Staking goBTC and goETH for Rewards

    Algorand Week: Algomint

    Question

    AlgoMint launch rewards programs with multiple protocols throughout the Algorand ecosystem so:

    • we want to understand where is the best place to stake goBTC and goETH to earn rewards?
    • Let’s look at where other wallets are staking their goETH and goBTC to get an understanding where we should stake ours.
    • Look at items such as mint and burn actions over time as well as the amount of goBTC and goETH being staked over time to help us determine where the most popular place to stake your goETH and goBTC.
    • Additionally, are there any places not listed that you can stake your goETH and goBTC for rewards and are users staking them there?

    Tips

    • Pact LPs Algo/goBTC Algo/goETH
    • AlgoFi LPs goETH/STBL goBTC/STBL
    • Tinyman LPs ALGO/goBTC Algo/goETH
    • Folks Finance Deposit goBTC goETH

    Introduction

    Algomint is the next generation blockchain infrastructure that solves the interoperability challenge. We bring popular assets to Algorand where you can enjoy high speed and low fees in its flourishing DeFi scene.[1] Algomint empowers the next generation of DeFi by bridging popular assets like BTC, ETH, USD to Algorand, a FutureFi blockchain protocol with ultra-high speed and super low cost.[2]

    Data Analysis

    The table below shows the goBTC balance of each pool.

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    The table below shows the Algo balance of each pool.

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