Ethereum

<ul><li>Lookonchain report unveils ETH/stETH arbitrage gold mine for crypto giants, with significant returns on the horizon.</li><li>Daily engagement in the outlined strategy could net whales an impressive $194K annually, per Lookonchain&#39;s analysis.</li><li>Depreciation events like stETH&#39;s drop to 0.94 magnify arbitrage potential, opening more expansive profit windows for savvy traders.</li></ul><a href="https://cryptotale.org/?s&#61;Lookonchain" rel="noopener noreferrer nofollow">Lookonchain</a> recently unearthed a potential gold mine for crypto giants, or &#39;whales.&#39; Their report highlighted an intriguing arbitrage opportunity between Ethereum (ETH) and staked Ethereum (stETH). Given the potential for significant returns, one might wonder how much these crypto titans earn.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2a7ac19ea01f405199ba13e41353884e.png" />The strategy&#39;s foundation rests on a simple principle: a slight discrepancy between the value of ETH and stETH. As per Lookonchain&#39;s findings, 1 ETH can be swapped for approximately 1.0038 stETH on <a href="https://cryptotale.org/?s&#61;decentralized&#43;exchanges" rel="noopener noreferrer nofollow">decentralized exchanges</a> (DEX). This stETH can be redeemed for ETH at a 1:1 ratio on the Lido platform.However, only some traders can plunge into these waters. The report cautions that the prevailing gas fees make this method unviable for those with modest holdings. But for whales, with their vast reservoirs of crypto, it&#39;s an entirely different story.Read full article at <a href="https://cryptotale.org/whale-arbing-eth-steth-lookonchain-unveils-lucrative-strategy/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Whale Arbing ETH/stETH: Lookonchain Unveils Lucrative Strategy

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