Restaking in the Ethereum Ecosystem: DeSyn Launches DeSyn ETH Restaking Fund I
After a period of tranquility, the Ethereum ecosystem is gradually regaining momentum with the rise of restaking. As a seasoned DeFi participant, DeSyn has consistently focused on developing the Ethereum network. They have now announced the launch of the DeSyn ETH Restaking Fund I (3x Points) to participate in this industry revolution alongside ecosystems such as Eigenlayer and Renzo, collectively shaping the future of DeFi.
The DeSyn ETH Restaking Fund I: An Overview
The DeSyn ETH Restaking Fund I, also known as drETH, is an open-end fund product introduced by Little Frog, a professional decentralized asset management DAO organization based on the infrastructure of the DeSyn platform. This product integrates DeSyn and two other highly acclaimed restaking platforms, Eigenlayer and Renzo. Users can stake ETH, stETH, wETH, and ezETH through the DeSyn platform. The fund supports on-demand withdrawals and offers APY from LST and LRT as well as triple yield expectations from Eigenlayer, Renzo, and DeSyn. Currently, this fund’s APY ranges from 3.6% to 60%.
How to Restake with DeSyn
To restake with DeSyn, you can visit their website and select the “restaking” option to access the DeSyn ETH Restaking Fund I (3x Points). By participating in this fund, you have the opportunity to acquire drETH and potentially earn triple returns.
Enhanced Incentives through Triple-Point Staking with DeSyn
Opting for the fund not only grants potentially basic LST and LRT returns but also yields triple points from Eigenlayer, Renzo, and DeSyn. Starting from February 6, 2024, any user participating in this Fund can earn corresponding points, dependent on the staking amount and duration.
EigenLayer: Elevating Ethereum Security through Restaking
EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in crypto-economic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend crypto-economic security to additional applications on the network to earn additional rewards.
Renzo: Pioneering Restaking on the EigenLayer Mainnet
Renzo is the first native restaking protocol to launch on the EigenLayer mainnet. They have been accepting deposits for Liquid Staking Tokens (LSTs) and native ETH deposits. However, accessing native ETH deposits requires users to have 32 ETH and run an Ethereum node integrated with EigenLayer.
About DeSyn
DeSyn Protocol is an innovative decentralized asset management infrastructure on Web 3. It empowers users to securely and transparently create and manage customized pool-based portfolios with various on-chain assets via smart contract.
Hot Take: DeSyn’s Restaking Fund Revolutionizes Ethereum Ecosystem
With the launch of the DeSyn ETH Restaking Fund I, DeSyn is revolutionizing the Ethereum ecosystem by offering users the opportunity to maximize their returns through restaking. By integrating with highly acclaimed platforms like Eigenlayer and Renzo, DeSyn is shaping the future of DeFi. The fund’s triple yield expectations and enhanced incentives make it an attractive option for investors looking to participate in this industry revolution. As the Ethereum ecosystem regains momentum, DeSyn’s restaking fund provides a valuable opportunity for users to actively engage and benefit from the growth of the network.
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