The following valuation method relies on the yield generated from stETH deposited by capital providers. This outlines several scenarios which are subject to ongoing community discussions. All estimates are based off of projections as documented – for educational purposes only.
Assumptions & Notes:
(1) stETH yield is 3.5% annually
(2) ETH price is $3,800
(3) Scenario 1 – GitHub Link – 7.522% of stETH yield to be paired with 50,309 MOR from Protection Fund
(4) Scenario 2 – 100% of stETH yield to be paired with 50,309 MOR from Protection Fund
| Avg Deposited stETH | 90 Day Yield (stETH) | Scenario 1 | Scenario 2 |
|---|---|---|---|
| 60,000 | 518 | $2.94 | $39.11 |
| 70,000 | 604 | $3.43 | $45.63 |
| 80,000 | 690 | $3.92 | $52.15 |
| 90,000 | 777 | $4.41 | $58.67 |
| 100,000 | 863 | $4.90 | $65.19 |
| 110,000 | 949 | $5.39 | $71.70 |
| 120,000 | 1036 | $5.88 | $78.22 |
| 122,500 | 1057 | $6.01 | $79.85 |
| 125,000 | 1079 | $6.13 | $81.48 |
| 127,500 | 1100 | $6.25 | $83.11 |