lsdfi

ChainCatcher message indicates that, according to SoSoValue data, the overall encrypted market sector has slightly retraced, but the ETH and LSDFi sectors have risen against the trend, with increases of 2.8% and 5.57% within 24 hours. Notably, within the sector, Lido DAO (LDO) has risen by 13.76%, and Rocket Pool (RPL) has risen by 10.90%.In addition, the SocialFi sector has increased by 1.97%, the Layer2 sector has increased by 1.86%, the DeFi sector has increased by 1.54%, and the DePIN sector has increased by 1.20%.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance has launched its governance token PRISMA on the Ethereum mainnet and announced the token contract address. According to on-chain information, the total supply of PRISMA is 300 million.According to the crypto data platform RootData, the LSD stablecoin protocol Prisma Finance is a DeFi-native protocol focused on unlocking the full potential of Ethereum liquid staking tokens (LSTs). Through Prisma, users can use liquid staking tokens as collateral to mint a fully collateralized stablecoin (acUSD). This stablecoin will be incentivized on Curve and Convex Finance, providing users with additional rewards such as trading fees, CRV, CVX, and PRISMA.

According to ChainCatcher news, the LSDFi protocol Raft has launched its native token RAFT, with use cases including staking and governance. Token holders can provide liquidity in the Balancer pool and stake their Balancer liquidity pool tokens to earn veRAFT. Holders of veRAFT can vote on key protocol decisions to drive the growth of Raft while earning RAFT token rewards.The total supply of RAFT is 2.5 billion, of which:Investor share is 25.91%Ecosystem and incentive mechanism share 21.43%Team and advisor share 19.61%Community share 16%Treasury share 15%CEX market-making fund share 2.5%

ChainCatcher news reports that, according to the official website, Lybra Finance has now integrated with the OKX Web3 wallet. Users can mint the stablecoin eUSD by collateralizing ETH, stETH, rETH, wstETH, etc., through the OKX Web3 wallet plugin, earn LBR tokens, stake LBR, and share protocol revenue, LP rewards, and more. Lybra Finance is an LSDFi stablecoin protocol, and its main business model is to mint the stablecoin eUSD by collateralizing ETH or stETH, achieving yield on the stablecoin through the repurchase of eUSD with the earnings from LSD.It is reported that the OKX Web3 wallet is a one-stop Web3 entry point, now supporting over 70 public chains, covering five major sectors: wallets, DEX, DeFi, NFT markets, and DApp exploration. It also supports the Ordinals market, MPC and AA smart contract wallets, gas exchange, hardware wallet connections, and provides users with a convenient and secure experience. (Source link)

ChainCatcher news, according to Benzinga, Mantle EcoFund has announced that it has begun deploying its capital pool totaling $200 million, and has revealed three beneficiary projects supported by its fund: the venture capital studio LiquidX focused on building Web3 companies, the decentralized money market Valent that deeply researches liquid staking derivative finance (LSDFi) and real-world assets (RWA), and the integrated on-chain asset management platform Range Protocol.

ChainCatcher message, in the past week, the TVL of the Ethereum LSD track has increased significantly, with growth mainly coming from projects such as Maverick Protocol, Lybra Finance, Curve Finance, Instadapp, and Gravita Protocol, with growth rates of 44%, 20%, 13%, 10%, and 9% respectively.Currently, the total locked value of LSD across the entire chain is $66.13 million. (source link)