eigenlayer

YT Pricing for EigenLayer Airdrop

I’ve been doing some napkin math in my head for a YT strategy for farming EigenLayer Points.

If $EIGEN is $0.10 when airdropped, current YT eETH is selling at 31% discount and the profit from the strat nets $1,100 per ETH.

Calculator link is provided below.

YT Pricing for EigenLayer Airdrop

I’ve been doing some napkin math in my head for a YT strategy for farming EigenLayer Points.

If $EIGEN is $0.10 when airdropped, current YT eETH is selling at 31% discount and the profit from the strat nets $1,100 per ETH.

Calculator link is provided below.
https://bit.ly/3UyjwGJ

6/ Break Even Price = $336 per YT
Formula: 1 eETH($2,300) / 6.84522 YT eETH(Break Even Amount)

7/ Market price = $230 per YT
Formula: 1 eETH($2,300) / 10 YT eETH(Market Swap Ratio at Pendle)

8/ Market price is 31.5% discounted when referencing the Break Even Price.