Decentralized fund management platform DeSyn launches liquid resale fund, enjoy 3x points on Eigenlayer, Renzo and DeSyn

adminFebruary 6, 2024

Hong Kong, Hong Kong, February 6, 2024, Chainwire

After a period of calm, the Ethereum ecosystem is gradually regaining momentum with the advent of Restake. As a seasoned DeFi participant, DeSyn has continued to focus on the development of the Ethereum network. Previously, DeSyn began launching a 3x ETH leveraged ETF based on its keen market insights to promote diversity in Ethereum network products and help users maximize returns within the Ethereum ecosystem.

Today, DeSyn announces the launch of the DeSyn ETH Restake Fund I (3x points), dedicated to jointly shaping the future of DeFi by participating in this industrial revolution with ecosystems like Eigenlayer and Renzo.

DeSyn ETH Restaking Fund I (3x points), drETH for short, is an open-ended fund product introduced by Little Frog, a professional decentralized asset management DAO organization based on the DeSyn platform infrastructure. This product integrates DeSyn with two highly regarded reshoot platforms, Eigenlayer and Renzo. Users can stake ETH, stETH, wETH, and ezETH through the DeSyn platform. The fund supports on-demand withdrawals and offers the traditional APY of LST and LRT and the 3x return expectations of Eigenlayer, Renzo and DeSyn. The fund’s current APY ranges from 3.6% to 60%. In terms of security, DeSyn solemnly declares that all contract code has been security audited to ensure the safety of user assets.

https://little-frog.gitbook.io/little-frog/products/open-end-desyn-eth-retake-fund-i-3x-points

How to re-stake?

Users can access the DeSyn ETH Re-registration Fund I (3x points) issue by going to the Desyn website and selecting the “Re-registration” option. Upon selection, users will have the opportunity to win drETH, which is associated with a triple profit potential.

https://www.desyn.io/#/pool/0x8F92265FE1F875d1985cD9D4275dd4Cfec9eb1E7

Enhanced incentives through triple point staking with DeSyn

As mentioned earlier, if you pick this fund, you can potentially earn the underlying LST and LRT returns, as well as triple points on Eigenlayer, Renzo, and DeSyn.

DeSyn is committed to maximizing incentives for staking users. From February 6, 2024, all users participating in this fund will be able to earn corresponding points depending on the amount and duration of staking.

DeSyn Points Formula: DeSyn Points = (LST Amount) * Number of Staking Days * 10,000
The Eigenlayer points guide can be found here.
The Renzo Points Guide can be found here.

EigenLayer: Strengthening Ethereum security through re-staking

EigenLayer is an Ethereum-based protocol that introduces a new fundamental element of cryptocurrency economic security: re-staking. This primitive allows ETH to be reused in the consensus layer. Users who stake ETH natively or with Liquid Staking Tokens (LST) can select the EigenLayer smart contract to re-stake their ETH or LST and earn additional rewards by extending cryptocurrency economic security to additional applications on the network. can.

Users can visit EigenLayer’s official website to learn more.

Renzo: Pioneering Restaking of the EigenLayer Mainnet

Renzo is the first native restaking protocol to launch on the EigenLayer mainnet. EigenLayer won’t launch Actively Validated Services (AVS, or EigenDA) security until mid-2024, but it has accepted deposits. Liquid Stake Token (LST) deposits are limited. However, although basic ETH deposits are unrestricted, they are very difficult to access for most users. To run EigenPod, users must have 32 ETH and run an Ethereum node integrated with EigenLayer.

Users can visit Renzo’s official website to learn more.

About DeSyn

The DeSyn Protocol is Web 3’s innovative decentralized asset management infrastructure that allows users to securely and transparently create and manage custom pool-based portfolios with a variety of on-chain assets (tokens, NFTs, derivatives, etc.) through smart contracts. do.

For more information, visit DeSyn official website | Twitter | Telegram | discord | youtube