A question I've received recently about Inferno (a mashup of @0xC_Lever and @EIP7503): "Since burnt ETH is already developed, can Inferno just utilize $BETH right off the bat for the protocol?"
And the answer is absolutely! Let's walk through what that would look like. 🧵↓
1/
Quite simply, $BETH could easily be integrated into Inferno, as it would allow $ETH liquid staking providers, like @LidoFinance and @YieldNestFi, to amplify the TVL of their liquid staking strategies with discounted incentives. But how are the incentives discounted?
3/
The discounted incentives are achieved by the fact that @LidoFinance and @YieldNestFi would only have to pay for PART of the yield to attract users into the TVL strategies like $wstETH or $ynETHx. Why? Because the burnt $ETH users and the underlying yield bearing assets pay the other parts! See the diagram below.
4/
Using some calculations that take into account some initial assumptions for $BETH discounts and LST yields, we can see that for $1,000,000 of TVL in Inferno, it only takes $500 in stimulus combined from both @YieldNestFi and @LidoFinance to give all Inferno users a profit! Imagine earning $ETH by burning $ETH!
Spreadsheet:
5/
Additionally, because the TVL inside the furnace is now much smaller than before the stimulus/incentive epoch, the yield for fireETH stakers in the Inferno furnace is much higher: 10% APR! This will drive TVL to the underlying yield bearing strategies to capture those higher rewards.
This makes a product like "staked fireETH" very desirable as collateral in lending platforms like @aave or @CurveFinance or yield trading platforms like @pendle_fi and @spectra_finance.
6/
As you can see, @EIP7503 $BETH could be a valuable asset to earn $ETH when deposited into the Inferno system. If you happen to be interested in Inferno and have a technical background that could be of assistance in helping build Inferno, please reach out! Let's start burning $ETH ASAP!
7/
8/
1,54 rb
9
Konten pada halaman ini disediakan oleh pihak ketiga. Kecuali dinyatakan lain, OKX bukanlah penulis artikel yang dikutip dan tidak mengklaim hak cipta atas materi tersebut. Konten ini disediakan hanya untuk tujuan informasi dan tidak mewakili pandangan OKX. Konten ini tidak dimaksudkan sebagai dukungan dalam bentuk apa pun dan tidak dapat dianggap sebagai nasihat investasi atau ajakan untuk membeli atau menjual aset digital. Sejauh AI generatif digunakan untuk menyediakan ringkasan atau informasi lainnya, konten yang dihasilkan AI mungkin tidak akurat atau tidak konsisten. Silakan baca artikel yang terkait untuk informasi lebih lanjut. OKX tidak bertanggung jawab atas konten yang dihosting di situs pihak ketiga. Kepemilikan aset digital, termasuk stablecoin dan NFT, melibatkan risiko tinggi dan dapat berfluktuasi secara signifikan. Anda perlu mempertimbangkan dengan hati-hati apakah trading atau menyimpan aset digital sesuai untuk Anda dengan mempertimbangkan kondisi keuangan Anda.