stETH

8/31/2023 - Yearn ETH Market Making has a 30d APY of 0.98%, a TVL of 641,783, and an Exponential Risk Rating of B. This pool facilitates trades between stETH and ETH.

Yearn ETH Market Making on Ethereum (stETH, ETH)

This pool facilitates trades between stETH and ETH. Your yield is generated from swap fees paid by traders, newly minted stETH and ETH granted to blockchain validators, and blockchain transaction fees.

stETH is a tradeable receipt of ETH locked through Lido to secure the Ethereum network. stETH is a rebase token that accrues staking yield with an elastic supply. It is not yet redeemable for ETH until a later network upgrade.

ETH is the native currency of the Ethereum chain used for gas fees and security.

This pool serves as a yield-generating savings account for you to earn yield on your ETH

Investment Strategy

Fundamentals

Risk

Risk of losing your entire investment due to systemic issues. Based on chain, protocols and assets.

Reflects how much principal is at risk due to the nature of the pool`s economic design

Yearn ETH Market Making

Pool Design

Reflects how liquid the asset is, collateralization level, dependency risks, and reliance on centralized entities

Asset Strength

Reflects the economic design of the asset and convex relationships

Asset Tokenomics

Code quality of the underlying smart contracts

Yearn

Curve

Protocol Code Quality

Reflects how long the protocol has been around, the value of the assets deposited in the protocol and its level of decentralization

Protocol Maturity

Protocol’s systemic risks or ponzi like dynamics that can lead to loss of principal

Protocol Design

Reflects how long the blockchain has been running and the total value of assets on the network

Ethereum

Chain Maturity

Reflects the blockchain’s fundamental risks, total value invested, and level of decentralization

Chain Design

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Fundamentals

Investment Rationale

Risk Perspective

Pool Performance

Editor's Take

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Yield Source

Your yield consists of trading fees from the buying and selling of stETH and ETH, and staking rewards from validating transactions on the Ethereum blockchain

There are short-term incentives to encourage more deposits into the pool