The ETH Believer Starter Pack
The ETH Believer Starter Pack is an automated strategy for accumulating wstETH and generating up to 25% yield on top of it in capital-efficient way with zero manual action We wish you a Happy HODL!
About
The problem it solves The automated ETH HODL strategy offers a unique combination of high yield, safety and ease of use, and it is a perfect solution for ETH believers to enjoy the Arbitrum ecosystem empowered by the crypto-native automation. We call it "Starter Pack" or "Happy HODL" for reasons! ### What’s inside this pack? - Automatic DCA strategy for ETH accumulation & wstETH purchase - wstETH “Happy HODL” (Boosted mood) yield strategy with ~ 25% APY in wstETH ### You get the following features: - Individual, transparent, on-chain, and automated in a decentralized way - Built on Arbitrum - low cost of operation/can be afforded by ordinary users - Protected from liquidation by on-chain automation ### Why Arbitrum? Automatic smart-contracts execution is a powerful tool if works reliably and in decentralized way. However, to derive added value from it, we need: 1. developed and liquid Defi ecosystem 2. low fees (or multiple operations will be too costly) Arbitrum is a perfect match! That is why the starter pack is build on Arbitrum: - It’s much cheaper to run complex on-chain strategies on Arbitrum than on Ethereum - More yield for more users - the pack suits a much wider range of stake sizes - Individually-created automation Jobs - only you define what happens to your funds
How it's made
Challenges we ran into The main challenge was to implement all the necessary interfaces required for interaction with multiple entities on-chain. This takes a lot of code and limits the flexibility and reusability of code, and is definitely a target for further improvements and adding abstraction layers.