Use-case

By visiting our Recipe Creator, you'll see numerous strategies that include leveraging ETH-based LSTs - let's take the "Leverage wstETH-ETH using Spark" strategy as an example:

By clicking on any of the strategies, you'll get a full breakdown including:

• The precise steps that the strategy executes

• A description of the strategy, including its use-case

Clicking on "Execute" will activate the strategy, and after signing the transaction, you'll be able to see the newly opened position on the "Portfolio" page:

Let's build a stategy from scratch that will:

• Open a CDP on Maker

• Use the debt from maker in Compound

• This will let us keep exposure to ETH while earning passive income in another protocol.

The first step would be navigating to the Recipe Creator page, and then the "Create recipe" tab:

Once here, let's start by using the "Create New Vault" action from the Maker tab:

Since we need to supply funds to the CDP, let's wrap some of our ETH in order to supply it to the CDP. We'll do this with the "Wrap ETH" action from the "Utility" tab:

Going back to the Maker tab, we'll see the "Supply collateral to Vault" action:

Now that we've added collateral, let's borrow some DAI by adding the "Generate DAI from Vault" action:

Finally, we can go ahead and supply the borrowed DAI to Compound:

We'll be able to preview the final state after the recipe, and when everything checks out, click "Execute":

We'll also be able to view both our Maker and Compound positions on the "Portfolio" page:

So, within a single transaction, and a couple of clicks, we both created a Maker position, and supplied to Compound. Thus, saving on time and gas fees.