[Notice] LST Optimizer and kETH to Mainnet
Blockswap unveils the LST Optimizer protocol, centered around the kETH token, which acts as an LST index to revolutionize the Ethereum staking landscape. Incorporating assets like dETH, rETH, and stETH, kETH not only offers stable yields but also auto-curates top-performing validators, bringing enhanced flexibility and yields to the ecosystem.
The kETH LST index leverages the strengths of dETH extending them to rETH and stETH while optimizing yields and giving all tokens a claim on underlying ETH. Its design eliminates the need for an oracle by facilitating direct ETH redemptions from validators.
The LST Optimizer dApp provides an avenue for users to stake their kETH and earn added BSN rewards. This innovation by Blockswap signals a transformative moment in Ethereum staking, melding security with elevated yield optimization. To stay informed, follow Blockswap on Twitter.
As outlined in the deployment notice, 15,000,000 BSN will be allocated to stETH and rETH deposits over 45 days. That leaves 35,000,000 BSN allocated to incentivizing the LST Optimizer based on the reception of the market. It will be used for kETH adoption and utilities as required; Pre-activation disclosures on token distribution will be provided to the DAO for feedback.