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About LSD

Liquid staking protocols provide you the benefits of passive income through staking while still allowing you to retain the liquidity of your assets. Traditionally speaking, your staked funds are locked and cannot be used for anything throughout the duration of that lock up period. Through liquid staking your liquidity is returned to you via what’s called a derivative token, hence the name liquid staking derivatives. This liquidity allows you to continue earning your passive income while providing the flexibility to explore other DeFi opportunities using that derivative token. However, as is true in any facet of finance, most people do not want to actively manage their portfolio. Maybe they are not educated enough to make the most informed decision or maybe they simply want to spend their time elsewhere. In any case, the $LSD protocol works in a similar manner to an investment management group for liquid staking technology. The protocol acts as the middle man to disperse your funds into liquid staking protocols via automated proprietary smart contracts that analyze and review the best potential yield options available automatically for you.Our primary focus is on retaining the decentralization of the ETH network while innovating on top of existing liquid staking protocols. Post Shanghai, staking ratios of the total circulating ETH supply will drastically increase. Those wanting to stake will look for different protocols and platforms that can provide them that service. We must, if at all possible, not allow a single protocol or platform to manage a majority of the ETH supply. This will theoretically remove the decentralization of the network and allow one party or a small group of parties to control the entire network.$LSD is here to provide you stable, passive income while allowing you to stay liquid. However, our overall objective is to increase the security of the blockchain and protect it from centralization risks. The core mission is much larger than just innovating upon and increasing the adoption of liquid staking. We encourage you take a deep dive into the rest of this document but if you do not wish to, at least leave with this takeaway:The evolution of DeFi and passive income opportunities has brought us to the doorstep of the coming explosion of liquid staking on the ETH network. Those that provide a platform to manage, implement and innovate on these services will see large growth in 2023 and beyond while decreasing the likelihood that a single entity maintains a majority stake in the network.

Liquid Staking Derivatives (LSD) is a cryptocurrency launched in 2023. LSD has a current supply of 4.20M with 0 in circulation. The last known price of LSD is 0.016515025885 USD and is -0.000515761838 over the last 24 hours. It is currently trading on active market(s) with $268.52 traded over the last 24 hours. More information can be found at http://lsdprotocol.io.

