One article takes stock of 8 methods of ETH arbitrage income

特邀专栏作者

2022-03-29 02:54

This article is about 1895 words, reading the full article takes about 3 minutes

These high-yield tricks involve utilizing interest-bearing ETH tokens.

Original compilation: 0x9F, Rhythm BlockBeats

This article is based on the views of CryptoTesters founder Lito Coen on his personal social media platform, which is organized and translated by BlockBeats as follows:

We all know that I am bullish on ETH, so I would like to share some ways of earning ETH that I think are safe and highly profitable. These high-yield tricks involve utilizing interest-bearing ETH tokens (like stETH).

Ethereum Max Yield Index

This is because in the DeFi lending agreement, the borrowing rate of ETH is much lower than the interest obtained by pledge.Ethereum Max Yield Index (ETHMAXY)Just the right thing to do.

advantage:

advantage:shortcoming:

shortcoming:2% liquidity fee, the claimed 10% APR seems wrong, maybe a little lower.

award:You can get 10% extra income in GBL and DRINK official tokens through ETHMAXY/ETH liquidity mining, but be aware that this may fluctuate due to their respective prices.

Instadapp smart contract wallet

Another way to achieve this leverage is by using Instadapp's smart contract wallet.

It works exactly the same, the only difference is that here you manage your own positions yourself. Instadapp simply allows you to bundle multiple transactions together using Flash loans.

advantage:

advantage:shortcoming:

shortcoming:in short:

in short:It only makes sense for positions above $100,000。

Argent L2 Wallet

advantage:

advantage:shortcoming:

shortcoming:As a picky person, I can't really find any big cons here, but it's still inconvenient to withdraw ETH from L2 account, if you want to withdraw your position, you need to transfer it back to L1, then to CEX and pay some extra cost.

Stakewise

Then there is another staking platform - Stakewise.

I like Stakewise because they are the only platform that uses a dual Token model, allowing you to reinvest your staking rewards (rETH2) into sETH2, compounding your rate of return.

Pledge ETH, then liquid mining on sETH2/ETH, get 9% APR from staking reward + transaction fee + SWISE official Token reward.

As mentioned, you can manually reinvest your rETH2 into more sETH2 and gradually increase your LP position.

Pros: Increased diversity of staking pools, good APR

Cons: Setting LP ranges for Uniswap V3 may be confusing for some users, but is actually quite easy.

Hop Protocol

advantage:

advantage:shortcoming:

shortcoming:No

Editor's note: The author of this article has an interest in Hop Protocol.

rETH on Curve - wstETH pool

Finally there is an rETH-wstETH pool on Curve, where you can earn Token and CRV double pledge rewards.

rETH is the pledge token of Rocket Pool, and wstETH is the pledge token of Lido.

The easiest and most profitable way of entry is throughYearn。

Waiting for more good options on the L2 so I can market it to people on a smaller budget. Argent is great just for that (on a small budget). Polynomial Protocol's upcoming structured product vault on Optimism is also pretty cool. If you find any good ways to earn ETH on L2, please contact me.

GMX

GMX is actually good too, but you'll be exposed to multiple tokens, not just ETH. GLP is an asset index, technically an LP Token that provides liquidity for all perpetual contract transactions on the platform. This enables 40% APR by earning 70% of platform revenue + hosted GMX rewards.