February 6, 2024
After a period of tranquility, the Ethereum ecosystem is gradually regaining momentum with the rise of the restaking. As seasoned DeFi participants, DeSyn has consistently focused on developing the Ethereum network.
Previously, DeSyn initiated the launch of the triple points ETH leveraged ETF based on sharp market insights, aiming to promote diversity in Ethereum network products and assist users in maximizing their returns within the Ethereum ecosystem.
Today, DeSyn announces the launching of the drETH (DeSyn ETH restaking fund I points), dedicated to participating in this industry revolution alongside ecosystems such as Eigenlayer and Renzo, collectively shaping the future of DeFi.
The 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 the existing APY from LST and LRT and the triple yield expectations from Eigenlayer, Renzo and DeSyn.
Currently, this fund’s APY ranges from 3.6% to 60%. In terms of security, DeSyn solemnly declares that all contract codes have undergone security audits to ensure the safety of user assets.
How to restake
Users can navigate to DeSyn’s website and select the ‘restaking’ option to access the DeSyn ETH restaking fund I (triple points) issue.
Upon selection, users have the opportunity to acquire drETH, associated with the potential of triple returns.
Enhanced incentives through triple-point staking with DeSyn
As mentioned earlier, opting for the fund not only grants potentially basic LST and LRT returns but also yields triple points from Eigenlayer, Renzo and DeSyn.
DeSyn is committed to maximizing incentives for staking users.
Starting from February 6, 2024, any user participating in this fund can earn corresponding points, dependent on the staking amount and duration.
- DeSyn points formula DeSyn points = amount of LST multiplied by number of staked days multiplied by 10,000
- Eigenlayer points guide can be found here.
- Renzo points guide can be found here.
EigenLayer levating Ethereum security through restaking
EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive…
Click Here to Read the Full Original Article at The Daily Hodl…
