An on-chain analyst named Lookonchain recently outlined a profitable arbitrage strategy used by an Ethereum whale involving staked ETH (stETH). According to @lookonchain, the whale exchanges ETH for stETH on a DEX at a slight premium and then redeems the stETH 1:1 for ETH via Lido. This allows the whale to pocket the spread between The post On-chain Analyst Identifies 8.6% APY Whale ETH/stETH Arbitrage Strategy appeared first on Coin Edition .