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Asymmetry launches LST asset afETH, staking ETH can get 11%+ real income

Asymmetry launches LST asset afETH, staking ETH can get 11%+ real income

CointimeCointime2024/02/22 02:16
By:Cointime

Asymmetry, a liquidity collateral derivatives protocol supported by Frax Finance and Convex Finance, announced the official launch of afETH. Users can stake ETH to earn real returns of 11%+. afETH is in "bootstrapping mode" until February 28th, with a TVL cap. During the bootstrapping period, all afETH will begin earning rewards, with returns accumulating until floodgates open on March 4th and returns begin rolling out on that day. It is reported that afETH is a hybrid LST consisting of 70% sfrxETH from Frax Finance and 30% vlCVX from Convex Finance.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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