LSD Track Nesting Project: Liquid pledge aggregator named LSD

Narrative of LSD

The rising popularity of the LSD circuit leads to market concentration, a large number of ETH assets are pledged to a single protocol or platform, creating property and security risks, and it is difficult to ensure decentralization. In the current LSD circuit, Lido, Coinbase and Rocket Pool, the three major agreements, account for about 85% of TVL, and Lido in particular accounts for over 60% of the market share. Pledging ETH with a single contract will always bring various risks. Therefore, LSD aggregation contract can further pledge the pledged assets into various existing contracts. On the one hand, risks can be balanced, and on the other hand, investors without sufficient time and information can be provided with a simple and reliable liquidity pledge choice.

Introduction to the LSD mechanism

The user pledges ETH into the protocol and gets Liquid Tokem lsETH. The LSD aggregator protocol automatically helps users pledge assets into LSD and repledge them into other existing protocols in the market such as LIDO, RPL, Manifold, SWISE, etc.

Users can also pledge LSD into the contract to achieve continuous revenue, while increasing the revenue multiplier of ETH pledge. Pledging and locking LSDS can earn governance token veLSD rewards for governance of DAOs. The LSD in the pledge will be locked and illiquid. This is designed to reduce the risk of malicious voting. The selection of other protocols in the aggregation protocol, the distribution of benefits, etc., will be determined by the DAO.

LSD's Tokenomics is very user-friendly, with no flow to the VC or project team. This also ensures better decentralization of LSD. LSD now supports trading on Uniswap, Max Supply is 4.2million, and each LSD transaction is subject to a 3% tax, which is used to guarantee the security of the pledge agreement fund pool.

conclusion

Mobile Pledge As the most promising DeFi track in 2023, LSD provides users with a "drop in and don't worry" automatic protocol aggregation solution. But can aggregating liquid pledge agreements really deal with the risks posed by one dominant company? Will $LSD be able to break through a dizzying array of high-revenue projects in the 2023 LSD race? By locking in the DAO pattern governed by LDS, can you guarantee the validity of the pledge mix selection in the aggregation protocol? We need to wait until LSD is actually online.

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