Lido Staked ETH (stETH)

Above $1b TVL yield vaults:

+ stETH on @LidoFinance - $14.9b

+ sUSDS on @SkyEcosystem - $5.88b

+ wbETH on Binance stake - $5.75b (largest vault on exchange)

+ @maplefinance with 2 vaults - syrupUSDC ($3.08b) and USDT ($1.04b)

+ USYC on @circle (tokenized fund) - $3.04b

+ weETH on @ether_fi - $2.93b

+ rETH on @Rocket_Pool - $2.23b

+ @aave with 3 vaults - wBTC ($1.88b), weETH ($1.78b) and wstETH ($1.59b)

+ sUSDe on @ethena - $1.72b

+ USDY on @OndoFinance - $1.11b

These TVL do not come from high APY, it's built on the reputation of the platforms and also from the further usecases of the LSTs in DeFi.

I spotted a whale rotate $160M from altcoins into stETH.
It swapped $160M USDT for 112k $stETH via Curve.
stETH balance now 402k, up 37% in 24h.
Funds came from a Binance hot wallet likely exiting exchanges.

I want this strategy on every redemption vault.

@OriginProtocol 's ARM buys tokens at a discount on DEXes, queues them for native redemption, and pockets the spread.

The mechanic is simple; exit liquidity on LSTs always trades at a slight discount to redemption value because someone needs out now and doesn't want to wait.

@LidoFinance 's native APR is 2.6%. If you need immediate liquidity, you eat the DEX discount. If you're patient, you wait up to 3 days for native unstaking. ARM arbitrages the gap between those two paths.

The resulting yields:

> stETH through ARM: 3.02%; 16% above base staking
> eETH from @ether_fi : 3.43%

I want to see this applied to @roycoprotocol 's vault.

Our vault has a 30-day redemption window, but it already trades on @CurveFinance and @agra_gg.

That discount is sitting there right now. Buying a vault share at 1% below redemption value locks in the equivalent of several weeks yield and that's super interesting.