REMINDER: BETA DAPP IS LIVE AT https://www.lsdprotocol.io/#/dapp LIQUID ETH STAKING IS ACTIVE. $LSD STAKING COMING SOON. (Current as of 03APRIL2023)

Please note: The intent of this discussion is to summarize the $LSD protocol and vision for any newcomers or anyone who may have missed our other documentation.

For our other documentation please visit:

Website: https://www.lsdprotocol.io/

Whitepaper: https://liquid-staking-derivatives.gitbook.io/whitepaper

GitHub Codebase: https://github.com/lsderivatives/lsd

Previous Medium: https://lsderivatives.medium.com/liquid-staking-derivatives-lsd-introduction-3b821151db24

Introduction:

$LSD intends to be a groundbreaking liquid staking derivatives project that aims to revolutionize the decentralized finance (DeFi) ecosystem. At $LSD, we aggregate the best Annual Percentage Rates (APR) from existing liquid staking protocols, allowing users to maximize their returns while enjoying the numerous benefits of liquid staking derivatives. Our aim is to further deepen the decentralization of the Ethereum network and eventually multiple chains by spreading funds across multiple protocols providing higher security and diversification of user portfolios. In this article, we will provide an overview of our project, share our hopes for the future of DeFi, and outline our plans for growth in the coming years.

$LSD Synopsis:

$LSD is a next-generation liquid staking derivatives platform designed to offer users an unparalleled staking experience. By aggregating the best APR from various existing protocols, we enable users to optimize their staking returns while retaining the flexibility and liquidity offered by staking derivatives. A graphic summary of the protocol and token allocations:

Figure 1, Eth staking: Deposit ETH, receive a passive variable APR and lsETH. No time locks. Come and go as you need.

Figure 2, $LSD staking: Deposit $LSD, receive veLSD for governance voting rights and an APR multiplier on staked. $LSD staking does have variable time locks.

Figure 3: $LSD token allocation.

We are built on four core principles:

1. Accessibility: We believe that everyone should have access to financial opportunities, regardless of their background or technical expertise. We understand that the DeFi ecosystem can be intimidating for newcomers. That’s why we’ve designed $LSD with a user-friendly interface that simplifies the staking process, making it accessible to users of all experience levels.
2. Flexibility: Our platform automatically scans and aggregates the best APRs from a wide range of existing staking protocols. This ensures that users have access to the highest possible returns on their staked assets without having to manually search and compare rates across multiple protocols and platforms. Doing this allows us to diversify the investments, mitigate risks, and maneuver quickly and efficiently to maximize liquidity and returns.
3. Transparency: We are committed to maintaining transparency in all aspects of our project, from our governance model to our fee structure, ensuring that users have full visibility into the operations of $LSD.
4. Security: The safety of our users’ assets is of paramount importance to us. $LSD employs state-of-the-art security measures and will undergo regular audits to ensure that our platform remains secure and trustworthy.

A Vision for Decentralized Finance

As the founders of $LSD, we envision a future where DeFi plays a crucial role in transforming the global financial landscape. Our hope for decentralized finance lies in the following key areas:

1. Financial Inclusion: DeFi has the potential to bring financial services to billions of people worldwide who have been underserved by traditional financial institutions. $LSD aims to contribute to this goal by providing an accessible and user-friendly platform for staking and earning returns on investments.
2. Empowerment: Decentralized finance empowers individuals by giving them control over their financial decisions, allowing them to break free from the limitations of centralized systems. $LSD embodies this vision by providing users with the tools and flexibility to manage their assets and optimize their returns.
3. Innovation: DeFi is a hotbed for innovation, continually pushing the boundaries of what is possible in the financial world. $LSD aims to be at the forefront of this innovation, offering cutting-edge solutions that deliver tangible value to our users.
4. Risk management: As a relatively new and unregulated investment vehicle, DeFi offers rich opportunity but also very high risk. We understand that risk management is a crucial aspect of any investment strategy and especially important for newcomers. we strongly believe in the $LSD protocol to be a champion in safety and risk management by helping our users manage their risk more effectively, and de-risk the network from lopsided asset allocation by spreading staked assets across multiple platforms.

The goal is to return the leverageable investing power into the hands of the user by circumventing a bank or centralized application. A CEX or bank should not be needed at all to move, access, and leverage your funds.

Plans for Growth and Expansion

$LSD has ambitious plans for growth and expansion in the coming years with key initiatives designed to enhance our platform and deliver increased value to our users:

1. Integration with DeFi Protocols: We plan to integrate $LSD with leading DeFi protocols to offer users a seamless experience that combines staking opportunities with other financial services such as lending, borrowing, and yield farming.
2. Cross-Chain Compatibility: $LSD will work towards achieving cross-chain compatibility, enabling users to stake their assets across multiple networks and participate in the growth of various blockchain ecosystems.
3. Expansion of Supported Assets: As the DeFi ecosystem continues to grow, we plan to integrate an increasing number of staking protocols and supported assets. This will provide our users with even more opportunities to maximize their returns.
4. Enhanced Security and Governance: As our platform scales, we will continue to invest in the security and governance of $LSD. This includes implementing advanced security measures, conducting regular audits, and developing more sophisticated governance models that give staking derivatives holders top of the line security and governance protection.

Welcome to Liquid Staking Derivatives ($LSD). Let’s get trippy.