Arbitrum
0.0308
$ 1,044
$ 826.29
Socials
Period | Change | Change (%) | High | Low |
---|---|---|---|---|
24H | -$ 96.07 | -9.82% | $ 1,044 | $ 826.29 |
7D | -$ 63.31 | -6.7% | $ 1,120 | $ 632.64 |
14D | $ 84.71 | +10.6% | $ 1,700 | $ 632.64 |
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.
0xAcid's current price is $ 881.77, it has dropped -9.82% over the past 24 hours.
0xAcid's All Time High (ATH) of $ 1,700 was reached on 18 Mar 2023, and is currently -48.1% down.
The current circulating supply of 0xAcid is 5.62 Thousands tokens, and the maximum supply of 0xAcid is 7.37 Thousands.
0xAcid’s 24 hour trading volume is $ 436.94 Thousands.
0xAcid's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 4.96 Million.
You can find more details about 0xAcid on its official website and on the block explorer.