Original title: A Killer DeFI Strategy to Farm EigenLayer Airdrop
Original author: hitesh.eth
Original source: twitter
Compiled by: Peng SUN, Foresight News
Editor's note: Gearbox says users can earn up to 9.5x EigenLayer points and 19x ether.fi points.
Under normal circumstances, depositing 1 ETH in EigenLayer will earn you 24 points.
But is it possible to deposit 1 ETH and get 96 points every day? You only need to pay an annualized borrowing fee of 0.41 ETH and earn 4 times more points.
Today I would like to introduce to you the points leverage just launched by Gearbox, a DeFi composable leverage protocol. We can leverage up to 9x ETH to earn EigenLayer Points while also getting a 10x boost on ether.fi.
Gearbox's leveraged restaking and leveraged points currently support ether.fi, and will support other protocols such as Renzo and Stakesiwe in the future.
If EigenLayer airdrops in the next 3 months, then within 90 days from today, if you deposit 1 ETH as collateral in Gearbox, borrow 1x to 10x ETH, and exchange weETH through ether.fi, you can get EigenLayer and Leverage Points for ether.fi. You only need to pay a handling fee of 0.1 ETH and keep an eye out for the weETH liquidation price around 0.95 ETH. Currently, weETH price is pegged 1:1 to ETH, so the risk of decoupling still needs to be considered.
After 90 days, you can earn 8640 EigenLayer points. The current price of 1 EigenLayer point on Whales Market is $0.17, and you can earn $1468 by selling them all. Of course, if you hold points, you will also get a lot of airdrops.
Approximately 2,500 more ETH have been staked on Gearbox now, and in a few days they will increase the limit to 30,000 ETH.
In short, I think Gearbox leveraged points mining can allow us to obtain more EigenLayer airdrops. The only thing that needs to be paid attention to is the liquidation risk in the case of weETH decoupling, so corresponding risk management must be done. In addition, users need to hold 20,000U of mortgage assets to participate.
Check out: Gearbox Points Calculator
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
