How to get more than 12% annualized return on your ETH?

Staking is in Curve Finance’s sETH/ETH Optimism pool. The current annual return on ETH is 12.24%. Given that sETH and ETH are pegged, the risk is relatively low.

You can use ETH to borrow sETH from Synthetix, with a minimum mortgage rate of 120% and an interest rate of 0.25%, minimizing risks (platform risk, anchor risk).