Arbitrage Strategy on Avalanche by Stake DAO
Stake DAO reveals an arbitrage strategy debuting on Avalanche.
The Arbitrage Strategy is a capped, high-yield product open exclusively to Stake DAO NFT holders, with zero performance or withdrawal fees!
Launched in partnership with quantitative hedge fund Stake Capital, the strategy uses a proprietary arbitrage strategy on the Avalanche chain to generate revenues of over $2 million a year, at current rates.
Once you secure a Tamiel or Leviathan NFT (by redeeming points in the Palace, excluding the Unique Leviathan), you can stake it in the strategy, which allows you to deposit a certain number of SDT, you can see this below.
Users stake SDT and receive a share of the rewards pool proportionate to their share in the strategy, as well as the rarity of their staked NFT. The user limits on SDT deposits have been calculated in order to ensure that the strategy maintains the highest yield possible, and access is democratized as much as possible.
In simple terms the steps to enter the strategy are:
- Redeem Tamiel or Leviathan NFT in Marketplace
- Head to Premium Strategies tab
- Stake NFT (you will see your NFT ID on the tab) & deposit SDT
- Receive rewards on ETH network, Stake DAO is taking care of the bridging!
About Stake DAO
Stake DAO is a non-custodial platform where you can do more with your money. Easily grow, track, and control your assets right from your wallet.
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