Thread by @0xAcidDAO

🏃💧You wanted a meme token yes, but one which actually has a use case, where holders earn some real returns.

$LSDoge has a fixed total supply, no inflation, and is infinitely deflationary, making it a valuable addition to the #LSDfi ecosystem.

⬇️ Let us explain ⬇️ twitter.com/i/web/status/1…

1) Developed by @0xAcidDAO on #ARB with 5000 $ETH treasury for stable long-term ETH returns from LSD assets. Staking LSDoge allows access to treasury wstETH rewards.

2) The distribution of $LSDoge ensures fairness and equal opportunities with a fixed supply of 100T tokens. 66% via ACID bonds, and 30% via airdrop to $ARB/$AIdoge holders during the snapshot period.

3) The airdrop for $LSDoge is equivalent to 30% of the total supply, or 30 trillion tokens.

The snapshot was taken between April 20th and 23rd, so be sure to check if you are eligible!😉

4) Staking on @Camelot Dex LSDoge-ETH LP, can earn rewards in LSDoge tokens.

To obtain LP, use LSDoge tokens and ETH tokens to create LP on Camelot.

3% of the 8% transfer tax of each LSDoge transaction is allocated to LP providers.

⬇️ More on taxes below ⬇️

5) LSDoge has an 8% transfer tax - 2% is burned, 3% is allocated to LP stakers, and 3% is converted to ETH and given to 0xACID treasury for incentives.

6) Last but not least, there is also an option to exchange $ACID for LSDoge through bonding, but the exchange is limited to 3000 ACID.

What’s more important though, is that the ACID used in the exchange process will be burned, making ACID even more ‘’desirable!’’

Are you ready anon?

🏃‍♂️💧