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 <p class="paragraph">Thetanuts Finance, a decentralized on-chain options protocol, announced the <a rel="noopener noreferrer nofollow" title="integration" href="https://thebittimes.com/tag/integration.html">integration</a> of Pendle Finance’s $PT-eETH offering, according to information shared with Finbold on March 15.&nbsp;</p>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="integration" href="https://thebittimes.com/tag/integration.html">integration</a> sets the stage for a Leveraged Liquid Restaking Token (LRTs) Strategy Vault on the Ethereum (ETH) Mainnet, Thetanuts’ first foray into restaking within the burgeoning Decentralized Finance (DeFi) landscape.</p>
 <h2 class="wp-block-heading" id="h-defi-restaking">DeFi restaking</h2>
 <p class="paragraph">Restaking allows DeFi participants to leverage staked ETH and secure yields beyond the Ethereum Mainnet.&nbsp;</p>
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 <p class="paragraph">Born on EigenLayer and facilitated by liquid restaking protocols such as EtherFi, restaking allows users to stake their $stETH and generate LRTs for increased yields.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">9/ The Leveraged LRT Strategy will first be on @ethereum Mainnet, and will soon come to @arbitrum.<br><br>Use our LRT Strategy Vault on Ethereum Mainnet here:<br> https://t.co/tGQLPqG2pb</p>— Thetanuts Finance (@ThetanutsFi) March 13, 2024
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 <p class="paragraph">Presently, EtherFi stands as a prominent player in the LRT domain, with over $2.5 billion in Total Value Locked (TVL).&nbsp;</p>
 <p class="paragraph">It empowers users to mint $eETH by depositing various assets like $ETH, $stETH, $bETH, or $cbETH.&nbsp;</p>
 <p class="paragraph">Holding $eETH makes users eligible for rewards through EigenLayer and protocol points such as EtherFi Loyalty Points.&nbsp;</p>
 <p class="paragraph">Furthermore, protocols like Pendle Finance introduce new offerings like $PT-eETH and $YT-eETH to amplify $eETH yields.</p>
 <h3 class="wp-block-heading" id="h-pt-eeth-opportunities">$PT-eETH opportunities</h3>
 <p class="paragraph">$PT-eETH distinguishes itself by offering a fixed ~20% APY, redeemable at a 1:1 <a rel="noopener noreferrer nofollow" title="ratio" href="https://thebittimes.com/tag/ratio.html">ratio</a> upon maturity.&nbsp;</p>
 <p class="paragraph">Conversely, $YT-eETH is all about leveraged exposure to $eETH yields and points until maturity, after which it goes to zero value.</p>
 <h2 class="wp-block-heading" id="h-thetanuts-pendle-collaboration">Thetanuts-Pendle collaboration</h2>
 <p class="paragraph">In collabo<a rel="noopener noreferrer nofollow" title="ratio" href="https://thebittimes.com/tag/ratio.html">ratio</a>n with Pendle Finance, Thetanuts Finance pioneers the industry’s highest fixed yield for $ETH through its $PT-eETH offering.&nbsp;</p>
 <p class="paragraph">With the introduction of the Leveraged LRT Strategy Vault, Thetanuts offers a platform to further enhance the yields.</p>
 <p class="paragraph">With this approach, $PT-eETH holders can deposit their tokens into the Thetanuts Finance v3 Lending Market and borrow $ETH, which they can use in the $ETH Call (“ETH-C”) Basic Vault to generate additional premiums.&nbsp;</p>
 <p class="paragraph">This gives users exposure to additional yield gene<a rel="noopener noreferrer nofollow" title="ratio" href="https://thebittimes.com/tag/ratio.html">ratio</a>n avenues, including, EigenLayer Points, EtherFi Loyalty Points, Pendle $PT-eETH Fixed Yield, Thetanuts Finance $ETH-C Basic Vault Option Premiums, and $NUTS Rewards.</p>
 <h2 class="wp-block-heading" id="h-the-impact-of-thetanuts-leveraged-lrt-strategy-vaults">The impact of Thetanuts’ Leveraged LRT Strategy Vaults</h2>
 <p class="paragraph">The launch of Thetanuts Finance’s Leveraged LRT Strategy Vaults introduces a novel yield-generating tool for LRT-related staking products in the options market.&nbsp;</p>
 <p class="paragraph">With an initial circulation of 150,000 $PT-eETH (~$577 million), Thetanuts plans to expand its offering to integrate other LRT protocols for similar strategies with other collateral assets.</p>
 <p class="paragraph">However, investments in $PT-eETH short-call vaults come with inherent risks, such as short volatility risk.&nbsp;</p>
 <p class="paragraph">Despite the potential for enhanced yields, the possibility of deposit depreciation in the event of market downturns affecting eETH or PT-eETH values is ever present.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/thetanuts-finance-unveils-leveraged-lrt-strategy-vault-facilitating-integration-with-pendle-s-pt-eeth-tbt82598.html">https://thebittimes.com/thetanuts-finance-unveils-leveraged-lrt-strategy-vault-facilitating-integration-with-pendle-s-pt-eeth-tbt82598.html</a></p>

Thetanuts Finance unveils Leveraged LRT Strategy Vault, facilitating integration with Pendle’s PT-eETH

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