Thread by @nanobot_trader

🧵

🛒Two interesting #LSD projects totally under radar and worth to check:

1) $USH (@unsheth_xyz ~ $650k mkt cap)
2) @ether_fi

Details:

1) $USH (@unsheth_xyz ) -> #LSD aggregator currently in something like "genesis" phase. Almost complete product, competitor to $LSD project with mkt cap $650k (around 10 mil. tokens in circulation right now).

Wouldn't buy right now because the project is in genesis phase...

...distributing tokens to stakers with huge APYs. initial distribution before the Shanghai update is around 30% of supply (currently 10% of supply in circulation from 140 mil. tokens).

Worth to stake derivates or buy some and farm as a LP (both around 700% APR) but not worth to buy token right now with such inflation.But I'll probably talk differently in next weeks 🙂

TVL skyrocketing with daily increase around +50%:
messari.io/protocol/unshe…
But one thing is good to keep in mind: you send them your tokens (like in most of LSD) so in case of exploit or rug you can loose everything

Website: unsheth.xyz
Graph:
dexscreener.com/ethereum/0xaaf…

2) @ether_fi - liquid staking protocol where stakers keep control of their keys while delegating staking to node operators and earning rewards.

Don't have a token yet but they're in early adopters phase and state they want to rewards their early stakers (potential airdrop or...

...some other form of reward but nothing confirmed yet).

Both of these projects seems promising and comparing to what happened to $LSD in last days they could skyrocket.

But risky business on such a small caps so DYOR 👍