Thanks Nat! I'm looking forward to rETH / stETH becoming available as Aave collateral options on Alt L1s / L2s.
An option over on Terra is also bETH, which is a bridged version of Lido stETH. You can either hold that in your wallet, with the staking yield being paid out in UST, or use it as collateral in Anchor for borrowing. Because Anchor 'pays' borrowers in ANC tokens, there are also some autocompounders available for bETH, such as Spec Finance which is currently 7.8% (technically nETH, via Nexus).
Only worthwhile for people wanting on play on Terra anyway, but a good option for people like me that like both LUNA and ETH.
Thanks Nat! I'm looking forward to rETH / stETH becoming available as Aave collateral options on Alt L1s / L2s.
An option over on Terra is also bETH, which is a bridged version of Lido stETH. You can either hold that in your wallet, with the staking yield being paid out in UST, or use it as collateral in Anchor for borrowing. Because Anchor 'pays' borrowers in ANC tokens, there are also some autocompounders available for bETH, such as Spec Finance which is currently 7.8% (technically nETH, via Nexus).
Only worthwhile for people wanting on play on Terra anyway, but a good option for people like me that like both LUNA and ETH.