidity trading.
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Learn More
https://medium.com/@ShapeShift.com
https://snapshot.org/#/shapeshiftdao.eth
https://warpcast.com/shapeshift