The most based ETH LST index Built on @ReserveProtocol
Based Dept.
Joined April 2024
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So Base is going to launch a network token?
Sounds like a great time to bridge you ETH, and get diversified LST exposure via Base's largest ETH LST index... NFA
It's Friday so one for the shrimps 🦐
Anyone Reserve aligned and fancies taking this on?
*Proceed cautiously, this isn't for the passive farmer. You'll only receive 2300% with a super tight range, more likely looking at 500% with semi-active rebalances!
21 MILLION UNITED STATES DOLLARS
Intern missed 20... we've lost him to the $base
The mission of @ReserveProtocol is bold: Abolish inflation. Rebuild money.
bsdETH is part of that mission — decentralized ETH yield index on Base overcollateralized by $RSR stakers.
Built to preserve value, earn real yield, and power onchain treasuries.
🔵 Money, reprogrammed.
Our bsdETH/WETH @MorphoLabs market has grown from $0m to $10m in little over 9 months and we're now the 4rd largest market on Morpho's @Base instance...
But whose allocating the capital? 👇
bsdETH supply on Morpho grew 48% in Q2 with supply from @gauntlet_xyz growing 30%.
@gauntlet_xyz have backed us since day 1, proud to still be sitting comfy with them by our side 🫡
If you want to see bsdETH's other growth metrics you can find them in the Q2 report below 👇
Minting bsdETH is just like minting ETHplus - diversified, overcollateralized ETH yield… but powered by @Base.
Zap in and out of fast, cheap indexed LST yield with bsdETH.
🔵 Same structure, new chain.
Everyone is asking what is bsdETH, but no one is asking wen bsdETH.
Currently the 4th largest market on Base and with a combined APY of 16.5% APY (3.3% Base + 13.3% Supply APY) it's. not hard to see why...
Expect us 🫡
The current supply APY for bsdETH on @MorphoLabs is 6.75%
Add that to a base APY of 3.33% for a blended yield of 10% 🤯
Don't even get us start on looping...