Update: ETH Yielding Product

The eGBP Foundation team is excited to bring news of the latest addition to the eGBP product ecosystem, namely our staked Ethereum yielding product!

So how does it work? Our minting the bot will open 2 legs as part of the same ‘trade’.
Leg 1 – Our bot will buy ETH on the spot market and stake it.
Leg 2 – Our bot will short ETH on futures markets.

Leg 1 earns the ETH native staking yield of 3-4%.
Leg 2 earns an average of 8% yield from the futures funding fee and hedges away the ETH price exposure from our leg 1 position.

If we assume a total average return of 11-12% per year. A 7-10% yield for the end user. The remaining balance of the 11-12% return being retained as income for the business as revenue.

We believe this opens up an attractive return on investment for both eGBP users and investors alike.

We have provided a PDF with a technical breakdown of how the product works in more detail. Please click the button below.