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Lyfe Staked Ethereum

With Lyfe Ether, you'll be able to earn interest on ETH in a simplified, secure, and DeFi-native manner by leveraging the Lyfebloc ecosystem to maximize staking yield.

There are three primary components to the Lyfe Ether system, Lyfe Ether (lyfeETH), Staked Lyfe Ether (slyfeETH), and the Lyfebloc ETH Minter:

  1. The lyfeETH stablecoin is loosely tied to the Ethereum
  2. With slyfeETH, the staking yield is accrued. All profits generated by Lyfebloc Ether validators are distributed to slyfeETH holders. By exchanging lyfeETH for slyfeETH, one becomes eligible for staking yield, which can be redeemed when one converts slyfeETH back to lyfeETH.
  3. The Lyfebloc ETH Minter (lyfeETHMinter) exchanges ETH for lyfeETH, bringing the ETH into the Lyfebloc ecosystem, spinning up new validator nodes when possible, and minting new lyfeETH at the rate of the sent ETH.