Staked ETH (STONE) Leverage
Last updated
Last updated
Staking rewards for ETH with StakeStone Liquid Staking STONE token is currently at 3~4% APY. In addition to that, Manta Pacific Network is providing MANTA token reward and Eigen Layer Restaking Point at the same time. Users can leverage staked ETH rewards as below:
1️⃣ Deposit STONE on Shoebill V2
2️⃣ Borrow ETH or STONE
3️⃣ Deposite ETH through and exchange to STONE
4️⃣ Deposite STONE on Shoebill V2 again
5️⃣ Repeat other process
Users can leverage for higher APY with low liquidation risk
STONE is reward accuring token of which the exchange rate increases based on the value comparing to ETH. Shoebill V2 returns the exact quantity to the depositors.
