What is LSDx？
LSDx is an ultra-liquid protocol for all LSD. We aims to optimize the financial value of liquid staking liquid staking derivatives (LSD) assets, addressing their limited liquidity and lack of diverse financial scenarios that hinder their connection with various DeFi protocols.
As the adoption of proof-of-stake (PoS) as a consensus mechanism is expanding across Ethereum and other layer1 networks, the demand for LSD assets is increasing. However, the current liquidity of LSD assets is relatively scarce, which limits their potential for broader financial applications.
LSDx seeks to establish a protocol that caters specifically to LSD assets, enabling them to unlock greater liquidity and a wider range of financial scenarios, while delivering higher underlying returns. By enhancing the value proposition of LSD assets, LSDx is committed to promoting the success of LSD projects and promoting their visibility within the crypto ecosystem.