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LSD Price Statistics
LSD’s Price Today
24h Price Change
-$0.0005157618383.03%
24h Volume
$268.5279.31%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#9788
LSD Market Cap
Market Cap
$0
Fully Diluted Market Cap
$69,363.11
LSD Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
LSD Supply
Circulating Supply
0
Total Supply
4.20M
Max Supply
4.20M
Updated Dec 28, 2024 8:06 am
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LSD
Liquid Staking Derivatives
$0.016515025885
$0.000515761838(-3.03%)
Mkt Cap $0
There's nothing here for now
StaFi to Deploy Liquid Staking as a Service Testnet Ahead of 2.0 Mainnet Launch
StaFi to Deploy Liquid Staking as a Service Testnet Ahead of 2.0 Mainnet Launch
According to Blockworks, liquid staking protocol StaFi is set to deploy its Liquid Staking as a Service (LSAAS) testnet before the rebrand and mainnet launch of StaFi 2.0. Liquid staking as a service refers to blockchain platforms that provide liquidity by minting a new token representing an underlying staked asset. This new token can be used and traded in DeFi protocols for additional revenue or rewards. The initial StaFi 2.0 testnet will support liquid staking derivatives (LSDs) from Ethereum, EVM layer-2s, and the Cosmos ecosystem. It will enable developers across these networks to experiment with StaFi's latest features and allow the protocol to work on improvements based on user suggestions. StaFi plans to launch its liquid restaked token on testnet in Q2 of this year, with the mainnet launch scheduled for Q3 of 2024. StaFi co-founder Liam Young said in a press release, 'The launch of the StaFi 2.0 testnet is a major milestone in our journey to mainnet. It's also a major boost for layer-1 blockchains seeking easier access to LSD with the vast potential this vertical holds for strengthening network security, decentralization, and opening new opportunities for yield generation.' StaFi was initially developed through Polkadot grants, and its blockchain is on Substrate, a blockchain software development kit (SDK) used to create parachains on Polkadot. The latest rebrand will position the protocol to break free from the Polkadot ecosystem and establish itself as a liquid staking derivative infrastructure platform compatible with multiple blockchain networks. In addition to supporting LSDs on Ethereum, EVM layer-2s, and Cosmos, StaFi is also exploring LSD solutions for Bitcoin, with more information expected in the coming months.
Mar 25, 2024 9:11 pm
Ethereum 34% Attack Becomes Increasingly Unlikely Due to High Costs
Ethereum 34% Attack Becomes Increasingly Unlikely Due to High Costs
According to PANews, researchers Lucas Nuzzi, Kyle Waters, and Matias Android from CoinMetrics recently published their findings on Ethereum's security, stating that a 34% attack on the blockchain is no longer feasible due to the high costs involved. The estimated duration of such an attack would be eight months, with a cost exceeding $59 billion and over 1,000 nodes and $2 million in expenses on AWS alone. Many people believe that the continuous growth of liquidity staking derivatives (LSD) poses a serious threat to the Ethereum network. However, the researchers' analysis shows that concerns about a 34% staking attack from Lido Finance validators have become unreasonable and highly exaggerated. The researchers demonstrated that not only is such an attack extremely time-consuming, but it is also very expensive for those attempting to use LSD to attack Ethereum. Time-consuming attack simulations (TCA) showed that LSDs cannot purchase access to block templates, and contrary to assumptions, attackers would need to buy Ether (ETH). Considering the dynamic slippage limits, the total attack cost for Ethereum is difficult to express as a time series, as unlike Bitcoin, a single attack may take several days. In terms of capital expenditure, it can be simply defined as the function of Ether's price and the total amount the attacker must stake. However, in terms of operational expenditure, it would be a function dependent on the number of active validators at the time of the attack and the long-term time span of cloud computing costs. Applying the data to December 31, 2023, with an Ether price of $2,279, a total locked amount of 28.8 million ETH, and 899,840 validators, it is estimated that a 34% attack on the network would cost $34.39 billion. If the attack began on December 31, 2023, the attacker would need until June 14, 2024, to breach the 33% threshold. However, as the current ETH price increases, the cost not only becomes higher but also becomes more insane and unbelievable. For example, on March 5, 2024, with an Ether price of $3,800, a total locked amount of 31.32 million ETH, or 978.88 million validators, a 34% attack on the Ethereum network would cost $59.63 billion. Furthermore, if the attacker decided to start the attack today, they would need to spend 265 days, or until November 25, 2024, to reach the 33% threshold, as only 1,800 validators join the chain daily after the Dencun upgrade. There are many assumptions and concerns about Bitcoin's 51% attack and Ethereum's 34% attack. However, the costs and benefits associated with implementing these attacks remain a mystery. The researchers introduced a novel model to quantify the costs of breaching the Byzantine fault tolerance thresholds of Bitcoin and Ethereum, including operational and capital expenditures associated with these attacks. The study challenges the view that there is a linear relationship between transaction fee income and network security, a common assumption made when discussing the decline of Bitcoin subsidies. Instead, the research suggests that block producers engage in speculative behavior before fee cycles, ultimately increasing network security even when fees are low and declining.
Mar 08, 2024 10:04 pm

Frequently Asked Questions

  • What is the all-time high price of Liquid Staking Derivatives (LSD)?

    The all-time high of LSD was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Liquid Staking Derivatives (LSD) is 0. The current price of LSD is down 0% from its all-time high.

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  • How much Liquid Staking Derivatives (LSD) is there in circulation?

    As of , there is currently 0 LSD in circulation. LSD has a maximum supply of 4.20M.

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  • What is the market cap of Liquid Staking Derivatives (LSD)?

    The current market cap of LSD is 0. It is calculated by multiplying the current supply of LSD by its real-time market price of 0.016515025885.

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  • What is the all-time low price of Liquid Staking Derivatives (LSD)?

    The all-time low of LSD was 0 , from which the coin is now up 0%. The all-time low price of Liquid Staking Derivatives (LSD) is 0. The current price of LSD is up 0% from its all-time low.

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  • Is Liquid Staking Derivatives (LSD) a good investment?

    Liquid Staking Derivatives (LSD) has a market capitalization of $0 and is ranked #9788 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Liquid Staking Derivatives (LSD) price trends and patterns to find the best time to purchase LSD.

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