How to earn more ETH with ETH? Learn about these 5 strategies

ETH is the world’s first “triple-point asset”: it is a capital asset (staking ETH will provide bond-like yields), a digital commodity (used to pay gas fees), and a Non-sovereign store-of-value assets (similar to Bitcoin), all packaged into a cryptocurrency, ETH.

Additionally, most DeFi and NFT activity still occurs on the Ethereum network. So owning some ETH allows you to interact with the largest ecosystem of Dapps (decentralized applications) in existence. ETH is one of the main forms of money in the cryptoeconomy. ETH is very useful and more and more people are starting to hold ETH because they think the usefulness of this asset is just beginning. However, many of the current earning opportunities mean that you have to temporarily part with your ETH, or if things go badly, lose your ETH permanently.

For example, when joining a trading pool of a new DeFi project as its liquidity provider (LP), you are likely to face "impermanent loss" at some point, and if you withdraw when you encounter impermanent loss out of liquidity, then you may lose some ETH.

Or, maybe you bought a new NFT collectible, but then the reserve price for that NFT item has been falling over time. This can indeed happen! Buying high and selling low will cost you the cost of ETH! So if your investment thesis is "long ETH", you want to hoard ETH, and you're interested in putting your ETH holdings to work to earn more ETH, but you want to avoid more complexity and high risk strategy. So where should you look for this kind of income opportunity? Check out these top 5 opportunities to earn ETH by using ETH directly with DeFi.

1. ETH Grow Pools by Vesper
? Estimated APY: 2.31%


Strategy

Information you need to know
Vesper is a platform that provides user-friendly DeFi products, and its first product is called Grow Pools.
Vesper's Grow Pools collect users' deposits, and then put these deposits into income strategies (specifically, put users' deposits into third-party DeFi products, which are mainly used for lending and income farming of various third-party DeFi projects), and the resulting Interest earnings will be used to “buy back more of the deposit assets in the pool and translate into passive returns for pool participants.” Both conservative and aggressive strategies are optional.
The idea is that users can deposit ETH into a Vesper ETH Grow Pool and earn more ETH steadily over time. Depositors will receive vTokens (such as vETH), and your vETH holdings will track your stake in that Grwo Pool, and as the buyback progresses, this stake will grow to represent more ETH.