GIGAETH: Up To 69% APR on ETH & wstETH
Good news for all ETH holders: You can now supply ETH or wstETH on Hydration for GIGAETH (GETH), LP it into the Omnipool, and earn up to 69% APR. All you need to do is deposit your (wst)ETH on Hydration, and join the GIGAETH Strategy.
GIGAETH follows the price of ETH while accumulating yield from four different sources in a single token:
Staking rewards through wstETH exposure (~3.1% APR from Ethereum validators);
Lending interest from aETH positions on Hydration (variable based on borrowing demand);
Trading fees from the wstETH-aETH liquidity pool;
Additional incentives from Polkadot GIGAHydration campaign (2M DOT liquidity incentives for 6 months).
The rewards are paid out in GIGADOT - a yield-bearing token based on DOT.
How It Works
GIGAETH uses Hydration's Stablepool technology to manage the relationship between wstETH and aETH. Since wstETH appreciates in value over time while aETH increases in quantity through rebasing, the pool employs a drifting peg mechanism with price feeds from DIA oracles.
This allows the strategy to maintain proper ratios between the two yield-bearing assets while providing liquidity for trading. Users interact with a single GIGAETH token rather than managing the underlying complexity.
This technical foundation delivers several key advantages for users. GIGAETH provides simplified management by replacing multiple positions across staking and lending protocols with a single token. The strategy automatically optimizes between yield sources without user intervention, while preserving liquidity so tokens can be traded, used as collateral, or redeemed at any time. Most importantly, it offers combined exposure to earn from multiple yield sources that would otherwise require separate capital allocation.
Using GIGAETH
The flexibility of GIGAETH makes it suitable for various strategies. GIGAETH tokens can be:
Held for automatic yield accumulation;
LPed into the Omnipool for incentives farming;
Used as collateral in Hydration's borrowing markets;
Traded for other assets when needed;
Leveraged through borrowing additional ETH to purchase more GIGAETH.
The strategy suits ETH holders seeking yield optimization without active management of multiple DeFi positions.
How To Join
Deposit ETH or wstETH on Hydration (optional - you can join the strategy with any asset on Hydration);
Join the GIGAETH Stretagy on Hydration;
Track your rewards on My Liquidity page.
Building the Hydrated Future
GIGAETH represents the natural evolution of our automated strategy offerings, building on the foundation established with GIGADOT to bring sophisticated yield optimization to more corners of the DeFi ecosystem. Just as GIGADOT unlocked new possibilities for DOT holders, GIGAETH opens the door for ETH users to participate in the multi-layered yield opportunities that define modern DeFi.
This launch reinforces our commitment to making DeFi more efficient, and simple. By abstracting complexity into user-friendly, powerful tools, we're building toward a future where yield optimization, liquidity provision, and capital efficiency become as straightforward as holding a token.
Stay hydrated! 🚰