# Welcome to ETH Strategy

EtherStrategy (ETHSR) is a tokenized vehicle for ETH accumulation, giving ETHSR holders control of a growing pool of ETH managed through fully transparent, onchain strategies managed by the DAO.

EtherStrategy is **entirely onchain and transparent** and built to replicate the success of existing LST protocols while adding unique value accrual mechanisms for accruing more ETH.

**Statement from Token Strategy Labs, Inc.**

Token Strategy Labs, Inc. reminds participants to exercise caution and only interact with the smart contract within their personal risk tolerance. Blockchain-based systems, including this one, carry inherent risks, and all interactions should be approached with a clear understanding of those risks. There should be no expectation that ETHSR will trade at or above NAV, and it may trade below NAV. Additionally, trading for ETHSR tokens will not be enabled immediately. Smart contracts can have vulnerabilities, and participation should be based on an informed assessment rather than urgency or speculation. Participation from US persons is NOT ALLOWED.
