A new rETH/ETH market is live on @Morpho!
You can now supply $rETH as collateral and borrow ETH via KPK ETH Prime, a low-risk Morpho lending vault deployed and curated by @kpk_io
One more DeFi integration for Ethereum's decentralised liquid staking token
More info below π
Have you ever wondered just how decentralized @Rocket_Pool is?
What ~1500 worldwide node operators supporting rETH looks like??
Look no further, Steely from our community built this beautiful tracker to see attestations in real time all over the world!
Ethereum in motion.
Over $135m worth of ETH has now been staked via the Saturn 2 upgrade
When you mint $rETH you're directly supporting >1,500 trustless Ethereum node operators
Rocket Pool continues to lead the way in supporting Ethereum's decentralisation
5 new entries added to https://t.co/kM7ZcM6lGW
RDL - Ethereum lending dashboard to monitor 6 protocols and 1336 markets.
Risklayer - AI protocol analysis, portfolio-aware monitoring, and alerts for people holding on-chain risk.
Rocket Sweep - A tool for Rocket Pool node operators to view and claim rewards.
Rocket Explorer - Rocket Explorer is an open-source tool for analyzing and visualizing the decentralized Rocket Pool network.
Rocket Performance - Performance analysis of Rocket Pool validators.
6% APR on your ETHβΌοΈ
The Liquity carry vault on Fusion by @ipor_io :
β Routes to the LST with the best borrowing rates
β Borrows BOLD at fixed rates
β LPs on @CurveFinance
β Compounds fees back to ETH
β Uses only Liquity V2 & Curve
Curated by @Sentinel_codes
People do not realize how deep this really goes.
If I borrowed $100,000 on Aave V3, I pay around $4,000 a year in borrow fees. Compound V3 runs roughly $5,000. Sky charges up to $6,000 on an ETH-backed position.
@LiquityProtocol V2 with rETH collateral? $500.
Same $100,000. Same 12 months. The entire difference is the borrow rate. Liquity V2 lets borrowers set their own rate and with rETH collateral that rate currently sits at 0.5%. Compare that to the 4 to 6% you give up elsewhere just to access your own liquidity.
That is $3,500 to $5,500 you keep every year on a $100,000 position.
Scale that to $500,000 and you are looking at $17,500 to $27,500 in annual savings. On the same collateral. Doing nothing differently except choosing where you borrow.
Research is ongoing into a trustless onchain mechanism for exiting validators that persistently underperform, in order to protect $rETH yield.
Have your say on the DAO governance forum at the link below π