đ€ Curious about how this crypto whale is making a fortune through ETH/stETH arbitrage? Let's unveil their brilliant strategy and discover the money-making potential! đĄđ°
đ How to Arbitrage with ETH/stETH? đ
1ïžâŁ Exchange 1 ETH for 1.0038 stETH on #DEX.
2ïžâŁ Redeem 1 $ETH with 1 stETH at a 1:1 ratio on Lido.
3ïžâŁ Profit! Earn 0.0038 ETH ($0.6) per arbitrage.
đš Disclaimer: Due to gas fees, this strategy may not be suitable for small funds. đš
But for the whales out there, it's definitely worth considering! đłđ°
đ° So, how much is this whale making? đ°
In the screenshot below, you'll see the whale in action. They swapped 1,370 ETH for 1,370.3351 stETH on 1inch and redeemed it at the same rate on Lido.
With a gas fee of 0.0061 ETH, they pocketed a cool 0.329 ETH ($540)!
đž $540 might seem like a drop in the ocean for a whale, but let's do the math. If they repeat this 1,370 ETH arbitrage daily, they'll bank 118 ETH ($194K) in a year, with an impressive APY of 8.6%!
đ And if ETH/stETH ever depegs, the potential profits could be even more substantial. In May 2022, when ETH/stETH depegged to 0.94, our whale could arbitrage 87 ETH at a time. đđ°
Keep in mind that #cryptocurrency investments carry risks, and results may vary. Always make informed decisions! đđ #CryptoWhale #ArbitrageMasters
đ Please FOLLOW & LIKE đ It's Motivates me a LOT â€ïž
đ How to Arbitrage with ETH/stETH? đ
1ïžâŁ Exchange 1 ETH for 1.0038 stETH on #DEX.
2ïžâŁ Redeem 1 $ETH with 1 stETH at a 1:1 ratio on Lido.
3ïžâŁ Profit! Earn 0.0038 ETH ($0.6) per arbitrage.
đš Disclaimer: Due to gas fees, this strategy may not be suitable for small funds. đš
But for the whales out there, it's definitely worth considering! đłđ°
đ° So, how much is this whale making? đ°
In the screenshot below, you'll see the whale in action. They swapped 1,370 ETH for 1,370.3351 stETH on 1inch and redeemed it at the same rate on Lido.
With a gas fee of 0.0061 ETH, they pocketed a cool 0.329 ETH ($540)!
đž $540 might seem like a drop in the ocean for a whale, but let's do the math. If they repeat this 1,370 ETH arbitrage daily, they'll bank 118 ETH ($194K) in a year, with an impressive APY of 8.6%!
đ And if ETH/stETH ever depegs, the potential profits could be even more substantial. In May 2022, when ETH/stETH depegged to 0.94, our whale could arbitrage 87 ETH at a time. đđ°
Keep in mind that #cryptocurrency investments carry risks, and results may vary. Always make informed decisions! đđ #CryptoWhale #ArbitrageMasters
đ Please FOLLOW & LIKE đ It's Motivates me a LOT â€ïž
