Step-by-Step Guide to Minting rariETH on Nucleus
A Complete Guide to Minting rariETH on Nucleus
DeFi Days just got more exciting with a new quest where you can earn native yield by minting rariETH! Not only do you get rewarded for participating, but there’s also an opportunity to earn a 10%+ APY* from this native yield token. Ready to join the journey? Let’s dive into the details!
*Yield expected to increase pending technical work performed by the Nucleus team to change the yield sources.
What is rariETH?
rariETH is the native yield token within the RARI ecosystem. It’s a tokenized representation of Ethereum (ETH) minted at a 1:1 ratio on Day 0, backed by deposited ETH. Designed for seamless integration with DeFi protocols, rariETH offers:
Trustless collateralization.
Compatibility across RARI ecosystem projects.
Yield generation for holders.
When you mint rariETH, you unlock new earning opportunities through staking, lending, and participating in quests like the ongoing DeFi Days challenge.
But what exactly is a native yield token?
Understanding Native Yield Tokens
A native yield token is a blockchain-based asset designed to generate yield directly within its ecosystem. Unlike traditional staking or farming rewards, native yield tokens like rariETH simplify earning mechanisms by incorporating yield generation as a core functionality.
In the case of rariETH, your minted tokens accrue value from:
Staking Rewards: Through integrations with platforms like CamelotDEX.
Lending Protocols: Via options such as Ajna Finance.
Native APY: Yield baked into the token itself.
Native yield tokens are ideal for those seeking a streamlined way to earn passive income while contributing to a decentralized ecosystem.
What is Nucleus?
Nucleus is a decentralized application designed to simplify earning opportunities in the DeFi ecosystem. It is a hub for users to mint, stake, and manage yield-generating assets like rariETH. By integrating with leading DeFi protocols, Nucleus empowers users to optimize their yield strategies with ease while contributing to the growth of decentralized finance.
Step-by-Step Guide to Minting rariETH on Nucleus
Step 1: Wrap ETH Head across to Camelot, RARI Chain’s native DEX, and make sure you’ve selected RARI Chain in the top right corner of the dApp. Select ETH as the token you’d like to sell. After this, choose WETH as the token you’d like to receive, typing in the quantity of ETH you’d like to wrap into WETH. Remember to set some ETH aside to pay for gas fees!
Then select ‘Wrap’ where the swap button usually is and sign the transaction in your wallet. You’ll shortly receive the WETH in your wallet and are then ready to move onto the next step in the tutorial.
Step 2: Access Nucleus Visit the official minting platform at Nucleus. Before proceeding, ensure your Web3 wallet (e.g., MetaMask or Zerion) is connected. For a bonus, there’s even a special quest collaboration between Zerion and Nucleus that you can join while minting.
Step 2: Deposit ETH Once connected, navigate to the rariETH minting interface. Input the amount of WETH you wish to deposit—this determines how much rariETH you’ll mint, as it’s a 1:1 ratio from Day 0. Make sure you choose RARI Chain as the chain to deposit from. Each minted token is fully backed by a selection of LSTs and LRTs, ensuring security and trust.
Step 3: Confirm Your Transaction After finalizing the amount, confirm the transaction in your wallet. Keep in mind that gas fees will apply, so ensure you have extra ETH for this step. Once the transaction is complete, your rariETH will appear in your wallet, ready to generate native yield!
Step 4: Maximize Your Yield Minting rariETH is just the beginning. Take it a step further:
Stake rariETH on CamelotDEX: Earn additional staking rewards by providing liquidity.
Lend on Ajna Finance: Generate even more yield by lending your rariETH.
Join the Leaderboard on Superboard: Through collecting DeFi Days NFTs and transacting on multiple quests, you increase your chances of earning more rewards from the ~$11k prize pool by ranking in the top 20 users on the leaderboard!
These steps not only enhance your yield but also position you as a top contender in the ongoing quest.
Why Mint rariETH?
Earn Passive Income: rariETH’s native APY and integrations offer multiple earning streams.
Contribute to DeFi: Strengthen the RARI ecosystem by participating in its decentralized initiatives.
Unlock Exclusive Rewards: The current quest offers a unique chance to win and rank on the leaderboard.
Ready to start minting? Head over to Nucleus now and join the DeFi Days quest. Don’t miss out on earning rewards while supporting the future of decentralized finance!
Got Questions? Need help along the way? Reach out to our support team on Telegram or check out the details in the Nucleus docs. Join the conversation on Twitter and let us know how rariETH enhances your DeFi journey.
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