Supercharged ETH yield for the farming addicts 🧑🌾 Built on @ReserveProtocol
Degen Dept.
Joined April 2024
- Tweets415
- Following12
- Followers195
- Likes369
Pinned Tweet
🚨 Degen ETH will sunset on the 11th December 🚨
@reserveprotocol has made the decision to phase out incentives on the dgnETH/ETH+ LP, reducing to zero on 11th December
As ongoing incentives to this LP are core to dgnETH's value proposition operations will sunset
More info 👇
📢 hyUSD + dgnETH Incentive Wind-Down
Starting Oct 22 (today), incentives for hyUSD/eUSD and dgnETH/ETH+ pools will be phased out over separate timelines and reallocated toward $LCAP + other DTFs
⚠️ LPs should gradually exit or reallocate
More info 👉 forum.reserve.org/t/phasing-…
🚨 Degen ETH operations sunset today 🚨
Today marks the final reduction in incentives to the dgnETH/ETHplus LP in line with @reserveprotocol plans to completely remove incentives by Dec 11th.
⚠️ LPs are advised to exit ASAP
More info 👉 forum.reserve.org/t/sunsetti…
🚨 Degen ETH will sunset on the 11th December 🚨
Today marks the second reduction in incentives to the dgnETH/ETHplus LP in line with @reserveprotocol plans to completely remove incentives by Dec 11th.
⚠️ LPs are advised to exit ASAP
More info 👉 forum.reserve.org/t/sunsetti…
🚨 Degen ETH will sunset on the 11th December 🚨
Today marks the first 50% reduction in incentives to the dgnETH/ETHplus LP in line with @reserveprotocol plans to completely remove incentives by Dec 11th.
⚠️ LPs are advised to exit ASAP
More info 👉 forum.reserve.org/t/sunsetti…
New collateral basket asset incoming?
Averaging 7% APY over the last 30d (juiced because of the recent stETH depeg shenanigans) and now putting idle ETH to work in the @MEVCapital Morpho vault?
Interesting 🧐
The stETH ARM just got an upgrade 🛠️
Idle ETH in the vault is now routed to @MorphoLabs, earning through our partnership with @MEVCapital.
Better capital efficiency. Same core strategy. (1/5)
A thousand apologies for the interruption in staking yield sdgnETH have experienced this week.
Even though we're filthy degenerates you're yield is safe and definitely not being used pump our volume in the $ABX DTF trading comp....
So what's happening and where is your yield?
Suboptimal, but an added bonus for those who stuck around :)
If you want to check yield, the 30d average is still accurate and the best place to do so, it currently sits at 6.43% 🚀
dgnETH uses a two-token system:
1️⃣ dgnETH — pegged to ETH, no yield, composable across DeFi
2️⃣ sdgnETH — earns passive yield from all of ETH in the system
This boosts APY for sdgnETH holders to 7-8%.
It’s not magic. It’s incentivised by design.
