# afETH: Asymmetry Finance Ethereum

**afETH: Asymmetry Finance Ethereum**

afETH is a hybrid LST that harnesses the power of Curve & Convex to successfully generate market-leading yield. Asymmetry believes in real yield that is truly sustainable.&#x20;

In simple terms: afETH generates \~3x ETH staking yield (\~10% APY) due to exposure to the vlCVX portion of afETH. This means that users have exposure to the price of CVX, a blue-chip asset and a powerful driver of liquidity.

**Benefits of using afETH**

* **afETH is one of the highest-yielding LSTs by harnessing vlCVX power to offer \~10% APY yield, 3x that of regular ETH staking.**
* Earning yield is simple with afETH and 'set-and-forget', as yield is accrued via the redemption ratio.

#### Risks of using afETH

* afETH deposits are subject to up to a 16-week lock up to withdraw, dependent on vlCVX availability in the system, 'Instant Withdraw' is also available for a fee. See more in 'Locking'.
* Users are exposed to CVX (30% of the afETH position) , if ETH outperforms CVX, the redemption ratio may fall. Likewise, if CVX outperforms ETH, this will greatly benefit afETH holders too. More below on CVX-ETH correlation over time.

afETH generates \~3x ETH staking yield due to exposure to the vlCVX portion of afETH. This means that users have exposure to the price of CVX, a blue-chip asset and a powerful driver of liquidity. This means that users have additional upside as the price of CVX increases. It also means that users have an additional downside if the price of CVX decreases. However, over the last month, ETH and CVX have traded with a 0.94 correlation, meaning they have moved in lock step with each other. The impact of CVX declining in price is greatly reduced due to the 30% allocation. For example, if CVX were to decline in price by 10%, afETH would only decrease in value by  less than 3%. This decrease in value is easily made up for by the increased yield users receive, resulting in users likely still earning more ETH than they would with any other LST.

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