Also: Earn additional rewards for holding FRAX with Pitch
Make Your ETH work Harder with Vesper and Lido
Vesper and Lido have collaborated on a staked ETH Grow pool (vastETH), providing users more opportunities to earn yield on top of holding the native Ethereum token. Lido’s stETH pool is a liquid token representative of staked ETH. When a user stakes their ETH with Lido, the user will be granted a stETH token. By depositing stETH to the corresponding Vesper Grow pool (now in beta), the total APY reflects the daily rebasing rewards plus additional yield earned. Learn more about staked ETH.
While this particular strategy has passed external audits, we do urge caution in using the pool until it graduates to the main platform. Our adventurous community members, however, are able to deposit stETH now if they wish to participate in the beta testing.
Update for FRAX Holders
Pitch offers a “capital efficiency” parameter, which enables Vesper to offer VSP rewards that are refunded if the desired vote participation is not achieved. This translates to an effective way to multiply FXS emissions to protect high APY for depositors.
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