February 6, 2024 – Hong Kong, Hong Kong – The Ethereum ecosystem is gaining momentum with the emergence of Restaking after a period of calm. DeSyn, a seasoned DeFi participant, has been devoted to developing the Ethereum network and recently launched the 3x ETH Leveraged ETF to diversify products and maximize returns for users within the ecosystem.
In line with this industry revolution, DeSyn is excited to announce the launch of the DeSyn ETH Restaking Fund I (3x Points) in collaboration with Eigenlayer and Renzo. This fund, also known as drETH, is an open-end fund product offered by Little Frog, a professional decentralized asset management DAO organization on the DeSyn platform. It combines the restaking platforms of DeSyn, Eigenlayer, and Renzo, allowing users to stake ETH, stETH, wETH, and ezETH for on-demand withdrawals and potential APY of 3.6% to 60%.
To ensure the security of user assets, DeSyn has conducted thorough security audits on all contract codes. Users can access the DeSyn ETH Restaking Fund I on the DeSyn website and acquire drETH for the potential of triple returns.
In addition to the basic LST and LRT returns, opting for this fund also offers triple points from Eigenlayer, Renzo, and DeSyn. To further incentivize staking, DeSyn is offering DeSyn Points, which can be calculated by multiplying the amount of LST, the number of staked days, and 10,000. Eigenlayer and Renzo also offer their own points systems for stakers.
Eigenlayer is a protocol built on Ethereum that introduces restaking as a new security primitive. Restaking allows for the reuse of ETH on the consensus layer, providing additional rewards for users who stake ETH natively or with Liquid Staking Tokens (LST). Renzo, the first native restaking protocol on the Eigenlayer mainnet, is currently accepting deposits for LSTs and native ETH. Users can learn more about Eigenlayer and Renzo on their official websites.
DeSyn Protocol is a decentralized asset management infrastructure on Web 3 that enables the creation and management of customized pool-based portfolios using various on-chain assets through smart contracts. For more information, please visit DeSyn’s website.
Contact:
DeSyn Team
DeSyn Protocol
[email protected]
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