In return for providing ETH to Lido, the DAO issues “staked ETH” tokens, which are like receipts that can be redeemed for your original ETH plus the yield accrued. These tokens, along with those from other LSD protocols, such as Rocket Pool and StakeWise, can be traded on the open market.
When using Curve, I like to use Frax-based tokens, as the two protocols clearly have the hots for one another, and Frax pools often have the best rewards. I passed some of my ETH to Frax to stake and received their LSD called Frax ETH . Naturally, when mixing DeFi protocols into a screwy, money cake, the risks compound with the yield. Here, there are three protocols involved as opposed to one, which could mean the risk is cubed — but I’m no mathematician.This is perhaps the most sophisticated strategy on the list and should be considered by experienced investors with a large amount of money on the line.
It’s all over
Yeah, is this financial advice? May wanna delete this.
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