This is a typical carry strategy on ETH, buying stETH at a discount on Curve and redeems it at par through the Lido withdrawal queue, capturing the spread. Capital not deployed in the carry is parked in sigmaETH, so today the vault's realized return is essentially the Morpho idle yield while it waits for the carry to clear.
Chain
Ethereum
Deposit Token
WETH
Total deposited
$770.54K
Net APR
ALL2.28%
30D2.19%
7D4.94%
