Beefy Brings wstETH Lido Vaults to Arbitrum and Optimism. The Beefy has launched four new wstETH Vaults across Arbitrum and Optimism for users to earn optimized rewards. These new yield opportunities are made possible through Lido, a liquid staking protocol for a selection of crypto assets across different blockchain networks.

Lido works to unlock the value of your staked and locked assets with transferable, yield-bearing tokens. Creating this liquidity allows the user to transfer, stake, and collateralize the locked asset’s value.

stETH is a transferable token provided to users who stake ETH in Lido. Its value represents the initial ETH deposit’s value plus staking rewards. Your stETH token is rebasable, meaning your balance updates daily in line with the current ETH staking APR. As the token is transferable, it can be used in a variety of other DeFi applications to extract more value. However, not all DApps are operable with stETH due to its rebasable nature.

Lido’s wstETH is a wrapped version of stETH. It avoids the rebasability issue by using a share system instead, meaning the balance of wstETH in your wallet doesn’t change. By wrapping stETH, you’ll then be able to stake the token in protocols like Beefy.

Beefy’s new wstETH Vaults provide four earning opportunities across Arbitrum and Optimism:

1. wstETH-ETH on Arbitrum
2. wstETH-USDC on Arbitrum
3. wstETH-ETH sLP on Optimism
4. Lido Shuffle on Optimism
5. Yellow Submarine, Our Yield Machine on Optimism

About Lido Finance

Lido is a liquid staking solution for ETH backed by industry-leading staking providers. Lido lets users stake their ETH – without locking assets or maintaining infrastructure – whilst participating in on-chain activities, e.g. lending.

Website | Twitter |

About Beefy

Beefy the Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.

Through a set of investment strategies secured and enforced by smart contracts, Beefy automatically maximizes the user rewards from various liquidity pools (LPs),‌ ‌automated market maker (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem.

The main product offered by Beefy its ‘Vaults’ in which you stake your crypto tokens. The investment strategy tied to the specific vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. Despite what the name ‘Vault’ suggests, your funds are never locked in any vault on Beefy. You can always withdraw at any moment in time.

Website |  Twitter |

Source

REQUEST AN ARTICLE

The post Beefy Brings wstETH Lido Vaults to Arbitrum And Optimism appeared first on Smart Liquidity Research.

Resonate will be supporting Lido farms at launch.

What’s to come?

Lido integration. More partnerships & integrations utilizing Lido farms!

So what is Resonate and what can it do?

Resonate is the flagship of the Revest ecosystem. As a video game is to an engine, Resonate is to Revest — both solving some of the greatest challenges in crypto today, liquidity incentivization and treasury management, and giving the Revest Protocol the go-to-market needed to bring about widespread adoption.

Resonate splits apart the interest and principal components of a yield-bearing position. Those who hold tokens which may be deposited into yield-bearing systems can receive an instant, upfront payment on the present value of that future yield, in exchange for locking their tokens. An ideal solution for traders who want to receive guaranteed and consistent yield farming rewards for staking tokens or providing liquidity. For those who want to purchase the Yield Futures, or the rights to future yield, Resonate places them in a position where they can do so at a discount to the expected future value of the interest. For protocols wanting to reduce their burn rate, this discount can offer a better way to incentivize providing LPs.

So why is this useful?

There’s a number of reasons, let’s start from the perspective of a Purchaser whose profile is most likely to fit that of a protocol treasury, DAO or enthusiastic long-term investor. These include:

• Align incentives: offer upfront incentives to tame mercenary capital and create positive-feedback loops. Leverage Resonate to lock-in liquidity providers, creating benevolent cycles within your ecosystem, all while stabilizing levels of liquidity.
• Regenerate your treasury: pay upfront to secure long term income. Utilize Resonate to replenish your native token, or perform a synthetic swap and diversify your holdings.
• Reduce your emissions: decrease your burn rate by paying out upfront. Incentivise lockups to offset your existing emissions schedule and reduce sell pressure.
• Leverage your stablecoin farming without liquidation risk: multiply the earning power of your stables by utilizing the leased capital of Issuers.

Now, let’s have a look at it from the perspective of an Issuer whose profile is most likely to fit that of a retail trader/investor, an institution or a whale.

• Upfront, guaranteed payout: provide liquidity confidently, secure in the knowledge that you’ve already been rewarded.
• Guarantee your interest rate: receive the expected value of future cash flows upfront, ensuring that market conditions are no longer a consideration.
• Protect your portfolio: Take upfront payments as stablecoins to hedge against future market volatility.
• Power resilience to changing market conditions: powered by Revest FNFT technology, positions in Resonate remain liquid throughout lockup, allowing you to take liquidity as-needed on any NFT marketplace.

