DeFi

Pendle

Stake zgETH on Pendle and earn a 3x zgPoints boost.

Zircuit

Stake zgETH on Zircuit and earn a 3x zgPoints boost.

Curve

Provide zgETH/WETH liquidity on Curve and earn a 2x zgPoints boost.

Camelot

Provide zgETH/WETH liquidity on Camelot and earn a 2x zgPoints boost.

Pendle is a permissionless yield-trading protocol where users can execute various yield-management strategies. For zgETH, there are 4 main positions that users can engage with:

  1. PT-zgETH PT position is the principal token representing only the principal at maturity. This strategy works by depositing your zgETH into the Pendle protocol for a fixed duration and earning a fixed yield at maturity. Based on the exchange rate, you receive PT zgETH at a discount, and at maturity, you get 1 ETH worth of zgETH for every PT zgETH, which becomes your yield. However, you will not earn EigenLayer points and zgPoints with this position. You are simply locking in for a fixed yield. An important point to note is that PT-zgETH can be sold anytime before maturity

  1. YT-zgETH

    YT position is the yield token representing the yield of the underlying asset until maturity. Every YT-zgETH will give all the yield and points generated by 1 ETH worth of zgETH to you until pool maturity. The price of YT is subject to market rates depending on how the market values it.

For example, if 1 zgETH trades for 10 YT-zgETH, then for every YT-zgETH, users earn Miles and Points equivalent to 10 ETH worth of zgETH.

You can speculate on the price of YT-zgETH based on factors like Long Yield APY, EigenLayer points, and zgPoints. Kindly DYOR.

  1. LP-zgETH

    The LP position consists of PT-zgETH + SY-zgETH. SY portion earns yield. This is also single asset exposure, meaning IL is minimal. With this, you get the following benefits -

    1. EigenLayer Points

    2. zgPoints (Boosted)

    3. Staking / Restaking yield

    4. PT zgETH fixed yield

    5. Swap fees

    6. Pendle Incentives

    There are 2 ways of interacting with this strategy.

    1. Keeping Zero-Price Impact mode disabled: As LP zgETH is a PT/SY position, in this mode a part of SY is distributed into PT and YT and then the YT is sold for the amount equivalent to PT/SY being added to the pool. For example, if 1 SY and 1 PT are added, then 1 YT will be sold. As your YT holdings are sold, the zgPoints and points you earn also reduce. You will receive zgPoints and EigenLayer points based on the ratio of SY in the pool.

    2. Keeping Zero-Price Impact mode enabled: Your YT is not sold in this mode. So, your position receives ~3x zgPoints and ~1x EigenLayer points. There is no need to deposit in the liquid locker. However, adding earned LP to the liquid locker would allow users to gain more points, thanks to the boosting.

    To understand the more details, check out the docs on Pendle here

  2. Liquid lockers zgETH is live on 2 liquid lockers:

    1. Penpie

    2. Equilibria

    If you do not opt for Zero-Price Impact mode, you can deposit your LP position into a liquid locker and earn more zgPoints and EigenLayer Points with the Pendle boost. Penpie: Click here to deposit

Equilibria: Click here to deposit

Uniswap

Users earn 3x zgPoints and EigenLayer points for providing liquidity to the zgETH <> ETHx pool

Steps to Add Liquidity:

  1. Stake your preferred LST with on the Zero-G dApp and mint zgETH

  2. Go to the DeFi tab and click the link that takes you directly to the Uniswap pool.

  3. Once on the Uniswap pool page, connect your wallet and deposit the amount of zgETH and ETHx that you would like in the range of your choice. Your position within range will continue to earn zgPoints and EigenLayer points.

Proportional Earning of Rewards:

  1. zgPoints will be distributed based on the overall TVL of the pool. In the zgETH / ETHx pool, the zgPoints will be allocated to the pool for the overall zgETH + ETHx equivalent of zgETH. Users will get Miles proportional to their LP positions.

