- Oct. 3, 2023
-- According to the official website data of 0xLSD, we have discovered that the fixed yield rate for 180 days in 0xLSD's liquidity staking market can reach an astonishing 483%. Today, we will analyze why 0xLSD can achieve such a high APY in the current sluggish LSD market.
First, let's provide a brief introduction to 0xLSD. 0xLSD is a decentralized liquidity provision protocol that supports multi-chain aggregation. It was initially built on the Binance Smart Chain (BSC) with the aim of creating stable and sustainable liquidity for the Web3 world. It has also built a comprehensive financial service system on top of its protocol.
The core source of income for 0xLSD comes from the DeFi market. De-Fi, which stands for decentralized finance, refers to the use of blockchain technology and smart contracts to create open, transparent, and permissionless financial services and products. DeFi aims to create a more inclusive and efficient financial system that does not rely on intermediaries or centralized authorities.