StaFi Staked ETH

StaFirETH

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)

Risk Rating
Good
$2,628.17
What is StaFi Staked ETH?

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Information
Blockchain
  • Ethereum
Key Metrics
  • Fully Diluted Valluation: $6M
  • Total Supply: 2,286
  • Volume (24H): $42.2
  • ATH: $4,824.93 (11/12/2021)
  • ATL: $792.10 (06/19/2022)
Risk Assessment
Good
Asset Strength

StaFirETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of StaFi, a protocol rated as Average.

Dependencies
Asset Tokenomics

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).

Asset Volatility

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).

Things to know about StaFirETH

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StaFirETH Pools
Aura ETH Market Making
0.3%
Yield
$12K
TVL
Risk
B
Protocol
Aura
Chain
Ethereum

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