This vault optimizes yields for the Curve stETH-ng (next generation) pool through Convex Finance. The pool facilitates efficient swaps between stETH (Lido staked ETH) and ETH, and LPs continue earning Lido staking rewards while providing liquidity.
How This Vault Works
Provide stETH and/or ETH liquidity to Curve's stETH-ng pool
Deposit LP tokens into this Convex vault
Earn boosted CRV emissions via Convex's veCRV power
Curve pool also charges a small swap fee (typically 0.04%) that goes to LPs.
Yield Composition
Total APY combines:
ETH staking yield (~3-4%) via stETH
Curve swap fees
Boosted CRV emissions
CVX token rewards
Risk Disclosures
Smart Contract Risk: Exposure to Curve, Convex, and Lido contracts. All are extensively audited but complex.
Lido Validator Risk: stETH value depends on Lido's validator operations. Slashing events could reduce stETH value relative to ETH.
Depeg Risk: stETH occasionally trades at a discount to ETH during market stress. LPs face impermanent loss if this occurs.
Ethereum Risk: Both assets are ETH-denominated. If ETH price falls, your position loses value in USD terms.
Withdrawal Queue Risk: Converting stETH to ETH through Lido may have delays during high-demand periods.
Oracle Risk: The ng pool uses enhanced oracles, but oracle issues could still affect pool operations.
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.