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add note on LSD wars

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steinkirch.eth, phd 2023-05-01 09:52:16 -07:00 committed by GitHub
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MEV_and_trading/staking/README.md
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<br>
### updates
<br>
* 04.01.23: new entrants: binance's $BETH, origin protocol's $OETH, and yearn's $yETH (already pursing a gauge vote for the curve pool).
* curve is offering CRV rewards to users for staking wBETH/ETH LP tokens.
* $OETH has an interesting design mechanism, minted using other LSDs as collateral: Lido's $stETH, Rocket Pool’s $rETH, and Frax’s $frxETH. the yield is dependent on the $OETH pool receiving Curve rewards.
* $yETH is an Ethereum token backed by a basket of LSDs
<br>
### in this repo
<br>