EthStaker

Any thoughts on dgnETH? 

I am going too far out on the risk curve with it?

Any thoughts on dgnETH? 

I am going too far out on the risk curve with it?

https://medium.com/@kristhiann97/what-if-you-could-benefit-from-the-lst-market-through-a-token-meet-dgneth-15ce48705940

idk what a LST market is i assume it’s liquid staking…
either way this play looks to me to be way out and potentially very early and profitable or way to obscure to get big if it needs a lot of users to work imo

yes, it's liquid staking.
dgnETH takes liquid staking tokens like pxETH and applies another two-token-model on top of it.

to be exposed to so many layers of leverage I hope the yield is well worth it

It's not based on leverage. That's not how it works.
But, there are many layers involved, which brings increased smart contract risks.
- ETH - YIELD 2.9% ( 😔 )
-- apxETH
-- ETH+
-- LP ETH+ / ETH
--- Convex Finance (LP ETH+ / ETH)
---- dgnETH - YIELD 17% (.🔥 🔥 🔥  )

Yeah, "technical leverage" is definitly a thing here.

At least, all the protocols involved have a good track record (so far...)

oh yes I meant technical leverage like the smart contract risks not financial 
wowow 17% on eth though is pretty high (but not too high)  plus the unknown potential upside in the future o potential airdrops for being early