LRT Strategy Analysis: Seven Solutions to Maximize Returns

As Eigenlayer is about to open LST deposits, investors need to weigh various LRT options to obtain the best returns. This article will analyze the characteristics of multiple projects in depth and provide seven unique strategies to help you make the most of your ETH assets.

1. Triple Earnings: swETH and Eigenpie Combination

Depositing swETH into Eigenpie allows you to gain:

• Eigenpie points (Total 10% airdrop + 24% IDO)
• Swellpearls (Total 7% Airdrop)
• Eigenlayer points airdrop

This strategy enables the acquisition of points from multiple projects while ensuring full returns. In the future, mswETH can also be used on other platforms to further enhance returns. It is worth noting that Eigenpie adopts a fleet model, where the larger the scale, the higher the returns.

2. High Potential Choices: Puffer and stETH

Puffer Finance has received support from multiple investors, and the market generally views positively the possibility of it being listed on a major trading platform. Its flagship technology is Anti-Slash LRT, but currently, it only supports stETH.

It is important to note that stETH may reach the 33% cap of a single LST on Eigenlayer, which means that the Eigenlayer points earned per unit of ETH may decrease. This strategy mainly focuses on the future development potential of Puffer.

3. Seeking Progress in Stability: mETH and Eigenpie

mETH currently enjoys an annualized yield of 7.2%, far higher than other LSTs. Combined with Eigenpie's multiple benefits, this combination can not only achieve stable high returns but also seek additional returns from LRT.

Users can mint mETH on the official website or exchange stETH for it without slippage on certain decentralized trading platforms. It is also important to note the fleet scale effect of Eigenpie.

4. Flexible Exit: EtherFi

EtherFi is currently the only project that supports unstaking, allowing users to redeem ETH either through a decentralized exchange or by directly unstaking, with a waiting period typically ranging from 7 to 14 days.

In addition, EtherFi can earn double points and extra incentives on certain DeFi platforms. This strategy is suitable for users with high liquidity requirements or those sensitive to depeg risks, as well as investors who value the Eigenlayer airdrop more.

5. Lock in High Returns: Purchase PT

A certain income trading platform has launched a dedicated LRT page. Purchasing PT means giving up all points earnings and staking earnings, but it allows for a fixed high annualized return before the maturity date.

6. High Risk High Return: Buy YT

Buying YT is equivalent to mining points with 10x leverage. If the final points yield exceeds the fixed annualized return rate, investors will profit; otherwise, they may face losses.

7. Radical Strategy: Locking vlPNP/vlEQB Votes

With multiple projects launching on a certain yield trading platform, various parties are offering point bribes. Investors can assess the investment value by comparing the points obtained daily from the unit PNP/EQB with ETH.

Please note that this strategy only acquires LRT points and does not include Eigenlayer points. Due to the complex mechanism and high risks involved, it is not recommended for investors lacking relevant experience to participate.

Summary

The current LRT market presents a landscape of six strong players, each project having its own characteristics:

• Eigenpie: The most generous benefits with the greatest profit potential
• Puffer: Strong background, high expectations for listing on large trading platforms.
• EtherFi: Largest scale, best liquidity, supports unstake
• KelpDAO: the second largest, launched by a well-known LST team
• Renzo: Received support from multiple well-known capital firms.
• Swell: The combination of LST and LRT can form a triple integral mining with Eigenpie.

Despite the strong support behind these projects, investors still need to carefully assess the risks. It is crucial to choose a suitable strategy based on personal needs and risk preferences. Whether pursuing stable returns, high potential rewards, or flexibility, the seven strategies provided in this article can serve as a reference for different types of investors.