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The Milk Road Show
Unlock 20-30% Extra Yield on Your ETH: A Step-by-Step Guide to Restaking w/Kelp DAO
Sep 2, 2024
Join Amit, co-founder of Kelp DAO and expert in Ethereum yield optimization, as he unveils strategies to boost your ETH earnings significantly. Discover how to enhance your yield by 20-30% with restaking, all while navigating the associated risks. Amit breaks down the use of Kelp's Gain Vaults and AirDrop Gain, providing a handy step-by-step guide. Learn how to effectively track and manage your rewards, making the most out of your crypto investments!
25:18
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Quick takeaways
- Restaking with Kelp DAO can boost ETH yields by 20-30%, offering a significant advantage over traditional staking options.
- While Kelp Gain enhances yield potential, users must remain cautious of smart contract risks and the importance of security audits.
Deep dives
Understanding ETH Staking and Yield Options
Staking ETH allows users to earn rewards on their holdings, with a basic return of around 3%. Many sources for staking exist, including centralized exchanges like Coinbase and decentralized options like Lido or Rocket Pool. For those seeking more than a savings rate, there's an exciting potential to achieve higher yields by utilizing advanced strategies within the decentralized finance (DeFi) ecosystem. However, the complexity of these strategies can be overwhelming for newcomers, prompting solutions that simplify participation in higher yield earning without requiring deep technical knowledge.
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Discover
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