Thread by @cyrilXBT

The #LSD narratives wave is here, and new voices are emerging.

Let's highlight some promising newcomers I discovered.

Here's a thread, feel free to RT and share with others: 🧵👇

What I'll be covering today

-Overview
- How i works
- Process
- Tokenomics
- What to expect
- Asymetrix goal

2/
@asymetrix_eth is a decentralized, non-custodial mechanism for distributing asymmetric yields obtained through staking.

Based on Ethereum, it provides a fair and transparent way for users to earn rewards for staking assets. #LSD #ASX

3/ Are you ready to see how it works?

Assume 100 people each put 1 ETH into Asymetrix's smart contract, for a total of 100 ETH. This creates an additional 5 ETH as staking rewards over time.

The 5 ETH are collected by Asymetrix, who then fairly distributes them to one lucky winner, who is awarded a staggering 500% ROI!

Only some people receive a share of the rewards; everyone else keeps their initial deposits. It's exhilarating.

4/ The Process works like this:-

• Users deposit staked ETH (stETH) into a common pool powered by a smart contract;

- Common pool generates yield every 24 hours
- Yield is periodically distributed to participants randomly and asymmetrically

- Users keep their initial deposits and can benefit from an ETH price increase

- Rewards in ASX tokens based on a stake in the protocol's TVL and emission schedule

- Deposits can be withdrawn anytime.

5/ Tokenomics

A thriving community is the backbone of any project. That's why fair token distribution is crucial.

Asymetrix protocol nails it by offering transparent and equal opportunities for users to earn ASX governance tokens.

Best part? This aligns with the protocol's main goal of promoting savings behavior.

Everyone can earn, no matter what 🚀

5/ ASX-100M tokens are public.

50% goes to the community. 40M tokens have a 12-month cliff and vest over 48 months.

Team/Founders receive 25%. Investors get the remaining 25%. Both have a 12-month cliff and 48-month vesting time.

6/ What to expect?

One size doesn't fit all in modern technology. Understanding your unique situation as a stETH holder is the key to selecting the right option for interacting with the Asymetrix protocol.

7/ Main goal:

The main goal is to Create a crypto version of Premium Bonds with many winners.

Asymetrix will distribute staking rewards to maintain basic profitability (e.g., 3% APR for ETH) while allowing for large rewards (up to $1M).

Everyone will benefit from this strategy, which will encourage users to hold ETH and secure the network through staking in exchange for the chance to win amazing, life-altering rewards.

8/ Asymetrix protocol is a decentralized and open-source software running on the Ethereum blockchain, created by anonymous crypto enthusiasts.

No individual or company controls the protocol.

9/ The Asymetrix Protocol is an excellent example of how #Defi is altering the financial landscape.

It will be interesting to see where this innovative protocol goes in the future.

10/ If you're interested in learning more about Asymetrix Protocol, you can visit their website at docs.asymetrix.io

That's it for now. If you made it this far. Thank you for your time 🫡

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