This opportunity works well for investors who want long exposure to Ethereum (ETH). Keep in mind, your returns are impacted by the price of ETH and this pool's yield.
Assets
By investing in this opportunity, your exposure to ETH will be through the balETH token, which represents an index of ETH-based liquidity pools on the Ethereum blockchain.
Yield source
Your yield primarily comes from the swap fees paid by traders when swapping between various flavors of ETH, plus protocol incentives. The more trades between the ETH pairs, the higher the fees that you earn. The yield can change depending on transaction volume and value.
Risk perspective
Risks include multiple smart contract risks and potential impermanent loss if the price of ETH derivatives depeg significantly.
Provider
Tokemak
Chain
Ethereum
Contract address
0x6dC3ce9C57b20131347FDc9089D740DAf6eB34c5
Yield18.1%
30d APY
Base
4.8%
Reward
13.2%
.
Investment scenarios
The below scenario simulator is greatly simplified. It intends to illustrate the potential impact of asset price movement on your investment.