Decentralized Fund Management Platform DeSyn Launch Liquidity Restaking Fund

<p>After a
period of tranquility, the Ethereum ecosystem is gradually regaining momentum
with the rise of the Restaking. As seasoned DeFi participants, DeSyn has
consistently focused on developing the Ethereum network. Previously, DeSyn
initiated the launch of the 3x ETH Leveraged ETF based on sharp market
insights, aiming to promote diversity in Ethereum network products and assist
users in maximizing their returns within the Ethereum ecosystem.</p><p>Today,
DeSyn announces the launching of the DeSyn ETH Restaking Fund I (3x Points),
dedicated to participating in this industry revolution alongside ecosystems
such as Eigenlayer and Renzo, collectively shaping the future of DeFi.</p><p>The
DeSyn ETH Restaking Fund I (3x Points), drETH in short, is an open-end fund
product introduced by Little Frog, a professional decentralized asset
management DAO organization based on the infrastructure of the DeSyn platform.
This product integrates DeSyn and other two highly acclaimed restaking
platforms, Eigenlayer and Renzo. Users can stake ETH, stETH, wETH, and ezETH
through the DeSyn platform. The fund supports on-demand withdrawals and offers
the existing APY from LST and LRT and the triple yield expectations from
Eigenlayer, Renzo, and DeSyn. Currently, this fund’s APY ranges from 3.6% to
60%. In terms of security, DeSyn solemnly declares that all contract codes have
undergone security audits to ensure the safety of user assets.</p><p>How to
restake?</p><p>Users
can navigate to Desyn's website and select the "restaking" option to
access the DeSyn ETH Restaking Fund I (3x Points) issue. Upon selection, users
have the opportunity to acquire drETH, associated with the potential of triple
returns.</p><p>Enhanced
Incentives through Triple-Point Staking with DeSyn</p><p>As
mentioned earlier, opting for the fund not only grants potentially basic LST
and LRT returns but also yields triple points from Eigenlayer, Renzo, and
DeSyn.</p><p>DeSyn is
committed to maximizing incentives for staking users. Starting from February 6,
2024, any user participating in this Fund can earn corresponding points,
dependent on the staking amount and duration.</p><p>· DeSyn Points Formula:
DeSyn points = (Amount of LST) * Number of staked days * 10,000</p><p>EigenLayer:
Elevating Ethereum Security through Restaking</p><p>EigenLayer
is a protocol built on Ethereum that introduces restaking, a new primitive in
crypto-economic security. This primitive enables the reuse of ETH on the
consensus layer. Users that stake ETH natively or with a liquid staking token
(LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and
extend crypto-economic security to additional applications on the network to
earn additional rewards.</p><p>Renzo:
Pioneering Restaking on the EigenLayer Mainnet</p><p>Renzo is
the first native restaking protocol to launch on the EigenLayer mainnet.
Although EigenLayer will not begin securing Actively Validated Services (AVSs)
I.e. EigenDA until mid-2024, they have been accepting deposits. Deposits for
Liquid Staking Tokens (LSTs) are capped; however, native ETH deposits remain
uncapped but very difficult for most users to access. They require a user to
have 32 ETH and run an Ethereum node that is integrated with EigenLayer to run
EigenPods.</p><p>About
DeSyn</p><p>DeSyn
Protocol (https://www.desyn.io/#/)
is an innovative decentralized asset management infrastructure on Web 3,
empowering users to securely and transparently create and manage customized
pool-based portfolios with various on-chain assets (tokens, NFTs, derivatives,
etc.) via smart contract.</p>

This article was written by FL Contributors at www.forexlive.com.