🧑🌾Liquid Restaking Aggregator
By creating an aggregation strategy, Fyde aims to maximize the accumulation of airdrop points and yields for its users. All in an easy to use way.
Big thanks to participating LRT protocols building out these amazing products: Ether.fi, Ion Protocol, Pendle, Swell, Puffer, Renzo, KelpDAO, Zircuit and Eigenlayer.
What Differentiates Fyde?
This approach allows for the accumulation of airdrop points, positioning Fyde users to benefit significantly from potential airdrops and yield opportunities.
Users can make a single deposit and be immediately exposed to 9 different confirmed airdrops (and possibly more if projects cross drop 👀) in the restaking space. This means paying gas just once instead of 9 different times. Fyde handles everything everything else for the user, including boosting the points and yield you receive through Pendle and Zircuit to give you more rewards for your deposit.
How Fyde Works: A Step-by-Step Guide
Engaging with Fyde is straightforward. Here's how you can get started and potentially benefit from our unique aggregation model:
Step 1: Connect Your Wallet to Fyde
Visit the Fyde LRT platform and connect your Ethereum wallet.
Step 2: Participate in Fyde's LRT Aggregation
Input how much ETH you'd like to deposit, and click "Stake".
And that's it.
Usually, in other DeFi protocols, leveraging up and creating additional alpha from deposits require sophisticated knowledge of investment strategies. To properly monitor and gauge risk requires technical infrastructure and a lot of time. However Fyde cuts out all of the hard work for the end user.
Below are details of how the initial set of strategies are implemented.
Step 1: Allocation of ETH
Fyde deploys an equal amount into Swell, Ether.fi, Renzo, Kelp, and Puffer. These strategies deploy into Eigenlayer as well.
Fyde deploys a smaller amount into Lido for wstETH to deploy into Ion and Puffer.
Fyde deploys the restaked tokens into Pendle and Zircuit to generate boosted points and boosted yield.
Step 2: Accumulate Airdrop Points
By depositing into Fyde, you'll start accumulating airdrop points.
These points increase your eligibility for potential airdrops and rewards.
Fyde’s simulation frameworks seek out the most promising strategies to allocate ETH toward.
Step 3: Optimize Your Yield
Fyde's platform automatically optimizes your staked assets for enhanced yield, allowing users to receive more yield than just restaking alone.
Step 4: Monitor Your Progress
Fyde's dashboard provides real-time insights into your accumulated airdrop points and yield.
Contract Address:
Contract Address: eth:0x3f69F62e25441Cf72E362508f4d6711d53B05341
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