The most comprehensive guide to Eigenlayer + LRT airdrop, a thorough interpretation of multiple projects and their high-yield strategies

Written by: CapitalismLab

TIA breaks $20B, the airdrop expectations for ETH enhanced TIA - Eigenlayer are also very high, and there is a dual-point earning opportunity based on Eigen's LRT track. This is a relatively certain opportunity. Here we will provide the most comprehensive guide to Eigenlayer + LRT airdrop, analyzing multiple projects and their high-yield strategies from liquidity, returns, and background perspectives.

Too long to read? Here’s a summary:

Principle:

• You can deposit ETH or LST into Eigenlayer to earn points;

• LRT means you deposit ETH or LST into these projects, which then deposit into Eigenlayer, not only distributing Eigen points to you but also their own airdrop, achieving dual mining;

• LRT projects will also issue LRT tokens to you, allowing you to sell them anytime like stETH, although currently, only some projects support this;

Currently, there are four main participants, with more in development. We will continue to update this thread:

1.@ether_fi,

Good liquidity, returns, and background, suitable for both large funds and those wanting to test the waters, as exiting can be done with relatively low loss.

Additionally, by supporting Pendle, you can further increase returns by purchasing Pendle's YT. In simple terms, if you believe that EtherFi's dual-point returns before June 27 are higher than the implied APY/24.03%, buying YT can make you money, as 1 eETH's points will be given to users holding 1 YT.

For Pendle's principles, refer to this link, and we also recommend @ViNc2453's tweet.

Summary:

• Moderate scale, good liquidity, low exit loss, supports unstaking, convenient for large funds;

• Good background, with investment from Arthur Hayes;

• Currently, participation allows you to earn EigenLayer points and EtherFi's own loyal points, both with airdrop expectations;

• There are advanced strategies to increase returns, see this link for details.

2.@swellnetworkio

Large scale, moderate liquidity allows for swap exit, good background, but you need to deposit swell into Eigen on January 29 to achieve dual mining.

Swell originally focused on LST, but has grown rapidly after joining Eigenlayer, and the team has announced the launch of LRT - rswETH. Since swETH has already reached a large scale, the community has high expectations.

Currently, staking ETH as swETH or holding swETH can earn points, but it also supports DeFi to earn higher returns while gaining swell points. So far, Eigenlayer and Pendle are the mainstream options.

Since Swell actively participates in Pendle's Bribe, it has a relatively high volume and returns. You can also earn swell points through Pendle's bribe; we recommend watching @ViNc2453's tweet.

For Swell, you might consider mining on Pendle first, then deposit into Eigenlayer on January 29, or wait until January 29 or rswETH.

Summary:

• Largest scale, moderate liquidity, can exit through swap, exit loss is uncertain;

• Good background, with investment from some well-known VCs;

• Currently, participation only earns swell pearl points; after Eigenlayer opens deposits on January 29, depositing swETH into Eigenlayer will earn Eigenlayer points;

• Swell is about to launch LRT's rswETH, and participating directly after launch can also achieve dual mining, launch time is uncertain;

• There are advanced strategies to increase returns, see this link for details.

3.@KelpDAO

Background is decent, but currently cannot exit, and can earn dual points after Eigenlayer opens deposits on January 29.

KelpDAO has not yet issued LRT tokens and has no DeFi options available. If you really want to earn KelpDAO points, you can deposit stETH or ETHx to start accumulating KelpDAO points, which will automatically deposit into Eigenlayer on January 29 to enable dual mining.

Summary:

• Moderate scale, LRT not yet issued, currently cannot exit;

• A new project launched by the established Stader, which has been operating for two years;

• Currently, participation only earns KelpDAO points; after Eigenlayer opens deposits on January 29, the coins deposited will be transferred to Eigenlayer to earn dual points, and you can choose to participate then.

4.@RenzoProtocol

Small scale, currently cannot exit, not suitable for large funds with liquidity needs; it’s better to observe for a while. Background is unclear; friends who know more are welcome to add information in the comments.

The advantage is that early-stage ezpoints have double points. This project requires more DYOR, and for the project's background, it is recommended to check the official Twitter for more information.

Summary:

• Small scale, currently cannot exit, not suitable for large funds with liquidity needs; it’s better to observe for a while;

• Background is unclear; friends who know more are welcome to add information in the comments.

Overall

• In terms of flexibility, etherfi and swell are better; those wanting to familiarize themselves should try ether fi first;

• In terms of returns, etherfi and renzo can currently achieve dual mining, while others have to wait until January 29;

• In terms of background, etherfi, swell, and kelpdao are all quite good.