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The Ethereum Shanghai update just got upgraded recently.
LSDs are on the rise and starting to have higher TVL.
Let's talk about @OctoLSD
🧵🧵
#Liquidderivate #LSDs $Octo
#LSDsummerishere
LSDs are on the rise and starting to have higher TVL.
Let's talk about @OctoLSD
🧵🧵
#Liquidderivate #LSDs $Octo
#LSDsummerishere
This thread will cover
📌What are LSDs
📌The Shanghai upgrade
📌What exactly is @OctoLSD
📌How does it work?
📌Communities and Socials
📌What are LSDs
📌The Shanghai upgrade
📌What exactly is @OctoLSD
📌How does it work?
📌Communities and Socials
What are LSDs?
The Concept of LSD is so interesting
Read for better clarity!
The Concept of LSD is so interesting
Read for better clarity!
https://twitter.com/PrudentSammy/status/1620697586838679552?t=KDEgVqseujtkhSy7pbCDiA&s=19
If you are finding it difficult to understand why LSD came to rise when there's normal staking
Read about the Ethereum Merge
👇
Read about the Ethereum Merge
👇
https://twitter.com/PrudentSammy/status/1630842097757552641?t=9UFduq3owsuowqlpbUOI9g&s=19
Now, LET'S Proceed
📌What exactly is @OctoLSD?
@OctoLSD is the first LSD LAADP (LSD
Liquidity aggregation and distribution protocol), which is governed by OctoDAO and aims to unlock the great potential of LSD.
📌What exactly is @OctoLSD?
@OctoLSD is the first LSD LAADP (LSD
Liquidity aggregation and distribution protocol), which is governed by OctoDAO and aims to unlock the great potential of LSD.
HOW IS OCTO UNLOCKING THE GREAT POTENTIAL OF LSD?
By aggregating LSD assets and distributing them to various application scenarios, the
LSD LAAD protocol provides a more
efficient and accessible way to manage
and deploy LSD assets.
By aggregating LSD assets and distributing them to various application scenarios, the
LSD LAAD protocol provides a more
efficient and accessible way to manage
and deploy LSD assets.
The aim is to consolidate various LSD
assets and use a decentralized mechanism to reasonably price them as high-quality and liquidity-concentrated $OcETH,
facilitating the circulation of LSD assets in the future.
assets and use a decentralized mechanism to reasonably price them as high-quality and liquidity-concentrated $OcETH,
facilitating the circulation of LSD assets in the future.
The use of Ethereum Benchmark interest rate and bond theory is used which is about 5%.
THE AGGREGATION
With attractive APR and rich application scenarios, OctoLSD can concentrate a large number of LSD assets. By consolidating dispersed LSD, unprecedented low-slippage LSD swaps will be provided.
With attractive APR and rich application scenarios, OctoLSD can concentrate a large number of LSD assets. By consolidating dispersed LSD, unprecedented low-slippage LSD swaps will be provided.
The Swap will allow users to exchange
various underlying LSD assets through
$OCETH.
For example, you can swap StETH for rETH or swap $OcETH for stETH.
0.1% service fee will be charged for LSD swaps, which will go into the OctoLSD treasury.
various underlying LSD assets through
$OCETH.
For example, you can swap StETH for rETH or swap $OcETH for stETH.
0.1% service fee will be charged for LSD swaps, which will go into the OctoLSD treasury.
THE DISTRIBUTION
After aggregating various LSD assets, the LSD LAAD protocol will open up to various DeFi applications related to LSD, enriching the application scenarios of OcETH and providing high-quality LSD liquidity for these DeFi applications.
After aggregating various LSD assets, the LSD LAAD protocol will open up to various DeFi applications related to LSD, enriching the application scenarios of OcETH and providing high-quality LSD liquidity for these DeFi applications.
Defi protocol such as: Launchpad, stable coins and more
TOKENOMICS
Native Token: $Octo
Total supply: 1,000,000,000
1% (10,000,000 $Octo) for public sale
0.6% (6,000,000 $Octo ) for an initial supply
1% (10,000,000 $Octo) for marketing
7%(70,000,000 $Octo) for OctoDAO
90.4% (904,000,000 $Octo) will be distributed to Farm
Native Token: $Octo
Total supply: 1,000,000,000
1% (10,000,000 $Octo) for public sale
0.6% (6,000,000 $Octo ) for an initial supply
1% (10,000,000 $Octo) for marketing
7%(70,000,000 $Octo) for OctoDAO
90.4% (904,000,000 $Octo) will be distributed to Farm
PUBLIC SALE
The public sale for the Native token $octo is coming up soon.
Here are details you should know:
Hard cap: 30ETH
Initial price: 0.000003 ETH
Min Buy: 0.1ETH
Max Buy: 0.6 ETH/per time（same wallet address can participate multiple times）
Duration: 48 hours
The public sale for the Native token $octo is coming up soon.
Here are details you should know:
Hard cap: 30ETH
Initial price: 0.000003 ETH
Min Buy: 0.1ETH
Max Buy: 0.6 ETH/per time（same wallet address can participate multiple times）
Duration: 48 hours
🌟 All the raised funds from public sales will be added to LP
🌟Farming pool will be opened 2 hours after the end of the public sale.
🌟 100% of the tokens are claimable 26 hours after the end of the public sale
🌟Once hard cap is reached, no funds are acceptable.
🌟Farming pool will be opened 2 hours after the end of the public sale.
🌟 100% of the tokens are claimable 26 hours after the end of the public sale
🌟Once hard cap is reached, no funds are acceptable.
ROADMAP
A project without direction is a lost cause.
The team is focused on achieving both
short and long term goals
There are even plans to extend to other ecosystem like #Arbitrum #zkSync
A project without direction is a lost cause.
The team is focused on achieving both
short and long term goals
There are even plans to extend to other ecosystem like #Arbitrum #zkSync
LSD Summer is here!
More and more DeFi apps will issue their own LSD or compete for LSD liquidity
OctoLSD can help them attract LSD and ETH liquidity
Follow their Communities for further research and questions.
More and more DeFi apps will issue their own LSD or compete for LSD liquidity
OctoLSD can help them attract LSD and ETH liquidity
Follow their Communities for further research and questions.
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