New Ethereum Vault ft. StakeWise
In collaboration with Stakewise.io, Harvest launches a new vault for $sETH2 & $WETH
Dear Farmers,
Today we not only celebrate EIP-1559 but also the launch of the new vault that, in the end, aims to support securing the Ethereum Network.
Introducing Uniswap V3: $WETH- $sETH2 Vault in collaboration with Stakewise.io
This vault leverages Uniswap V3 Pool and is a perfect fit for farmers bullish on $ETH that want to earn an honest yield on their precious holdings without impermanent loss.
But first, What’s $sETH2?
sETH2 (staking ETH) is a token issued by StakeWise for each deposited $ETH into their staking pools. Holders of sETH2 receive staking rewards paid in rETH2, a token issued by StakeWise for each $ETH earned in their staking pool.
With Ethereum’s shift to PoS (called Ethereum 2.0 or ETH2) on the horizon, we are already seeing users deploying their native $ETH tokens on the Beacon Chain.
Stakewise.io allows anyone to capitalize on ETH2 yields by depositing ETH into their non-custodial and liquid staking protocol.
In other words, sETH2 is a recipe of the native $ETH that’s being staked via Stakewise.io.
You can redeem it for $ETH anytime. Currently, Stakewise sees over 25,000 ETH deposits in their staking pool.
What to expect from this vault?
By deploying your $WETH or $sETH2 via Harvest’s vault, you will:
- Earn swap fees of the $WETH-$sETH2 Uniswap V3 Pool
- Earn auto-compounding $iFARM rewards
- Earn & compound staking rewards (paid in rETH2) & SWISE rewards (soon visible in vault’s APY details)
The details of $WETH — $sETH2 Pool:
ETH price info:
Min price: 0.97045 sETH2 per ETH
Max price: 1.0305 sETH2 per ETH
sETH2 price info:
Min price: 1.0304 ETH per sETH2
Max price: 0.9704 ETH per sETH2
Vault address: link
Pool address: link
Position Token: link
fToken: fUniV3_ETH_sETH2
What is StakeWise?
StakeWise is a liquid Ethereum 2.0 staking protocol generating the highest possible yield via the dual token model. Stake Ether and receive daily rewards in rETH2 with StakeWise.
Connect with StakeWise: Website — Twitter — Discord
About Harvest Finance
Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.
Connect with Harvest: Website — Twitter — Discord
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This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information may be accurate. Consult a financial professional before making any financial decisions.
