Timeswap gears up for ETH szn!

Four new LST markets — Pirex ETH, Cian ETH, Stafi rETH, Origin ETH and soon LRT markets

4 min readJan 15, 2024

Gm Time Travelers — We hope you’re all off to a fantastic start in 2024 and the Up Only markets over the past few months have put you in a good place to stay winning in 2024. As the alt rally continues, ETH has some interesting narratives such as ETH ETF, Dencun upgrade, Liquid restaking and multiple tailwinds leading to a potential ETH SZN! So, the Time Machine has got some special deals for you to chase the ETH beta without getting liquidated. Four new ETH related pools are launching today and show why Timeswap is the ideal place to leverage your LSTs.

Larry launched the BTC ETF and now he’s looking to secure ETH staking yield for himself. Don’t let him scoop up all your magic internet money, Time Traveler!

What pools are launching?

Pirex staked Ether (apxETH)

Pirex ETH is built on top of the Redacted DAO’s Pirex platform and forms the foundation of the Dinero protocol. It is a two-token system built around ETH staking, consisting of pxETH and apxETH, tailored for different user preferences. This design gives users a choice: pxETH for liquidity or apxETH for boosted ETH staking yield.

When depositing ETH, users can choose between holding pxETH or depositing to an auto compounding rewards vault for apxETH.

apxETH is for users focused on maximising their staking yields. After minting pxETH, users can deposit to Dinero’s auto-compounding rewards vault to enjoy boosted staking yields without the hassle of running their own validators. Since some users will choose to hold pxETH, each apxETH benefits from staking rewards from more than one staked ETH, amplifying the yield for apxETH users.

Start your ETH szn: https://app.timeswap.io/#/borrow/ethereum/f942be79-4544-440e-a235-973f4ea839c4

Stafi Ether (rETH)

StaFi is the first multi-chain liquid staking protocol that unlocks the liquidity of staked assets. StaFi aims to solve the contradiction between mainnet security and token liquidity in PoS consensus. StaFi allows users to stake their tokens without locking their assets or maintaining infrastructure, while still participating in on-chain activities.

  • Staking pool: Protocol to manage user deposits, staking rewards, and withdrawals.
  • rToken: The token holders are staking through staking contracts built in StaFi protocol, and then get alternative tokens(rToken ,such as rETH, rMATIC, rATOM, rBNB, rSOL etc.), rTokens are tradable and it can get staking rewards from original chain at the same time.
  • Governance: StaFi protocol is a decentralised autonomous organisation (DAO) that manages the liquid staking protocol. The DAO is governed by the community and core team, who make decisions on key parameters, such as setting fees and selecting node operators. The DAO also accumulates service fees, which are used to fund research, development, liquidity mining incentives, and protocol upgrades.
  • Operator: Staking entities manage a secure and stable infrastructure for running validator clients. This infrastructure includes high-availability servers, redundant networks, and robust security measures. By managing this infrastructure, staking entities can help to ensure the safety and reliability of validator nodes.

Start your ETH szn: https://app.timeswap.io/#/borrow/arbitrum/aa0387e1-eb8a-4261-a179-dedd6a933234

Origin Ether (OETH)

OETH takes advantage of liquid staking yield, boosting APYs through DeFi strategies and rewards tokens. Origin Ether earns yield from liquid staking tokens stETH, rETH, and sfrxETH. Holders earn superior yield with Origin Ether, as APYs are optimised between LSTs and liquidity provision strategies within DeFi. OETH utilises an AMO strategy on Curve and Convex through the OETH-ETH pool, and it supports strategies on Balancer, Morpho, and other ETH-denominated Curve pools. In doing so, Origin Ether accrues heightened trading fees and rewards tokens on top of validator rewards from the aforementioned LSTs.

Pool goes live on 16th Jan!

CIAN Ether (ciETH)

CIAN is a decentralised automation platform that helps users onboard complex crypto delta-neutral yield strategies in one simple transaction.

The platform allows users to build, manage, and optimise multi-protocol strategies with their cryptocurrencies while benefiting from various automation features that constantly monitor and protect users’ positions against liquidation risks. CIAN is primarily focused on yield opportunities for or from Liquid Staking Tokens (LST, also known as LSD), Liquid Restaking Tokens (LRT), and Real-World Assets (RWA).

Pool goes live on 16th Jan!

Travelling to the future

What’s next for ETH after staking? Simple. Restaking!

Restaking has expanded the possibility of what can be done by selling access to a secured consensus, allowing others to enjoy the foundation chain’s security without having to lay out the expansive infrastructure it relies on. By depositing ETH or LSTs to Eigenlayer, for example, you can participate in securing other protocols! But, this means that these assets are no longer liquid and hey, aren’t LSTs supposed to be liquid?

Enter LRTs, Liquid Restaking Tokens. These protocols allow you to deposit your LST or ETH which is then redeployed to a restaking protocol! This allows you to enjoy restaking yield while also having your capital be liquid.

Wouldn’t it be ideal to have a place where you can leverage LRTs with no liquidations? LRTs are coming soon to the Time Machine. If you are securing Ethereum and other protocols, don’t your assets deserve to be secure too? :)

Don’t wait on the ETH ETF. Start getting leveraged exposure to ETH with no liquidations right now, without all the fees TradFi charges you!

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