If you hold spot ETH, there are a few LSD protocols where you can stake it that don't have a token (🪂):

Many of them have some sort of "points" system.

• ether fi: just announced that points<>decentralized governance. @ether_fi

• mev io: 50M TVL and backers like 0xMaki. @mevdotio

• Swell: most of you already know this one, and they have their pearl points and Voyage, but it's probably too diluted. Alpha: swETH is trading below book value, so it could be a small RFV play if you trust the team. For each swETH there is 1.04144628 ETH in backing- but you can buy one swETH with ~1.012 ETH.

• EigenLayer: this is a re-staking platform where you stake LSD tokens like stETH and rETH. Currently, there's no deposit limit available, but there was a vote to add a basket of more assets so it will be opened soon. This is the biggest opportunity - to monitor. More here: twitter.com/OlimpioCrypto/status/1721958916295180491

💡 Important: You can't unstake in any of them for now (you can in Eigen with a 7-day delay). It's one-way staking, so only put whatever you can afford to park for a few months. Also, consider smart contract risk.

If you hold ETH then you are probably staking it somewhere, the play is to diversify the ETH staking solutions into some that also might or might not do an airdrop in the future, while still earning staking APR.

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