Thread by @Ebubechi_GMI

Liquid staking Protocols are revolutionizing the staking industry with an interestingly effective solution.

Let me introduce you to @asymetrix_eth, an LSD platform that goes beyond LSD solutions to solve the staking Trilemma while adding fun to yield distribution.

A 🧵
❤️ & 🔁

Below are the areas we'll be looking at in this thread;

•What is #Asymetrix protocol?
•How it works
•The Staking Trilemma
•#Asymetrix Solution
•Tokenomics
•Conclusion
•Important Links

🪔What Is #Asymetrix Protocol?

Asymetrix is the decentralized, non-custodial Liquid staking derivatives(LSD) protocol for asymmetric yield distribution generated from staking.

Asymmetric in the sense that its yield distribution is purely random.

🪔How It Works

Let's say Sam and 5 of his friends deposited 2 Eth each into Assymetrix Smart Contract this makes it a collective total of 12 Eth in the pool.

These 12 Eth generate an extra 2 Eth over time as a staking reward.

The protocol then collects these 2 Eth generated by the pool and distributes them fairly & randomly to either Sam or any of his friends.

They all still keep their initial deposits of 2 Eth, but one person among them is selected randomly to win the whole 2Eth staking rewards -

(Although all participants receive $ASX token according to their pool size).

🪔The Staking Trilemma

#Assymetrix aims to solve the long-existing Staking trilemma

-Simplicity
-Security
-High yields

While LSDs (@LidoFinance & @Rocket_Pool included) have brought in solutions to flexible security around staking Eth, there are still lapses in the other areas which #Assymetrix protocol aims to solve.

How are they solving this?

🪔#Asymetrix Solution

The idea is to make staking Fun and earn high yields in the process.

Here's the process in a nutshell;

1️⃣Users deposit their staked ETh(stETH) in a common pool
2️⃣ The pool generates yields every 24 hours

3️⃣ Yield generated is periodically distributed between pool participants Assymetrically(Randomly)
4️⃣ Regardless of the outcome, Users always keep their Deposits and benefits from them in the event of a spike in the price of ETH. (Savings concept).

5️⃣ All users will receive rewards in $ASX tokens as initial distribution according to their stake in the pool
6️⃣ Users have the security and liberty to withdraw their assets when they chose to.

Now let's take a look at the $ASX tokenomics 👇

🪔Tokenomics

$ASX is the native token of #Assymetrix Protocol.

The protocol aims to focus on building $ASX value in its early stages, with the adoption of the DAO governance system.

Users and pool participants will receive a share of $ASX rewards and have the liberty to make decisions to the directions that the protocol will take.

$ASX metrics:

Name: Assymetrix Protocol
Tag: $ASX
Chain: Ethereum
Type: ERC-20
Total supply: 100m

The distribution and vesting are as follows 👇;

🪔Conclusion

Like many things in modern technology, even the best solution is not always the right one for everyone.

Before using the Asymetrix protocol, I recommend that you properly position yourself as a stETH holder and understand which option is more suitable for you.

The protocol is still in its early stages but has a lot of potentials to change the Staking/Liquid staking narrative and approach in defi.

For more information check out their website and community 👇

🪔Important Links

Website: asymetrix.io

Twitter: twitter.com/asymetrix_eth

Discord: discord.gg/asymetrix

Docs: docs.asymetrix.io/what-is-asymet…