Aave Member Proposes to Convert Part of DAO's $WETH Holdings into LSTs

Aave Member Proposes to Convert Part of DAO's $WETH Holdings into LSTs

Aave team member Marc Zeller published a new ARFC proposal in the Aave forum, proposing to convert part of the DAO's current $WETH holdings into liquid staking tokens (LST) to improve yield.

Currently, AaveDAO holds 1,561 $WETH, earning a yield of 2%. The proposal aims to convert 50% of these holdings to $stETH (currently earning 6.8%) and 30% to $rETH (currently earning 5.75%). The remaining 20% can be converted to other decentralized LSTs in the future.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Aave

Lending

Liquid Staking Derivatives (LSD)

Ethereum

In This Article

Related News
Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Ethereum developers activate Pectra upgrade on Holesky testnet, finalization pending Ethereum developers activate Pectra upgrade on Holesky testnet, finalization pending
Hyperliquid launches HyperEVM on mainnet to bring ‘general-purpose programmability’ Hyperliquid launches HyperEVM on mainnet to bring ‘general-purpose programmability’
Monad to roll out a public testnet on Feb. 19 Monad to roll out a public testnet on Feb. 19
Latest News More More
1 Day Ago ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network
1 Day Ago Solana's key SIMD-228 proposal fails to pass validator vote, token emissions unchanged
2 Days Ago GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
2 Days Ago Bankrbot ends Grok's unintentional token creation spree by disabling interactions on X
3 Days Ago Taproot Wizards to hold first public auction of 'Wizards' Bitcoin Ordinals project
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open