Skip to content
The ETH Believer Starter Pack

The ETH Believer Starter Pack

The ETH Believer Starter Pack is an automated strategy for accumulating wstETH and generating up to 25% yield on top of it in capital-efficient way with zero manual action We wish you a Happy HODL!

Created on 10th December 2023

•

The ETH Believer Starter Pack

The ETH Believer Starter Pack

The ETH Believer Starter Pack is an automated strategy for accumulating wstETH and generating up to 25% yield on top of it in capital-efficient way with zero manual action We wish you a Happy HODL!

The problem The ETH Believer Starter Pack solves

The automated ETH HODL strategy offers a unique combination of high yield, safety and ease of use, and it is a perfect solution for ETH believers to enjoy the Arbitrum ecosystem empowered by the crypto-native automation.
We call it "Starter Pack" or "Happy HODL" for reasons!

What’s inside this pack?

  • Automatic DCA strategy for ETH accumulation & wstETH purchase
  • wstETH “Happy HODL” (Boosted mood) yield strategy with ~ 25% APY in wstETH

You get the following features:

  • Individual, transparent, on-chain, and automated in a decentralized way
  • Built on Arbitrum - low cost of operation/can be afforded by ordinary users
  • Protected from liquidation by on-chain automation

Why Arbitrum?

Automatic smart-contracts execution is a powerful tool if works reliably and in decentralized way. However, to derive added value from it, we need:

  1. developed and liquid Defi ecosystem
  2. low fees (or multiple operations will be too costly)
    Arbitrum is a perfect match! That is why the starter pack is build on Arbitrum:
  • It’s much cheaper to run complex on-chain strategies on Arbitrum than on Ethereum
  • More yield for more users - the pack suits a much wider range of stake sizes
  • Individually-created automation Jobs - only you define what happens to your funds

Challenges we ran into

The main challenge was to implement all the necessary interfaces required for interaction with multiple entities on-chain. This takes a lot of code and limits the flexibility and reusability of code, and is definitely a target for further improvements and adding abstraction layers.

Tracks Applied (1)

Arbitrum Track

Arbitrum is the best fit for the complex automated strategies around ETH: low gas costs (compared to the mainnet) (1) =>...Read More
Arbitrum

Arbitrum

Cheer Project

Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.

Discussion

Builders also viewed

See more projects on Devfolio