LST Optimizer dApp

Overview​

The LST Optimizer dApp facilitates the minting and burning of vETH via the smart-contract driven management of asset baskets (vaults).

There are three vaults that users can interact with on the dApp:

1. LST Vault - Users deposit supported LST or LSD tokens to receive vETH.

2. dETH Vault - Users deposit dETH to earn and receive ETH (or ETH equivalent).

3. vETH Vault - Users deposit vETH to earn BSN.

There are no additional fees for depositing or withdrawing funds.

LST Vault​

The LST Vault is a basket of supported LSTs and LSDs represented by the vETH ERC-20 token.

In the LST Vault, users deposit Ethereum LSTs and LSDs and automatically receive vETH. As these deposited tokens generate staking yield, the value of vETH increases in proportion to the value they accrue (read more about how this works here)

vETH is a staked ETH unit giving a target rate. As long as a user holds vETH, they will earn rewards.

Users can view the LST Vault’s target rate at any time by turning on the Target APR toggle on the home page. The target rate represents the yield rate at which the LSD Vault's automated account manager is aiming for at any given moment.

Users can burn their vETH and redeem it for ETH (or ETH equivalent) by withdrawing it on the “Withdraw” tab. Users must wait for the deposit lockup period to end before they can execute withdrawals. The lockup timer resets to 15 minutes every time the user deposits, withdraws, stakes, unstakes, or transfers vETH in the LST Optimizer dApp. #dETH Vault​

In the dETH Vault, users deposit dETH and receive kwETH, which creates an auto curated basket of Stakehouse validators giving consistent yield.

The value of vETH increases in proportion to the staking yield accrued by the dETH in the vault.

Users can burn their kwETH and withdraw their funds and accumulated rewards as ETH (or ETH equivalent). Users must wait for the kwETH deposit lockup period to end before they can execute withdrawals.

gETH Vault​

In the gETH vault, users deposit gETH and earn BSN. BSN is a critical component across the Blockswap ecosystem.