Don't get left behind! LSDfi's explosive growth means you can't afford to miss out on the next huge thing.
A comparative analysis of LSDfi space - $LUCID, $LBR, $R
Introducing @lucid_fi — the game-changer in LSDfi with its innovative approach, alpha at the end 👀
A🧵
1️⃣ LSDfi analytics
2️⃣ What is @lucid_fi?
3️⃣ Protocol features and $DUSD
4️⃣ Tokenomics
5️⃣ Roadmap
6️⃣ Conclusion
1️⃣ LSDfi Analytics:
The amount of ETH staked on LSD protocols continues to grow exponentially, reaching an impressive $19B TVL.
$LDO is leading the way, capturing a significant 79.4% market share.
The market for LSD-backed stablecoins is experiencing a surge in market capitalization, reaching a $165M mcap and $610M TVL, and competition is intensifying.
There is a clear demand for utilizing LSD tokens, with even forks gaining attention from investors.
Imo, the LSDfi market still has room to grow, and protocols that bring innovation will thrive.
Considering that the target market of LSDfi has a TVL of $19B, the current market share of LSDfi stands at just 3.15%.
Enter -------- $LUCID
2️⃣ What is @lucid_fi?
$LUCID is a borrowing/stablecoin protocol focused on LSD that aims to provide:
• Capital efficiency for LSTs, leverage with "0" fees
• Sustainable real yield
• Market expansion around $DUSD with new lending products and integration into broader DeFi
I believe one of the innovative aspects of the protocol is its ability to allow investors to provide ETH-backed LP tokens to mint $DUSD.
This can kickstart the flywheel on the protocol, targeting a market of $1B.
$LUCID will bring further capital efficiency and leverage opportunities to LSD LPers.
This will ultimately boost the user base on the protocol and increase earnings, resulting in a sustainable real yield APR for $esLUCID stakers.
3️⃣ Protocol features and $DUSD
$DUSD is the LSD-backed stablecoin of the protocol, allowing users to earn daily rebases from real yield. $DUSD comes with the following features:
• Omnichain functionality at launch
• Zero fees for minting
• Zero borrowing fees
Users can borrow/mint $DUSD with variety of collaterals ;
• wstETH
• cbETH
• rETH
• sfrxETH
• WBETH
Blue-chip LPT token collateral
• Yearn
• Curve
• Balancer
How does it restore the peg?
If $DUSD > $1, users mint DUSD with a worth of higher than $1 and sell it for profit.
If $DUSD < $1, users buy DUSD from the open market and redeem it for $1, driving the price back to $1.
What can you do with $DUSD?
☑️ Leverage
☑️ Earn $esLUCID and incentives
☑️ Rebase yield from the generated earnings through collaterals
What about LPers?
Depositors' collateral is put into Yearn, Lido, etc. to generate yield, which is distributed as $DUSD. The daily rebase function of $DUSD allows the generated yield to keep earning more yield. 👀
Depositors also earn;
☑️ $esLUCID emissions
☑️ Protocol boosts
It's important to note that each collateral yield is independent on $LUCID, ensuring that every risk taker is rewarded proportionally.
Benchmarking
$LUCID stands out from its rivals due to its added features. By supporting LP tokens for collateral and implementing a boost mechanism, it has the potential to enhance the flywheel effect.
4️⃣ Tokenomics
The distribution of supply appears to be reasonably efficient. There are no VCs involved, and the team has a 2-year vesting period.
Additionally, there is enough supply for the ecosystem to enhance the user base around $DUSD and beyond.
Users have the opportunity to stake their $LUCID for $esLUCID and enjoy the following benefits:
☑️ Earning protocol fees
☑️ Voting on protocol parameters, such as adding or removing collaterals
☑️ Boosting mechanism
5️⃣ Roadmap
In the pursuit of groundbreaking and disruptive ideas, we often overlook the value of incremental innovations.
Yet, successful roadmaps acknowledge the power of incremental innovation and embrace its immense potential.
The $LUCID team has established 5 milestones for the success of the protocol:
• Implementing Zap feature for leveraging
• Stability pool to mitigate insolvency risk
• Enabling $DUSD composability
• Introducing omnichain LPs for $DUSD
• Minting $DUSD on L2s
Alpha-1! 👀
$LUCID is currently flying under the radar in the CT. Public sale of the protocol is just around the corner. It will be FCFS.
Here are the details:
- Hardcap: 200 ETH
- MCAP/FDV: $495K/$9.5M
- Max Allocation: 5 ETH
Alpha-2! 👀
As you aware, $Pendle eco has been flourishing recently and achieving new heights. Integrating PT assets into Lucid could potentially supercharge the flywheel
Users will be able to mint with PT assets > increase on protocol earnings > higher APR for $esLUCID stakers
twitter.com/lucid_fi/status/1674337197909000192?s=20
6️⃣ Conclusion
I believe when the bulla arrives, picking up projects with a strong value proposition, solid team, sufficient runway, and promising roadmaps will greatly increase your chances of achieving Xs
Betting on $LUCID is betting on the tremendous success of LSDfi.
Disclaimer: This thread is made in collaboration with @lucid_fi.
While I may be biased, I have provided all the information to you as effectively as possible. The protocol will publish audit results before their launch, and I will be closely monitoring them.
LUCID FINANCE ---> LSDfi borrowing, Pendle PT for collaterals - follow them
@Moomsxxx
@jake_pahor
@0xTindorr
@Defi0xJeff
@chinchillah_
@belizardd
@thelearningpill
@matrixthesun
@0xCrypto_doctor
@nobrainflip
@Louround_
@DeFiMinty
@splinter0n
LUCID FINANCE ---> LSDfi borrowing, Pendle PT for collaterals - follow them
@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@CryptoGideon_
@DeFi_Finest
@DeFi_Taha
@DegenCamp
@arndxt_xo
@zucl1ck
@ardizor
@wacy_time1
@Cryptoalpharian
@the_smart_ape
@cryppinfluence
@FarmerTuHao