So, as you can see there are a multitude of reasons to allow users to use each other’s principal investments to exchange time and risk profile to suit their preference. Prior to Resonate, this was not possible.

About Lido Finance

Lido is a liquid staking solution for ETH backed by industry-leading staking providers. Lido lets users stake their ETH – without locking assets or maintaining infrastructure – whilst participating in on-chain activities, e.g. lending.

Website | Twitter |

About Resonate

Resonate is a Yield Futures Protocol developed by Revest Finance and built on top of Revest’s Financial NFT (FNFT) technology. Using Resonate, we’re able to separate the principal and interest components of a position by issuing two FNFTs; one containing the principal and the other containing the rights to future interest on that principal. Resonate facilitates the commerce of the rights to future interest by matching issuers (who want to sell their interest rights for a one-time upfront payment), and purchasers (who want to buy the rights to future interest for a one-time upfront payment).

Website | Twitter |

About Revest Finance

The Revest Protocol offers a revolutionary new use of NFTs as financial tools through the Financial Non-Fungible Token (FNFT). Individual and enterprise-level users can deposit any ERC-20 or ERC-721 into Revest’s interactive FNFTs and set custom unlocking conditions (time, value, or contract-based). Revest allows the tokenization of all non-fungible financial positions with non-fungible tokens. This simple turn-key solution offers elegant applications ranging from token vesting to cutting-edge implications for derivative and borrowing/lending platforms. Revest’s flagship product, Resonate, is underpinned, fundamentally, by this innovative technology.

Website | Twitter |

Source

REQUEST AN ARTICLE

The post Resonate Will Be Supporting Lido appeared first on Smart Liquidity Research.

Lido Finance is a state of the art liquid staking protocol, powering DeFi and CeFi applications alike in their vibrant ecosystem. It empowers stakers to put their staked assets to use on their supported networks: Ethereum, Solana, Polygon and Polkadot. As one of the biggest liquid staking protocols in DeFi, we are proud that Lido Finance has chosen KyberSwap to enhance liquidity for the benefit of all three ecosystems.

From 16th Aug, liquidity providers can choose from 5 stMATIC eligible pools on KyberSwap Elastic to deepen liquidity and earn $LDO & $KNC rewards!

With KyberSwap’s Elastic protocol, LPs can enjoy concentrated liquidity and compounding fees, giving you higher capital efficiency and maximizing rewards!

*Learn more about KyberSwap Elastic here.

Important Details:

Eligible Pools (Fee Tier):

• stMATIC-WMATIC (0.01%)
• USDC-stMATIC (0.04%)
• stMATIC-USDT (0.04%)
• stMATIC-DAI (0.04%)
• stMATIC-MAI (0.04%)

*Full list of eligible pools for Yield Farming can be viewed here.
**Eligible pools for yield farming will be marked with a money bag icon.

Summary of Farming Process

• Get the tokens you want to add liquidity for on Polygon (stMATIC, MATIC, USDC, USDT, DAI, MAI).
• Add liquidity for the eligible Elastic pools and you will receive an NFT that represents your liquidity position
• Deposit your liquidity position NFT to the farming contracts
• IMPORTANT Last Step: Stake the deposited liquidity position NFT in the farm to start getting rewards

Adding liquidity to Lido Elastic pools

• Under “Earn -> Pools” on Polygon, select Elastic Pools
• Add liquidity to the eligible pools at the fee tiers mentioned above.
• Key in your deposit amount for the token pair. Approve the tokens if you have not done so earlier.
• Input a custom price range in which you would like to provide liquidity by indicating the min price and the max price of that range. A narrower range gives your higher concentrated liquidity and more fees, while a bigger range would give a higher chance of the pool always being active (and get yield farming rewards).
• After adding liquidity, you will receive an NFT (non-fungible token) that represents your liquidity position.
• You can view your liquidity positions on the “Earn -> My Pools” page.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$9.9 billion worth of transactions for thousands of users since its inception. Currently deployed across 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

Website | Twitter

About Lido

Lido is the leading liquid staking solution – providing a simple and secure way to earn interest on your digital assets. By staking with Lido your assets remain liquid and can be used across a range of DeFi applications, earning extra yield.

Website | Twitter

SOURCE

https://blog.kyber.network/lido-finance-partners-with-kyberswap-elastic-to-enhance-liquidity-on-polygon-with-over-120-000-in-45e53c0af075

REQUEST AN ARTICLE

The post Lido Finance Partners with KyberSwap appeared first on Smart Liquidity Research.