ETH Max Yield Index Price Today

Price ETHMAXY to USD now is $1.364.28. Trading volume by 24-hours $1.203. ETH Max Yield Index, which_ranked #10000 price is down 0% in the past 24-hours. ETH Max Yield Index has circulating supply of $0 and have $0 capitalization.

Highest price for ETH Max Yield Index

The all-time high price of ETHMAXY is $3.655.02, the record was set on the 0.

Lowest price for ETH Max Yield Index

ETHMAXY all-time low price is $881.52, the record was set on 0.

How much has the price of ETH Max Yield Index changed lately?

7 days ago the price was $1.364 , this changed the ETHMAXY price by 0%

14 days ago the price was $1.364 , this changed the ETHMAXY price by 0%

30 days ago the price was $1.364 , this changed the ETHMAXY price by 0%

60 days ago the price was $1.737 , this changed the ETHMAXY price by -27.30921%

1 days ago the price was $1.364 , this changed the ETHMAXY price by 0%

What is ETH Max Yield Index

The ETH Max Yield Index ($ETHMAXY) is an ERC-20 structured product built collaboratively by Galleon DAO & Beverage Finance natively on the Ethereum network, enabling traders to gain leveraged exposure on their staked ETH yields via stETH and Aave protocol. ETH Max Yield Index is our first mainnet structured product and the index provides a 3x+ stETH levered position. As a representation if stETH is paying 5% staking APY while borrowing ETH is <1% which means the token would get 13-15% yield on the stETH collateral using this method in one composable, ERC-20 token that can be held, transferred and integrated with other DeFi protocols. Methodology The Ethereum Max Yield Index follows a strict methodology, it is composed of stETH, deposited as collateral on Aaave, allowing ETH to be borrowed and wrapped into stETH - this process is repeated until the token is 3x+ levered. Aave's current LTV for stETH is 70% and liquidation threshold is 75%, which means stETH can be looped 3.33x - 4.