{"id":27731,"date":"2022-11-17T16:55:26","date_gmt":"2022-11-17T11:25:26","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=27731"},"modified":"2022-11-17T16:55:26","modified_gmt":"2022-11-17T11:25:26","slug":"eth-staking-yields-surge","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/eth-staking-yields-surge\/","title":{"rendered":"ETH staking yields surge, the highest since Ethereum merge"},"content":{"rendered":"

While the broader market reels from the effects of crypto contagion, vanilla ETH staking seems to be the way to go for many, thanks to the high yields. The APR for yields on ETH staking is now above 10%, according to the data<\/a> released by Dune Analytics, an on-chain data analytics platform.<\/p>\n

The surge in the APR aligns with the piece that we did earlier today where we discussed that despite being down month-on-month in terms of DeFi TVL, protocols like Lido and AAVE have started showing some weekly gains. With passive earning in sight, people are making use of staking services by Lido, where the APR surge was as high as 10.7%. This kind of APR concerns standard stETH stakers\u2014people who have already staked their ETH for stETH and are now using that stETH to earn higher yields.<\/p>\n

But that\u2019s not even the fun part here. The higher staking rewards aren\u2019t just synonymous with standalone staking yields. Instead, it also concerns a new product that is currently being floated in the DeFi space and termed the icETH. icETH is a recursive staking product or rather an index launched by Index Coop. And with the ETH staking yields moving at a clip, icETH is generating yields at 25.5%, according to Dune Analytics.<\/p>\n

\"ETH<\/p>\n

How does icETH work?<\/h2>\n

While people staking their Ether can get hold of stETH on platforms like Lido, Index Coop\u2019s icETH index allows them to make better use of the idle stETH.<\/p>\n

Here is more about icETH:<\/p>\n

\n

\ud83d\udce2 Introducing $icETH<\/a> \ud83e\uddca<\/p>\n

The Interest Compounding ETH Index pic.twitter.com\/68ktJPrn2H<\/a><\/p>\n

— Index Coop \ud83e\udd89 (@indexcoop) April 5, 2022<\/a><\/p><\/blockquote>\n