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Adam
@adamhurwitz.eth
Bookmarking @plazafinance to understand where the 10% yield on $ETH comes from
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Plaza Finance
@plazafinance
It comes from the staking/restaking reward from ETH (3-4%), and levETH investors implicitly paying for the leverage through sales of ETH from the underlying asset vault.
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Adam
@adamhurwitz.eth
Thanks for the overview! cc @nocrimez.eth
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Adam
@adamhurwitz.eth
$ETH 10% APY - @plazafinance ~4% APY staking and restaking makes sense - ~6% APY - Is the levered ETH essentially options contracts people make to long|short ETH? - The fees for these options generate 6% APY? That seems too high.
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