Gearbox Protocol
  • Overview
  • Link Tree & Dev Docs
  • What can you do with leverage 2.0?
  • Protocol overview
    • How it works
    • Credit Accounts
      • AllowedList: Integrations
        • OLD: V1 and V2
      • How to add new Contracts & Assets to AllowedList
    • Liquidations
      • Reserve Fund
    • Protocol Fees
    • Tech Paper
    • FAQ
    • History: DAO-First Launch
      • Birth at ETHGlobal MarketMake 2021
      • Kovan testing with DegenScore & lobsterdao
      • Credit Account Mining
      • Early Testers and Discord
  • Traders & farmers
    • Opening a Credit Account
    • Margin Trading: PURE
      • Boosted Long/Short or "Free Leverage"
    • Leverage Points & Restaking
    • Leverage Farming
      • One-Click Strategies
      • Leveraged liquid staking
      • Leveraged stablecoin farming
      • Leveraged Curve V2 and Convex
      • Leveraged vanilla yVaults
      • Arbitrage of correlated assets
    • Tips for leverage users
      • How to avoid liquidations
      • How to close a Credit Account
    • PRO: Leverage Bible
  • Passive Lending
    • Pools & APY
      • OLD: V1-V2 Pools
    • Dashboard: How to Earn
  • GOVERNANCE | DAO
    • Main DAO Governance
      • Guards [Multisigs]
      • Community Delegates
    • Quotas and Gauges
      • Dashboard: Gauge Voting
  • GEAR Token
    • Supply Information
    • Utility & Staking
    • Legal Disclaimer
  • Security & Risks
    • Audits & Bug Bounty
    • Risks and T&C
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  • Pure leveraged staking yields in stETH
  • Convex stETHcrv
  • Curve stETH

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  1. Traders & farmers
  2. Leverage Farming

Leveraged liquid staking

How leveraged liquid staking strategies can work with LIDO and others.

PreviousOne-Click StrategiesNextLeveraged stablecoin farming

Last updated 1 year ago

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With Gearbox, you are able to lever up staking as per your risk and debt [borrowed] asset preference to get access to true leveraged staking… But that’s just the tip of the iceberg. Beyond the leveraged ETH, it’s the stETH you receive that enables composability across multiple more DeFi protocols. And each protocol enables you to earn even more APY.

Pure leveraged staking yields in stETH

The stETH is what you receive when you stake ETH, with the ability to deploy directly on the LIDO protocol. stETH ideally is supposed to maintain a peg against ETH but market conditions can make it lose peg which can lead to your health factor dropping, this has previously happened and you should manage your risk accordingly. Depends on your debt asset too!

The yield here is the rebasing stETH rewards you receive. If they are more than the borrow rates you receive, this fully makes sense. This also makes sense if you went ETH-long relative to stablecoin debt: Boosted Long/Short or "Free Leverage"

Convex stETHcrv

Convex Finance allows users to stake steCRV LP tokens into their vault, to farm LDO, CVX, trading fees, as well as boosted CRV rewards — without the need for users to lock-up CRV themselves. This is on top of the staking APY of stETH (the portion that remains as stETH inside Curve pool).

Yield: a mix of CVX, LDO, boosted CRV, staking yields, and trading fees of Curve pool.

Curve stETH

The Curve stETH Pool takes Lido stETH (liquid staked ETH), puts it in a curve pool with vanilla ETH.

Yield: a mix of LDO, CRV, staking yields, and trading fees of Curve pool.

https://app.gearbox.fi/accounts
https://app.gearbox.fi/accounts
https://app.gearbox.fi/accounts