The world of LSDfi
The world of LSDfi is filled with lucrative hidden treasures
LSDfi Overview
This year, the TVL in LSDfi protocols soared to ~$1.8 billion, showing clear interest in this space. Also, about 60% of all $ETH is directly staked through smart contracts. Liquid staking is around 40% and growing.
1. @LybraFinance
$LBR
Their main mission is to create an interest-bearing stablecoin, $eUSD, that's secure, decentralized, and gives real yield to holders
Interesting fact: they didn't raise money from VCs but held an IDO, raising $480k (ROI 11.89x)
$LBR Key Metrics
• Price: $1.13
• Market Cap: $46.915m
• ATH: $4.59
• Contract: 0xed1167b6dc64e8a366db86f2e952a482d0981ebd
2. @PrismaFi
$PRISMA
A decentralized borrowing protocol where users mint a stablecoin, $mkUSD, fully collateralized by liquid staking tokens
Loans are also secured by a Stability Pool containing $mkUSD and by fellow borrowers
$PRISMA Key Metrics
• Price: $1.14
• Market Cap: $17.01m
• ATH: $18.64
• Contract: 0xda47862a83dac0c112ba89c6abc2159b95afd71c
3. @OriginProtocol
$OGN
An ecosystem project offering NFT marketplace, DeFi, and Liquid Staking
Users can stake $ETH, $stETH, $rETH, or $frxETH to get Origin Ether ($OETH)
$OGN Key Metrics
• Price: $0.154
• Market Cap: $80.09m
• ATH: $3.37
• Contract: 0x8207c1ffc5b6804f6024322ccf34f29c3541ae26
4. @pendle_fi
$PENDLE
A permissionless yield-trading protocol for various yield-management strategies
Several funding rounds with participation from top funds, including Binance Labs, http://Crypto.com, The Spartan Group
$PENDLE Key Metrics
• Price: $1.37
• Market Cap: $129.54m
• ATH: $2.45
• Contract: 0x808507121b80c02388fad14726482e061b8da827
5.@mavprotocol
$MAV
Built to enable liquid markets for traders, LPs, DAOs, and developers, powered by a Dynamic Distribution AMM
LPs play a crucial role by providing liquidity in a Maverick pool for trading, and in return, they earn trading fees
$MAV Key Metrics
• Price: $0.49
• Market Cap: $124.04m
• ATH: $0.756
• Contract: 0x7448c7456a97769f6cd04f1e83a4a23ccdc46abd
