The boom of $LBR showed how much demand there is in the LSDfi sector.📊
Now imagine LSD-backed stablecoin with:
🔷Leveraged $ETH yield
While also having leveraged upside potential of $ETH 📈
This project will change the game forever👇
Now imagine LSD-backed stablecoin with:
🔷Leveraged $ETH yield
While also having leveraged upside potential of $ETH 📈
This project will change the game forever👇
1️⃣Opportunity of a lifetime
The crypto market today is in desperate need of innovative projects that connect 2 big sectors:
🔷LSDs
🔷Decentralized stablecoins
Finally, there is one gem👇
The crypto market today is in desperate need of innovative projects that connect 2 big sectors:
🔷LSDs
🔷Decentralized stablecoins
Finally, there is one gem👇
2️⃣ @Adscendo_fi
It offers:
•Leveraged $stETH (3x-6x)
•LSD-native stablecoin with leveraged $ETH staking yield (1x-5x)
This perfectly balances risk and reward.
How?👇
It offers:
•Leveraged $stETH (3x-6x)
•LSD-native stablecoin with leveraged $ETH staking yield (1x-5x)
This perfectly balances risk and reward.
How?👇
3️⃣aUSD: yield-bearing stablecoin
aUSD is for risk-averse users.
These users want to hold stablecoins to earn a higher annual return.
They can get leveraged ETH staking yield from 6%-40%
aUSD is always fully 100% backed unless ETH drops below $1300.
More details👇
aUSD is for risk-averse users.
These users want to hold stablecoins to earn a higher annual return.
They can get leveraged ETH staking yield from 6%-40%
aUSD is always fully 100% backed unless ETH drops below $1300.
More details👇
4️⃣Leveraged staking yield
There are 2 leverage factors of aUSD APR:
• $stETH price:
If the price of stETH increases = higher APR for aUSD holders.
• aUSD stake ratio
The less aUSD is staked, the higher APR of aUSD.
There are 2 leverage factors of aUSD APR:
• $stETH price:
If the price of stETH increases = higher APR for aUSD holders.
• aUSD stake ratio
The less aUSD is staked, the higher APR of aUSD.
5️⃣ lstETH
lstETH is a long derivative of $stETH with leverage of 3x-6x.
If you are bullish on $ETH long-term you can long it with lstETH.
lstETH absorbs 100% of the price volatility of stETH and gets 0% staking yield
aUSD gets staking yield👇
lstETH is a long derivative of $stETH with leverage of 3x-6x.
If you are bullish on $ETH long-term you can long it with lstETH.
lstETH absorbs 100% of the price volatility of stETH and gets 0% staking yield
aUSD gets staking yield👇
6️⃣lstETH Example
If $stETH is 1800$
lstETH is 500(1800-1300).
If $stETH goes to 3000$, you would earn 3,6x with holding lstETH.
If you held only $stETH, you would gain less than 2x.
Graphic👇
If $stETH is 1800$
lstETH is 500(1800-1300).
If $stETH goes to 3000$, you would earn 3,6x with holding lstETH.
If you held only $stETH, you would gain less than 2x.
Graphic👇
7️⃣Mint & redeem
Mint is the only way to get and increase the circulation of aUSD and lstETH
You can mint 1300 aUSD and 1 lstETH with 1 $stETH.
Same goes for redeems, but only if $stETH price is above 1300$
Mint is the only way to get and increase the circulation of aUSD and lstETH
You can mint 1300 aUSD and 1 lstETH with 1 $stETH.
Same goes for redeems, but only if $stETH price is above 1300$
8️⃣Adscendo Smart Arbitrage Mechanism
ASAM purpose is:
🔷Maintaining price stability of aUSD 🔷Generating revenue for the protocol
This is done mainly through arbitrage strategies.
Explained below👇
ASAM purpose is:
🔷Maintaining price stability of aUSD 🔷Generating revenue for the protocol
This is done mainly through arbitrage strategies.
Explained below👇
9️⃣ Tokenomics - $ADO
Max Supply: 100M
It can be converted to $esADO which is a governance & revenue share token.
I like distribution, as most of the tokens go to users, not to private/public investors.
Allocation👇
Max Supply: 100M
It can be converted to $esADO which is a governance & revenue share token.
I like distribution, as most of the tokens go to users, not to private/public investors.
Allocation👇
🔟Buybacks & burns
Increased income from $stETH is converted to $ADO.
This is done through purchasing $ADO in the secondary market.
Burning will come from esADO Vesting.
If users choose to vest with 14 days they will get only 40%
Rest will be burned🔥
Increased income from $stETH is converted to $ADO.
This is done through purchasing $ADO in the secondary market.
Burning will come from esADO Vesting.
If users choose to vest with 14 days they will get only 40%
Rest will be burned🔥
1️⃣1️⃣Roadmap🗺️
Roadmap includes:
🔷Public Sale
🔷Mainnet launch
🔷aUSD Liquidity on $CRV
🔷ADO liquidity on $UNI
🔷Cross-chain deployment
🔷lstETH Position NFT
🔷Integrate more LSDs
🔷Launch aUSD lending marketplace
and much more.
Check full details.👇
Roadmap includes:
🔷Public Sale
🔷Mainnet launch
🔷aUSD Liquidity on $CRV
🔷ADO liquidity on $UNI
🔷Cross-chain deployment
🔷lstETH Position NFT
🔷Integrate more LSDs
🔷Launch aUSD lending marketplace
and much more.
Check full details.👇
1️⃣2️⃣Thoughts
i think this project is groundbreaking.👀
You get leveraged $ETH yield on stablecoin, but also leveraged upside potential of $stETH.
If you are bullish on ETH or LSDfi sector, consider researching this gem yourself.🔎
NFA
DYOR.
i think this project is groundbreaking.👀
You get leveraged $ETH yield on stablecoin, but also leveraged upside potential of $stETH.
If you are bullish on ETH or LSDfi sector, consider researching this gem yourself.🔎
NFA
DYOR.
If you made it this far, you are in the top 1%.💎
If you enjoyed:
1. Follow me @CryptoGideon_ so you won't miss more VALUABLE threads.
2. RT the tweet below to help others find more about DeFi and crypto insights.
3. Subscribe to "Crypto Stoics" for ALPHA content🤫
If you enjoyed:
1. Follow me @CryptoGideon_ so you won't miss more VALUABLE threads.
2. RT the tweet below to help others find more about DeFi and crypto insights.
3. Subscribe to "Crypto Stoics" for ALPHA content🤫
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