- 2036
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- 🥇 Crypto's #1 yield opportunity
🥇 Crypto's #1 yield opportunity
PLUS: Bitcoin ETF likely to be approved
GM everyone. This is 2036, the crypto newsletter that pays you.
Here’s what we’re serving up today 🍲: Ethereum is one of the best risk-reward plays in crypto today. And it gets better. Today we’ll show you how to earn yield for holding it.
Let’s dig in.
🥔 Today’s meat and potatoes
Get smarter on crypto in 2 minutes
Ethereum is a supercomputer that allows anyone to build decentralized applications with it.
For years, the Ethereum blockchain was secured by computers completing difficult mathematical problems - called miners.
This mechanism - proof-of-work - is also how Bitcoin operates.
But last year, Ethereum completed its transition to proof-of-stake.
Now, the network is secured by people - like you and me - locking up their ETH in exchange for an annual reward.
This is called staking.
Since the transition, staking has exploded in popularity. There is more ETH staked than there is ETH on exchanges.
This is a bullish sign.
Ethereum has a bunch of positive things going for it:
it will undergo its next upgrade - Cancun - this fall (the last upgrade brought ETH to a one-year high).
it’s the New York City of crypto: it has the biggest banks, the most billionaires, the hottest brands, and the most vibrant community.
it has a spiritual leader who’s the stereotype of the smartest kid in the room - just smarter.
That’s why a lot of smart investors own a lot of ETH. Like Cathie Wood - who believes ETH will reach $170,000 by 2030.
We hope you’re right Cathie.
In short - ETH is the kind of asset you just want to hold for the long term.
And now, you can stake your ETH for a 4% annual yield (accrued daily). Here’s how:
Step 1: Head over to Lido đź’§
Lido is the biggest staking protocol for the average person (people with over 32ETH - $64,000 - can stake directly with Ethereum’s native system).
When you stake ETH with Lido, you’ll receive stETH (staked ETH).
stETH is:
pegged to the value of ETH
increases over time as staking rewards are accumulated
the most common form of collateral in DeFi i.e. you can take your stETH and use it elsewhere in DeFi
So first, head over to Lido.
Step 2: Connect your Metamask wallet đź‘›
If you don’t have a Metamask wallet, get one. It’s your gateway drug to decentralized finance (DeFi).
Step 3: Enter the amount of ETH you want to stake 🔢
Your page should look like this -
Step 4: Stake your ETH đź’Ž
Click “Submit” and confirm the transaction in your wallet.
Step 5: Receive stETH in your wallet đź’¸
When your transaction is confirmed, you’ll receive stETH in your wallet.
Step 6: Track your staking rewards đź‘€
On the Lido staking page, you’ll be able to see your total tokens staked, your staking rewards, and the annual percentage return you’ll get (currently 4%).
When you’re ready to claim back your ETH and stop staking, simply go back to Lido and withdraw your ETH in exchange for stETH.
And voila.
You’ve now staked your ETH for annual rewards. On top of being exposed to the upside of ETH, you’re getting a little dividend too.
Best of both worlds.
Staking is currently the biggest use case of DeFi.
And for most of us, it’s a total no-brainer.
That’s why we’ll pay you to do it today.
🍨 Dessert
Stories to read if you have FOMO
đź“ť Task
Earn $15 in ETH for staking on Lido
Today’s task is simple: stake some ETH on Lido - and send us proof.
Step 1: stake some ETH on Lido
Step 2: send us proof by filling out this form
As always, we’ll tally all the participants in a Google sheet and mathematically choose a winner at random who’ll receive $15 in ETH.
We’ll announce the winner in Friday’s email.
🖼️ Crypto meme of the day
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