4/3/2023 - Yearn ETH Market Making has a 30d APY of 3.57%, a TVL of 1,136,865,650, 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.

stETH

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

Economics

Risk

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

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

Asset Strength

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

Ethereum

Chain Design

Pool Fundamentals

Reflects how exposed the pool is to leverage or undercollateralized assets for lending protocols

Yearn ETH Market Making

Collateralization & Leverage

The potential loss incurred when investing in a liquidity pool versus holding the assets separately outside the pool

Impermanent Loss

Assessment of yield sustainability due to organic market demand or high incentives

Yield Outlook

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Economics

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