0xAcid ACID Price N/A

0xAcid protocol incorporates the design of bond, real-yield, esToken and lending to elevate LSD yields for $Acid holders.

Real-Yield

Compare to the ordinary LSD assets (e.g., stETH, cbETH, etc.) with 4% annualized yield, ACID dividend distribution mechanism brings 10%~30% ETH rewards plus additional esACID tokens to holders by locking up $ACID.

Bond

Bond is the process by which the 0xACID DAO accumulates liquidity and reserve assets and provides additional value backing to the ACID token. By acquiring more ETH-related assets, protocol can give back more to $ACID holders.

EsToken

Staking $ACID will also generate esACID in addition to the income from ETH. esACID can either be exchanged back to $ACID or represent the protocol governance rights. This can significantly reduce selling pressure on $ACID.

Lend

Lending mechanism will significantly free up ACID liquidity by allowing $ACID holders to borrow wstETH based on the backing price. At the same time, the interest charged by the lending function will generate profits for the protocol.