StaFi Staked ETH
rETH is a tradeable receipt of ETH locked to secure the Ethereum chain, accrues staking yield, but is not yet redeemable for ETH (similar to stETH)
- Ethereum
- Community
- Telegram
- Website
- Contract address
- Asset Type: ERC-20
- Fully Diluted Valluation: $8.7M
- Total Supply: 2,552
- Volume (24H): $6.2K
- ATH: $4,824.93 (11/12/2021)
- ATL: $792.10 (06/19/2022)
StaFirETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of StaFi, a protocol rated as Average.
StaFirETH has an uncapped supply but has inflation control or burn mechanisms in place. StaFi`s rETH is backed 1:1 by ETH staked on the Ethereum blockchain. rETH accrues staking rewards automatically. The asset can trade at a discount to 1 ETH as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (StaFi smart contract bugs).
rETH is highly correlated to the overall market. rETH can trade at a discount to 1 ETH as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (delay to ETH merge, StaFi smart contract bugs).
StaFi
