🏫Market Background

With the rapid development and innovation of the LSD track, the emerging LSDFi has attracted increasing attention from developers and investors.

LSDFi refers to a set of DeFi protocols based on LSD — a mechanism that converts staked assets on POS networks into liquid tokens.

The purpose of LSD is to improve the capital efficiency of staked assets, enabling stakers to use LSD in other DeFi scenarios and earn additional rewards. LSD also reduces the barriers and risks of staking. Users can stake any amount and redeem their assets at any time.

Currently, the total market value of POS public chains exceeds $500B, with ETH2.0 staking reaching $30B. To ensure the security and decentralization of these substantial on-chain assets, an efficient staking mechanism is of paramount importance. The market potential for LSD is enormous, and future data is expected to show exponential growth.