LRT Project Comparison Analysis and High-Yield Strategy Guide

As Eigenlayer is about to open LST deposits, investors are faced with the question of how to choose the best LRT projects and develop suitable strategies. This article will comprehensively compare the characteristics of various LRT projects and provide seven unique investment strategies to help investors make the most of their ETH assets.

Overview of Key LRT Projects

Currently, there are six major LRT projects in the market:

1. Eigenpie: The most generous benefits, with the highest certainty and potential for returns.
2. Puffer: Strong background, high expectations on mainstream trading platforms
3. EtherFi: Largest scale, best liquidity, supports unstake
4. KelpDAO: Second largest, launched by the Stader team
5. Renzo: Supported by multiple well-known investment institutions
6. Swell: Dual Positioning of LST and LRT

These projects are either supported by well-known investors or developed by experienced teams, but it is still necessary to carefully assess the risks when investing.

It is worth noting that stETH may reach the single LST 33% cap set by Eigenlayer, which may affect its efficiency in earning points.

Seven Major Investment Strategies

1. One fish, multiple meals: swETH + Eigenpie

• Deposit swETH into Eigenpie
• You can earn triple rewards through Swell, Eigenpie, and Eigenlayer.
• Eigenpie adopts a fleet model, the larger the scale, the higher the returns.

2. Follow the big capital: Puffer + stETH

• Puffer has received investment from a well-known trading platform, with high expectations for its IPO.
• Currently only stETH is supported, which may affect Eigenlayer point acquisition.
• The focus is on the potential listing opportunity for Puffer in the gaming sector.

3. Seek progress while maintaining stability: mETH + Eigenpie

• The annualized return of mETH reaches 7.2%, far exceeding other LSTs.
• Combine Eigenpie's multiple benefits to balance stable returns and high potential.
• mETH can be minted on the official website or exchanged through certain DEX.

4. Keep a fallback: EtherFi

• The only project that supports unstaking, allowing for a 1:1 redemption of ETH
• You can earn double points on a certain DeFi platform.
• Suitable for users with high liquidity requirements and low risk tolerance.

5. Locked Earnings: Purchase PT Tokens

• Give up point rewards for a fixed high return
• A 36% annualized return can be obtained before June 27.

6. Small stakes gambling: Purchase YT tokens

• Equivalent to 10x leverage gaming points
• High risk high return, proceed with caution

7. Bold Operation: Lock in vlPNP/vlEQB votes to earn rewards

• You can obtain higher efficiency LRT points
• The mechanism is complex, and the risks are relatively high, making it unsuitable for beginners.

Summary

The LRT projects each have their own characteristics, and investors can choose suitable strategies based on their own risk preferences and investment goals. Regardless of the chosen strategy, it is essential to fully understand the project background, risks, and potential returns, and to make proper asset allocation and risk management.