I’ve studied @asymetrix_eth for 200+ hours
And I still don’t think any LSD can measure to this innovation
Reading this thread can single-handedly teach you and change your life
Here’s why it’s important to you:
And I still don’t think any LSD can measure to this innovation
Reading this thread can single-handedly teach you and change your life
Here’s why it’s important to you:
1. You’ll want to understand the “WHAT”
Asymetrix is a DeFi protocol that distributes yield asymmetrically from staking rewards
Asymmetry means inequality
This line alone will allow you unlock something in the 8th tweet
Asymetrix is a DeFi protocol that distributes yield asymmetrically from staking rewards
Asymmetry means inequality
This line alone will allow you unlock something in the 8th tweet
2. You’ll want to understand the “WHY”
Why is the yield distributed asymmetrically when everybody can just get a piece?
The answer starts with a simple question
Is regular ETH staking exciting?
For large ETH stakers, it is!
But for smaller ones, it’s not the same
Here’s why:
Why is the yield distributed asymmetrically when everybody can just get a piece?
The answer starts with a simple question
Is regular ETH staking exciting?
For large ETH stakers, it is!
But for smaller ones, it’s not the same
Here’s why:
As staker myself, like thousands of others, I’ll always explore different options.
But as you explore, you find problems which cause you to stay away from certain protocols
The 3 biggest problems are these:
But as you explore, you find problems which cause you to stay away from certain protocols
The 3 biggest problems are these:
#1 High entry level & technical complexity
#2 Very small yield — a 5% yield is not so attractive to small holders
#3. It is a very tasking process
While #2 and #3 aren’t still solved, #1 was solved using this:
#2 Very small yield — a 5% yield is not so attractive to small holders
#3. It is a very tasking process
While #2 and #3 aren’t still solved, #1 was solved using this:
“Liquid Staking Providers”
- Lido
- RocketPool
- Coinbase
While problems #2 and #3 still make ETH staking an unattractive process for average holders
There was a solution :
- Lido
- RocketPool
- Coinbase
While problems #2 and #3 still make ETH staking an unattractive process for average holders
There was a solution :
“Let’s Make Staking ETH Fun & Profitable”
The simple idea behind Asymetrix was to create a protocol that would combine the solution for all three problems
Summary: Add excitement to the routine ETH staking
Here’s how (below):
The simple idea behind Asymetrix was to create a protocol that would combine the solution for all three problems
Summary: Add excitement to the routine ETH staking
Here’s how (below):
One Wins over 999% APR
Imagine 100 users deposit 1 stETH.
That'll be 100stETH in total.
100stETH generates 5 stETH as staking reward
That 5 stETH is given to a random user
The winner gets 500% while , 99 users get 0% staking reward
But something happens for the 99 users…
Imagine 100 users deposit 1 stETH.
That'll be 100stETH in total.
100stETH generates 5 stETH as staking reward
That 5 stETH is given to a random user
The winner gets 500% while , 99 users get 0% staking reward
But something happens for the 99 users…
Hold for Fun
In any outcome, all users earn ASX through initial token distribution based on their % of all stETH in the protocol.
Ex: you hold 40% of 100 stETH, you generate more distributions of ASX
This is a fun ranking method
and that’s not even all...
In any outcome, all users earn ASX through initial token distribution based on their % of all stETH in the protocol.
Ex: you hold 40% of 100 stETH, you generate more distributions of ASX
This is a fun ranking method
and that’s not even all...
Depending on ASX price & Secondary Market Liquidity
ASX tokens gives yield above the regular stETH staking APR. (above 5%)
Community tokens are distributed according to the % you hold in the Total Value Locked
All these rewards accumulate to form 999% APR
ASX tokens gives yield above the regular stETH staking APR. (above 5%)
Community tokens are distributed according to the % you hold in the Total Value Locked
All these rewards accumulate to form 999% APR
Now if you’ve gotten here
Congratulations !!
I have a surprise for you
Comment what you found interesting
Like or RT the first tweet & you’ll get something in your dm
(Only if you do all 3)
Congratulations !!
I have a surprise for you
Comment what you found interesting
Like or RT the first tweet & you’ll get something in your dm
(Only if you do all 3)
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