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
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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:
- developed and liquid Defi ecosystem
- 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
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.
