The upcoming release of $LBR v2 is causing a stir in the market.
Buckle up, as its price action could have a ripple effect on the LSDfi narrative
No worries, I've done the work so you do not have to🚀
Let's dive into 8 remarkable projects and their catalysts in this field!
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1⎜🔷 @LybraFinanceLSD - $LBR
Lybra is extremely undervalued with its 0.062 MCAP/TVL ratio. This demonstrates potential growth and an opportunity for investors who see its value.
Catalysts:
• Omnichain
• Tokenomics Upgrade
• New LSTs for collateral
• LBR wars
twitter.com/18decimals/status/1690245767053619200?s=20
2⎜🔷 @SenecaUSD - $SEN
Seneca is a CDP protocol designed for LSTs. Users will have the ability to mint $senUSD using their LSTs, such as wstETH, cbETH, LP tokens.
Catalysts:
• Omnichain
• Isolated debt mechanism
• Using LP tokens for collateral
• Low cap - 720K at TGE
twitter.com/CryptoGideon_/status/1687840939468021760?s=20
3⎜ 🔷 @raft_fi - $R
Users have the opportunity to open leverage positions using Flash Mint with its $R stablecoin up to 6x leverage.
Catalysts:
• Flash mint adoption
• Collateral expansion
• Arbitrum expansion
twitter.com/RealDegenGMX/status/1669328745596063746?s=20
5⎜ 🔷 @Adscendo_fi - $ADO
Adscendo is pushing the boundaries of capital efficiency with its latest derivative product, $lstETH offering up to 14x leverage without funding fees
Catalysts
• Unique niche product
• Introducing stablecoin 3.0 with aUSD
• Cross-chain deployment
twitter.com/RealDegenGMX/status/1688611385394253824?s=20