Name: 0xAcid
SKU: ACID
Price: 0.747208305566 USD

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

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IEO will be on BitMart. Details:<ul><li>Start time: 2023-03-10 12:00:00</li><li>End time: 2023-03-11 12:00:00</li><li>Price: 1,009.4 USDT</li><li>Tokens Offered: 4 ACID</li><li>Total Amount: 4 000 USDT</li><li>Chain: ARBI</li></ul>0xACID is a protocol that aims to maximize the return on LSD assets (such as stETH, rETH, frxETH, etc.) and provide a much higher return than ordinary LSD assets (which typically only have 4-5% APR). It will have a significant impact on the entire Ethereum L1 and L2 with the increasing of treasury ETH-related assets. The protocol holds LSD-related assets (equivalent to long-term bullish on ETH) and continuously earns real income from Ethereum nodes.

0xAcid

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

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