The product offers an annualized percentage yield of up to 83% to investors who stake ETH, Lido’s staked ether (stETH), wrapped bitcoin (wBTC), or stablecoin USDC in the option strategy vault, Cega said. The yield is paid out in the form of the coins staked, so, ETH stakers receive ETH in yield, providing an asymmetric upside in a bullish market.
Related posts
-
ETH scams linked to Japanese crypto exchanges drop 69% in H1 2024
Illicit crypto inflows from Japanese exchanges have dropped in 2024, with ETH scams recording a 69%... -
US Senator Pushes Gold Sales to Kickstart Massive Bitcoin Reserves
A U.S. senator has proposed selling gold reserves to create a strategic bitcoin reserve, a revolutionary... -
Charles Schwab Wants to Directly Offer Crypto to Clients, Incoming CEO Says
Financial services giant Charles Schwab has plans to directly offer crypto investments to its clients, president...