Here’s what I’m seeing:
1. Staking ETH on Lido gives me stETH with an APR of 5.8%
2. LPing on the Curve stETH pool gives me crvSTETH with an APY of 3.02%
3. Putting crvSTETH into that Yearn vault offers an APY of 5.18%
So, which of those do I add together to figure out my total APY?
My understanding is that I can skip #1 entirely and just put ETH into the Curve stETH pool, right?
But, since it’s half ETH and half stETH, does that mean I divide that 3.02% APY by 2 to 1.51%? Or, has that already happened since the 3.02% is roughly half of the 5.8% of what Lido offers?
Then, to calculate the ultimate APR on my ETH, do I add that 3.02% (or 1.51%) from Curve to the 5.18% from Yearn? Or, is it just the final 5.18% that Yearn promises (in which case I’d be better off just staking at Lido for 5.8%)?
Thanks very much for any clarification you can offer!