LSD
LSD
+3.17%
($1.91 M)
43.55%
15.00%
10.00%
9.58%
7.80%
3.02%
2.81%
1.49%
1.29%
1.13%
The current LSD Token Price is $0.0040, with a market capitalization of $1.99 M and a daily trading volume of $251.58. LSD Token Price, market capitalization, and daily trading volume are based on real-time data. Add LSD to your watchlist and track LSD Token Price live using the Flooz App.
LSD (LSD) is the token that governs the LSDx protocol, built on the Ethereum Blockchain. Besides being the governance token of the ecosystem, the LSD token can also be used for farming purposes. LSDx's primary focus is to improve the value of liquid staking derivatives (LSDs), which are synthetic assets representing staked proof-of-stake (PoS) tokens. Popular cryptocurrencies like Ethereum (ETH), Cardano (ADA), and Polkadot (DOT) are among the staked assets that LSDs can represent. These tokens are typically locked up in a staking contract to earn rewards and increase their value over time. By leveraging LSDs, investors can improve their liquidity and mitigate risks while engaging in the cryptocurrency market. Liquid staking derivatives are challenging to incorporate into decentralized finance (DeFi) protocols due to their limited liquidity. By exclusively focusing on LSD assets, LSDx can offer greater liquidity and enhance the financial opportunities available to its users. According to their roadmap, LSDx's upcoming plan is to introduce ETHx, which is a collection of assets that comprise different varieties of Ethereum-based LSD. By utilizing different kinds of Ethereum-based resources, users can create ETHx to achieve an ideal balance between liquidity, safety, interest, and DAO participation.
The LSD (LSD) founder is unknown or anonymous, which means their motives and intentions are not clear. Users should handle the project with caution and thoroughly research before investing or participating.
In the last 24h, LSD holders generated $252.00 volume.
17.52 k
We estimated the value of this pool based on the value of its stable/native coins.
Top pools
LSD / WETH
$8.78 k / $8.74 k