APIR 12: iETH integration (4th Winelisting)

Project presentation:
Instadapp lite ETH vault

Simple summary:

This Strategy takes ETH and converts it to stETH. stETH is then leveraged against standard ETH to gain an increased amount of ETH POS staking reward. It is similar to icETH or ETHMAXY but has the most little fees:

  • iETH: 10% performance fee and 0.01% withdrawal fee
  • ETHMAXY: 1.95% streaming fee
  • icETH: 0.75% streaming Fee 0.25% withdrawal Fee

This proposal aims to integrate iETH to Apwine

iETH has been live since April 4 2022 and is mintable on instadapp.

Rationale:

Iā€™d like to propose the addition of iETH to offer the best leveraged staking strategy using stETH and AAVE with minimal management fees. Overall this strategy yield 9% net APR on ETH.

Benefit of this integration for Instadapp protocol

  • Additional yield opportunities for the community or the protocol treasury
  • Increase the visibility of the project with cross marketing
  • Increase the TVL of the IBT pool

Benefit of this integration for Apwine DAO

  • Increase the tokenized TVL and the AMM TVL
  • Diversify the ETH yield possibilities
  • Increase the visibility of the project

Instadapp Metrics
$INST market cap : 27m$
TVL: 5.22 b$
Twitter community : 34.6k

iETH Metrics :
TVL: 108m$
TVL excl debt : 383m$
Unique users over time : 586
Holders: 411

Community poll:

  • Add iETH IBT to the winelisting vote
  • Do not add iETH IBT to the winelisting vote

0 voters

4 Likes

Hey @remilm thanks for this proposal ! :fire:

Can you fill the winelisting form or ask Instadapp team to fill it please ?

1 Like

I asked someone from instadapp, it is done :slight_smile:

2 Likes