Additional Liquid Restaked ETH Yields On USDC Lend
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Description
This strategy earns USDC lending interest on Aave and borrows ETH to generate additional ETH restaking yields.
By swapping borrowed ETH for weETH, ezETH, and rsETH, this strategy earns the the difference between liquid restaking yields and ETH borrow interest. Liquid restaking yields accrues natively to the liquid staked token and is reflected in liquid restaked token price always appreciating against ETH.
+ USDC Lending Interest
+ weETH Liquid Staking Yields
+ ezETH Liquid Staking Yields
+ rsETH Liquid Staking Yields
- ETH Borrow Interest
Strategy
Lend all $USDC - Aave
Borrow $WETH
62.5% of collateral value for 20% buffer
Swap 33% $WETH → $weETH
Swap 33% $WETH → $ezETH
Swap 33% $WETH → $rsETH
Swap all $weETH → $WETH
Swap all $ezETH → $WETH
Swap all $rsETH → $WETH
Repay $WETH debt - Aave
Withdraw $USDC collateral
Close remaining debt
Swap all to withdraw token
Protocol Parameters
~3.7% weETH Liquid Staking Yields
~4.1% ezETH Liquid Restaking Yields
~4.1% rsETH Liquid Restaking Yields
0.1% Max Slippage Config
Strategy Performance Conditions
weETH/ezETH/rsETH continuously increases in value vs WETH.
WETH borrow cost is less than weETH/ezETH/rsETH liquid restaking yields.
USDC supply interest is greater than the interest differentials between weETH/ezETH/rsETH yield and WETH borrow.
weETH/ezETH/rsETH depegs from ETH.
weETH/ezETH/rsETH liquid restaking yields falls below WETH borrow costs.
Calculation Template
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Estimated Returns
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