Exploring the Optimal Eigenlayer LRT Strategy: Maximizing Returns and Balancing Risks

As Eigenlayer is about to open LST deposits, investors need to make informed decisions among numerous options. This article will compare and analyze the features of various LRT projects, and provide seven unique strategies to help you make the most of your ETH assets and create maximum value.

1. Multiple Returns: swETH and Eigenpie Combination

Depositing swETH into Eigenpie allows you to simultaneously obtain:

• Eigenpie points ( total 10% airdrop + 24% IDO )
• Swellpearls( total amount 7% airdrop )
• Eigenlayer airdrop

This strategy has maximized the returns of multiple projects. In the future, mswETH can also be used on other platforms to further enhance returns. Eigenpie adopts a fleet model, where the larger the scale, the higher the returns.

2. High Potential Options: Puffer and stETH

Puffer Finance has received support from multiple investors, and the market generally views its potential to launch on mainstream trading platforms positively. The project focuses on Anti-Slash LRT technology, but currently only supports stETH.

It should be noted that stETH may reach the 33% cap for a single LST in Eigenlayer, affecting the acquisition of Eigenlayer points. This strategy focuses on the development prospects of Puffer, rather than the earnings from Eigenlayer points.

3. Seeking Progress in Stability: mETH and Eigenpie

mETH currently enjoys a high yield of 7.2% APR, far surpassing other LSTs. Combined with Eigenpie's multiple benefits, this strategy not only provides stable high returns but also seeks potential returns from LRT.

Users can mint mETH on the Mantle official website, or exchange stETH on other platforms. It is also important to pay attention to the fleet scale effect of Eigenpie.

4. Flexible Exit: EtherFi

EtherFi is currently the only project that supports unstaking, allowing users to redeem ETH through DEX exchanges or directly unstake. The waiting period for unstaking is usually 7-14 days.

EtherFi can earn double points on certain DeFi platforms. This strategy is suitable for users with higher liquidity requirements, those sensitive to depeg risks, and investors who place more importance on Eigenlayer airdrops.

5. Locked Earnings: Pendle PT

By purchasing the PT( Principal Token) on the Pendle platform, investors can lock in a fixed yield and forfeit incentive earnings. For example, the PT for eETH offers a 36% APY until the maturity date of June 27.

6. High-Risk Gamble: Pendle YT

Buying Pendle's YT( Yield Token) is equivalent to opening 10x leveraged mining points. If the final points yield exceeds 36% APY, investors will profit; otherwise, they may face losses.

7. Actively Participate: Lock in vlPNP/vlEQB Voting

With multiple LRT projects launching in Pendle, earning points through voting has become a new source of revenue. By comparing the daily points earned per unit of PNP/EQB with ETH, the efficiency of this strategy can be evaluated.

Note that this method only obtains LRT points and does not include Eigenlayer points. Due to the complex mechanism and high risks, it is recommended that only users familiar with the relevant operations participate.

Summary

Features of major LRT projects:

• Eigenpie: Generous benefits with high profit potential
• Puffer: Strong background, high expectations for launch
• EtherFi: the largest scale, good liquidity
• KelpDAO: Second largest in scale, strong team background
• Renzo: Capital supports diversification
• Swell: Combination of LST and LRT

The seven strategies each have their own focus, and investors can choose the suitable plan based on their own needs and risk preferences. Regardless of which strategy is chosen, one should fully understand the related risks and invest rationally.