New Ethereum Vault ft. StakeWise
In collaboration with Stakewise.io, Harvest launches a new vault for $sETH2 & $WETH.
This vault leverages Uniswap V3 Pool and is a perfect fit for farmers bullish on $ETH that want to earn an honest yield on their precious holdings without impermanent loss.
🔹But first, What’s $sETH2?
sETH2 (staking ETH) is a token issued by StakeWise for each deposited $ETH into their staking pools. Holders of sETH2 receive staking rewards paid in rETH2, a token issued by StakeWise for each $ETH earned in their staking pool.
With Ethereum’s shift to PoS (called Ethereum 2.0 or ETH2) on the horizon, we are already seeing users deploying their native $ETH tokens on the Beacon Chain.
Stakewise.io allows anyone to capitalize on ETH2 yields by depositing ETH into their non-custodial and liquid staking protocol.
In other words, sETH2 is a recipe of the native $ETH that’s being staked via Stakewise.io.
You can redeem it for $ETH anytime. Currently, Stakewise sees over 25,000 ETH deposits in their staking pool.
🔹What to expect from this vault?
By deploying your $WETH or $sETH2 via Harvest’s vault, you will:
- Earn swap fees of the $WETH-$sETH2 Uniswap V3 Pool
- Earn auto-compounding $iFARM rewards
- Earn & compound staking rewards (paid in rETH2) & SWISE rewards (soon visible in vault’s APY details)
🔹The details of $WETH — $sETH2 Pool:
ETH price info:
Min price: 0.97045 sETH2 per ETH
Max price: 1.0305 sETH2 per ETH
sETH2 price info:
Min price: 1.0304 ETH per sETH2
Max price: 0.9704 ETH per sETH2
Vault address: link
Pool address: link
Position Token: link
fToken: fUniV3_ETH_sETH2
What is StakeWise?
StakeWise is a liquid Ethereum 2.0 staking protocol generating the highest possible yield via the dual token model. Stake Ether and receive daily rewards in rETH2 with StakeWise.
What is Harvest Finance?
Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.
📰 INFO:
https://medium.com/harvest-finance/new-ethereum-vault-ft-stakewise-72432809a5a6
