Thread by @RvCrypto

LSD is great, isn't it.... 👀

No, not the psychedelic type.

I'm talking about the LSD where you can earn #RealYield and make money without breaking the law.

@0xAcidDAO is the self-proclaimed "Best dealer of top-not LSD on #Arbitrum"

Let's take a look 🧵🧵

@0xAcidDAO What on earth is @0xAcidDAO and why is it called LSD?

First, what does LSD stand for?

Liquid Staking Derivatives, a way for users to maximize their staking rewards.

LSDs have been hot in the #DeFi space and are currently the second-highest TVL category in DeFi.

@0xAcidDAO . @0xAcidDAO utilizes its own unique revenue model to maximize the yield generated through bonds, real yield and estokens/staking.

All of this is done to benefit holders of their native token $ACID.

Let's take a look at each section 👇

@0xAcidDAO 🔸 Real Yield

Yield is what everyone is after, @0xAcidDAO does a great job of generating real yield for users.

There are five main revenue-generating strategies that they focus on, lets dive in 🏊‍♂️

@0xAcidDAO 1️⃣ $ETH Node Rewards

By holding a large amount of LSD assets such as $stETH and $rETH, the protocol is able to earn #Ethereum node rewards from these which are then paid out to $ACID holders.

@0xAcidDAO 2️⃣ Lending

@0xAcidDAO utilizes the staked $ACID by using it to borrow $ETH with the interest being paid out to the 0xAcid protocol.

This again trickles down to the $ACID stakers.

@0xAcidDAO 3️⃣ #DeFi strategies

To boost the $ETH rewards possible for users, the protocol participates in #DeFi protocols using the treasuries LSD assets.

This is expected to boost $ETH rewards from 10% right up to 30% 🤯

@0xAcidDAO 4️⃣ LP rewards

The @0xAcidDAO treasury has a large basket of LP tokens that earn transaction fees.

@0xAcidDAO 5️⃣ $ETH appreciation

With a strong conviction that $ETH will trade at higher prices, the protocol expects a return for all users as $ETH appreciates.

In a sense holding $ACID is the same as going long on $ETH, but with yield, what's not to love? 🤷‍♂️

@0xAcidDAO By utilizing all of these above strategies @0xAcidDAO can generate sustainable revenue and offer higher rewards to their holders than most other LSD platforms.

With estimated 10% returns in $ETH just by holding $ACID.

@0xAcidDAO As part of their core yield-generating strategies, @0xAcidDAO will be providing liquidity in the form of LSD tokens through @pendle_fi to maximize users' returns.

https://twitter.com/pendle_fi/status/1636730261525389312?s=20

@0xAcidDAO @pendle_fi 🔸 Bonds

Bonds are a way for @0xAcidDAO to grow their liquidity and strengthen the $ACID asset.

By acquiring LSD assets 0xAcid can raise capital and continue developing the project ensuring its longevity.

@0xAcidDAO @pendle_fi Users can buy these bonds with X amount of $ACID allocated to them with a fixed vesting schedule which can then be claimed for the full amount at the end of the vesting period.

@0xAcidDAO @pendle_fi Bonds are a great way not only for the protocol to raise funds but also for the holders to potentially earn very high rewards.

As well as bond holdings winning in this situation, 10% of bond sales go to users who have locked their $ACID in the form of $wstETH an LSD asset.

@0xAcidDAO @pendle_fi 🔸 esTokens/staking

esTokens are earned through staking $ACID which helps to support the network and earns the holder rewards.

Staking and locking $ACID tokens earns the holder not only $esACID but also earns protocol $ETH bonuses.

@0xAcidDAO @pendle_fi With 100% of the profit generated by the protocol being distributed to stakers of $ACID in the form of $ETH this is a huge earning opportunity through @0xAcidDAO.

@0xAcidDAO @pendle_fi $esACID has been designed to heavily reduce the selling pressure that can occur on staking rewards.

When staking $ACID you in return earn $esACID which must then be linearly vested over a 30-day period to convert to $ACID.

@0xAcidDAO @pendle_fi Not convinced yet?

Take a look at the amount of $ACID that has already been staked and locked.

I think that speaks for itself.

@0xAcidDAO @pendle_fi Imagine if you could also boost your yield?

Locking your $ACID in this staking protocol can also give users an impressive yield boost.

The boost and amount of bonus rewards are dictated by how long the user decides to lock their $ACID 👇

@0xAcidDAO @pendle_fi 1 Month: 15% boost
3 Months: 30% boost
6 Months: 50% boost
12 Months: 100% boost

Imagine a protocol in which you can stake your assets for 12 months to double your rewards while earning both the native token AND $ETH rewards.

Almost sounds too good to be true, doesn't it?

@0xAcidDAO @pendle_fi Well in this case it's true!

Check the amazing APR's here: 0xacid.com/app/stake

Or just check this image.

@0xAcidDAO @pendle_fi And to add to it all @0xAcidDAO is built on #Arbitrum which I'm sure you have heard is about to get roughly $1 billion+ injected into the ecosystem via the airdrop.

Will some of this trickle into @0xAcidDAO? I think so.

@0xAcidDAO @pendle_fi So to summarise what @0xAcidDAO is and why they could be a titan in the industry:

Think of it as an LSD protocol on steroids 🐂

By simply staking $ACID you can earn a whole range of LSD tokens and $esACID as the protocol utilizes multiple $ETH staking protocols.

@0xAcidDAO @pendle_fi Combine all the yield-generating strategies they have created and see how all the profits flow down to the $ACID holders.

@0xAcidDAO @pendle_fi Useful Links

Website: 0xacid.com
Twitter: twitter.com/0xAcidDAO
Docs: docs.0xacid.com
Discord: discord.com/invite/0xacid

@0xAcidDAO #acidthreadchallenge

@0xAcidDAO @pendle_fi Who might also be interested?

@LouisCooper_
@CryptoKaduna
@FungiAlpha
@monosarin
@ChadCaff
@ChillTRD
@bryptokenneth3
@DeFi_Made_Here

@0xAcidDAO @pendle_fi @LouisCooper_ @CryptoKaduna @FungiAlpha @monosarin @ChadCaff @ChillTRD @bryptokenneth3 @DeFi_Made_Here I appreciate it when you have come this far 🤝

If you don't want to miss more threads like this one, make sure to follow @RvCrypto

And please like and retweet the first tweet for the twitter algo 👇

https://twitter.com/RvCrypto/status/1638084550000623616