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Liquid Staking is now the second largest crypto space after DEXes, replacing DeFi lending.
LSD is the currency in DeFi LEGO building block
On-chain income source Staking income can carry the income demand of a large number of funds on the chain; the largest source of interest has exceeded loans.
The interest rate benchmark Staking yield is much higher than the previous borrowing rate. After the upgrade in Shanghai, it can be regarded as the risk-free interest rate of the ETH standard.
Staking earnings will also be transmitted to the entire chain world through DeFi (such as lending), becoming the interest rate benchmark of the DeFi world.
One venue where users can generate additional income through LSD is through liquidity mining in the DeFi protocol. For example, ETH holders can put their ETH into Frax to earn frxETH.
These tokens can then be deposited into an ETH/frxETH Curve pool, and users can deposit Liquidity Pool ( LP ) tokens on Convex to receive rewards paid in CRV, CVX, and FXS tokens.
Alternatively, users can also pledge their frxETH into the ERC-4626 vault to mint sfrxETH (receive all pledge proceeds from the validator).
Dank protocol - LSD -based revenue differentiation protocol
Dank protocol is an open source revenue differentiation protocol based on various LSD protocols. It releases the liquidity of LSD assets through revenue differentiation and creates a revenue flywheel in the DeFi market.
Based on the LSD protocol, the Dank protocol generates principal certificate tokens and income certificates by classifying and splitting the income of the pledge certificate, innovatively adopts the differentiation rate controlled by the algorithm mechanism, and combines the risk guarantee pool with the order pool. bring more diversified income combinations to users.
Simply put, Dank Protocol is a permissionless DeFi revenue protocol in which users can implement various revenue management strategies. First, the LSD tokens that generate revenue are packaged into (standardized revenue tokens), and then, they are divided into principal and revenue parts, namely OT (principal token) and YT (revenue token), which can be customized through AMM.
Discounted forward assets
Provides Low Risk Fixed Income Rate with Steady Growth
Take advantage of risk exposure to future income streams without collateral
The Dank protocol supports the income differentiation of mainstream LSD token assets, and helps users hedging income fluctuations and maintaining stable income expectations by accessing mainstream LSD asset certificates.
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