  2. EigenLayer Points will be distributed based on the zgETH available in the pool. In the zgETH / ETHx pool, the EigenLayer points will be allocated to the pool based on the zgETH amount in the pool. Users will then get EL points proportional to their LP positions

Example -

Pool Composition: 30 zgETH, 70 ETHx

Price ratio (zgETH/ETHx): 1:1

Contribution by wallet: 5 zgETH, 5 ETHx

LP Share: (5+5)/100 = 0.1

zgPoints per day = [0.1]*[100]*[10,000*3] = 300,000

EigenLayer Points per day = [0.1]*[EigenLayer points received by Pool for 30 zgETH]

LP positions also depend on whether the position is in range. So, users providing liquidity within range will get a higher allocation of Miles and points.

Curve

Users earn 3x zgPoints and EigenLayer points for providing liquidity to the zgETH <> sfrxETH pool

Steps to Add Liquidity:

  1. Stake your preferred LST with on the Zero-G dApp and mint zgETH

  2. Go to the DeFi tab and click the link that takes you directly to the Curve pool.

  3. Once on the Curve pool page, connect your wallet and deposit the amount of zgETH and sfrxETH that you would like. Your position will continue to earn zgPoints and EigenLayer points.

Proportional Earning of Rewards:

  1. zgPoints will be distributed based on the overall TVL of the pool. In the zgETH / sfrxETH pool, the zgPoints will be allocated to the pool for the overall zgETH + sfrxETH equivalent of zgETH. Users will get Miles proportional to their LP positions.

  2. EigenLayer Points will be distributed based on the zgETH available in the pool. In the zgETH / sfrxETH pool, the EigenLayer points will be allocated to the pool based on the zgETH amount in the pool. Users will then get EL points proportional to their LP positions

Example -

Pool Composition: 30 zgETH, 70 sfrxETH

Price ratio (zgETH/sfrxETH): 1:1

Contribution by wallet: 5 zgETH, 5 sfrxETH

LP Share: (5+5)/100 = 0.1

zgPoints per day = [0.1]*[100]*[10,000*3] = 300,000

EigenLayer Points per day = [0.1]*[EigenLayer points received by Pool for 30 zgETH]

Balancer

Users earn 3x zgPoints and EigenLayer points for providing liquidity to the zgETH <> ETHx pool

Steps to Add Liquidity:

  1. Stake your preferred LST with on the Zero-G dApp and mint zgETH

  2. Go to the DeFi tab and click the link that takes you directly to the Balancer pool.

  3. Once on the Balancer pool page, connect your wallet and deposit the amount of zgETH and ETHx that you would like. Your position will continue to earn zgPoints and EigenLayer points.

Proportional Earning of Rewards:

  1. zgPoints will be distributed based on the overall TVL of the pool. In the zgETH / ETHx pool, the zgPoints will be allocated to the pool for the overall zgETH + ETHx equivalent of zgETH. Users will get Miles proportional to their LP positions.

  2. EigenLayer Points will be distributed based on the zgETH available in the pool. In the zgETH / ETHx pool, the EigenLayer points will be allocated to the pool based on the zgETH amount in the pool. Users will then get EL points proportional to their LP positions

Example -

Pool Composition: 30 zgETH, 70 ETHx

Price ratio (zgETH/ETHx): 1:1

Contribution by wallet: 5 zgETH, 5 ETHx

LP Share: (5+5)/100 = 0.1

zgPoints per day = [0.1]*[100]*[10,000*3] = 300,000

EigenLayer Points per day = [0.1]*[EigenLayer points received by Pool for 30 zgETH]

zgPoints and EL Points Integration on Zero-G Dashboard

For the DeFi Opportunities live with zgETH, points are accruing in the database and will start showing on the dashboard retroactively for each DeFi Opportunity.

PreviousCross-Chain via ConnextNextTerms of Service

Last updated