LSDx Finance V1.2
We are excited to announce the launch of our V1.2 update, which marks a significant milestone for LSDx Finance. Our new product, ETHx, is now live, and it represents our commitment to becoming a major player in the LSD-Fi space.
What is ETHx?
ETHx is one of LSDx’s core products that allows for seamless swapping of different LSD assets. By minting ETHx tokens, users can provide liquidity and earn transaction fees and LSD rewards. The first batch of assets supported by ETHx includes ETH/stETH/frxETH/rETH. These four assets were selected because of their high liquidity and trading demand.
Embracing New Assets and Collaboration
As we traverse the ever-evolving LSD landscape, we at LSDX Finance keep our eyes peeled for emerging opportunities to expand our reach and enrich our community. We are now extending a warm welcome to other top LSD projects to join us on this exciting journey. Should any other LSD projects wish to pool their liquidity into ETHx, we invite them to reach out to us through our Discord channel, where we can collaborate and create a brighter future for all.
Farm Updates
The Genesis farm has been a tremendous success in helping us gain a large number of users and supporters over the past three weeks. However, we will be closing it with the launch of ETHx. The farming function will continue, and adjustments will be made, such as ending rewards for ETH/stETH/frxETH/rETH single token pools and adding an ETHx pool. Additionally, the emission rate of the LSD/ETH pool will be adjusted (refer to LSDx Docs).
But here’s the kicker — with ETHx, you can swap different LSD assets with minimal slippage. As the Shanghai Upgrade is approaching, this will be the fastest and most cost-effective way to withdraw your staked ETH.
The launch of ETHx is just the beginning. We will continue to introduce new products, so keep an eye on our countdown panel because Alpha may be lurking there!
Thank you for being part of the LSDx community, and we can’t wait to see what the future holds.
LSDx Website | Docs | Twitter | Discord
