L****** S******: Ethereum’s Hidden Gem

DeFi update: the hottest trend this year. [Altucher Confidential] April 28, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Liquid staking marries all of the best parts of staking (earning interest) with the best parts of not staking (having the freedom to sell whenever). [Hero_Image] DeFi Update: The Hottest Trend This Year James Altucher Urgent From James Altucher! [James Altucher]( Hey, it’s James Altucher. I just announced a massive new change to Altucher’s Investment Network, and as one of my readers I wanted to make sure you know what’s going on. [Click here now to see my urgent announcement.]( [James Altucher] JAMES ALTUCHER Dear Reader, If you’ve been following my calls and updates over the past few months, you’ve probably heard me talk quite a bit about staking. Staking has been the big buzzword in cryptocurrency circles over the past 6 months as Ethereum finally moved to a proof-of-stake system, and began unlocking those stakes earlier this month. A brief recap: Staking is an alternative to proof-of-work (i.e. mining), and relies on deposits by users to operate the blockchain. Without getting into too much detail, staking is a way to maintain a resilient blockchain while securely verifying transaction accuracy. Stakers place deposits as collateral which they risk losing if they cheat or break the blockchain rules. In exchange, stakers earn a steady stream of interest for their contribution. Currently, that interest rate is about 5%. Unlike other DeFi interest rates, the interest carries far less risk, is paid directly by the Ethereum blockchain, and is practically guaranteed in all but the most extreme cases (e.g. Ethereum gets hacked or one of Ethereum’s validators attempts to cheat). The downside, however, is that staking requires losing a bit of freedom. When a user deposits money to stake the Ethereum blockchain, they’ve committed their Ethereum for a certain amount of time and lose the flexibility to sell it. In some cases, it can take a day or two to withdraw Ethereum from staking. Biden Caught Red-Handed! [James Altucher]( Biden, AOC and all of their Democratic cronies were just caught RED-HANDED… Selling YOU and every American patriot despicable LIES about [so-called “green energy”](. This is the biggest “SCAM” in the history of this great country. Not only is “green energy” unreliable and inefficient… It’s also [DANGEROUS in ways you didn’t even KNOW](. Today, one man is daring to speak the truth… And revealing the secret to profiting from Biden’s ultimate blunder. [Click here to discover the TRUTH about Biden’s “Green New Scam”…]( And learn how YOU can profit from its spectacular failure. Enter liquid staking… Liquid staking marries all of the best parts of staking (earning interest) with the best parts of not staking (having the freedom to sell whenever). The way it works is that a user deposits Ethereum in a smart contract operated by a liquid staking platform like Lido. Lido then takes that Ethereum and stakes it on behalf of the user. In exchange, Lido gives the user a new coin, stETH (staked ETH). stETH is almost like an IOU from Lido. Users are free to sell their stETH whenever they like, and anyone who owns stETH can exchange them with Lido back into Ethereum. Unsurprisingly, Lido has become one of the most popular DeFi applications on the blockchain. Nearly 30% of all Ethereum currently staked is held by Lido. Users clearly love being able to earn interest while also having the flexibility to sell at any point. For Ethereum investors, the opportunity is almost a no-brainer. Although stETH is not currently available on major exchanges, Coinbase users can buy and sell cbETH, Coinbase’s own version of stETH. Although cbETH isn’t as prominent or widely used on DeFi exchanges as stETH, it still accomplishes the same goals of earning yield and providing trading flexibility. Best of all, cbETH avoids the headaches and fees associated with using decentralized exchanges. With the completion of the Shanghai merge earlier this month, Ethereum has finally begun to allow users to unlock their stake. With the development of liquid staking, users now have the option of earning interest without waiting a day or more to unlock their Ethereum. For new and existing Ethereum investors, the interest earned by replacing ETH with cbETH or stETH may be an opportunity worth looking into. Best of all, accessing cbETH is as easy as staking your ETH on Coinbase. Coinbase users have the option to withdraw their stake at any time by converting it to cbETH without having to wait for an unstaking period. Sincerely, [James Altucher] James Altucher For Altucher Confidential Urgent Notice From Paradigm CIO Zach Scheidt! [James Altucher]( Hi, Zach Scheidt here… I’m the Chief Income Officer at Paradigm Press. With inflation raging (and showing no signs of coming to an end any time soon), almost everyone in America is feeling the pain in a big way. Which is why, several months ago, I set out on a big mission… my goal was to create a [complete, step-by-step plan to surviving and beating inflation]( one that anyone could take advantage of. Today, after hundreds of hours of research, I’m revealing all of my findings. [Simply click here now to see how to survive America’s deadly inflation crisis](. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](