0xAcid Protocol (ACID), is a Protocol that Aims to Maximize the Return on LSD Assets, To List on BitMart Exchange

BitMart, a premier global digital asset trading platform, will list 0xAcid Protocol (ACID) on the launchpad at 09:00 AM, March 10, 2023 (UTC). BitMart users will be able to purchase  ACID with 20% off within a 24-hour flash sale.

What is 0xAcid Protocol (ACID)?

0xACID is a protocol that aims to maximize the return on LSD assets (such as stETH, rETH, frxETH, etc.) and provide a much higher return than ordinary LSD assets (which typically only have 4-5% APR). It will have a significant impact on the entire Ethereum L1 and L2 with the increasing of treasury ETH-related assets. The protocol holds LSD-related assets (equivalent to long-term bullish on ETH) and continuously earns real income from Ethereum nodes.

 

Vision

The ultimate objective of 0xAcid is to become the foremost native asset management protocol on the Ethereum blockchain.

Today, they aim to establish a similar model on Ethereum and become a management protocol on the Ethereum blockchain, built on decentralized technology and backed by the community. Their long-term goal is to actively participate in Ethereum’s Proof-of-Stake ecology.

Mission

The mission of the 0xAcid protocol is aligned with Ethereum’s vision for the future.

Why 0xAcid Protocol (ACID)?

Their goal is to offer comprehensive innovative features for Ethereum native assets, providing greater flexibility and control over their liquidity.

They aim to sustain the growth of the Arbitrum and Ethereum staking ecosystem. The protocol is designed to allow projects of various sizes to enter our platform with minimal restrictions. They strive to offer cutting-edge and easily integrable components for seamless integration with other protocols. Their approach involves applying transparent yield descriptions to innovative emission strategies, resulting in a sustainable token economics model that creates a positive feedback loop for Ethereum native asset yields.

The objective is to become the most extensive ETH staking yield protocol by combining LSD yields and offering higher returns through a bond pattern, leading to the accumulation of ETH and various LSD assets.

The 0xAcid protocol generates sustainable income through a combination of strategies, including:

  • Holding LSD assets: The protocol accumulates large amounts of LSD assets, such as stETH, rETH, and frxETH, to earn real Ethereum node returns.
  • Lend returns: The protocol earns interest by borrowing ETH using staked ACID and paying interest to the 0xAcid protocol.
  • DeFi returns: The protocol increases ETH returns to 10%-30% by using Treasury LSD assets in DeFi.
  • LP returns: The Treasury holds a large portion of Liquidity Provider (LP) tokens and earns ACID transaction fees through the PCL mechanism.
  • ETH appreciation returns: ACID holders have 100% protocol governance rights and Treasury ownership, and holding ACID is equivalent to being long on ETH.

The combination of these strategies can provide approximately 10% ETH returns (calculated based on the fundraising price of $ACID), and the actual returns are expected to be higher than those of ETH nodes or LSD assets. The less people who lock up $ACID, the greater the returns will be, as the ETH returns of the Treasury will be distributed to a smaller group of people.

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 9 million users worldwide and is ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 1000+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their Website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.

 

About 0xAcid Protocol (ACID)

The protocol has two native tokens, $ACID and $esACID, with $esACID being able to vest into &$ACID.

The ACID token will be quickly generated through the esACID emission system during the early days of the 0xACID protocol launch, and then the emission rate will rapidly decrease over time.

To learn more about 0xAcid Protocol (ACID), please visit their Website, follow their Twitter, and join their Telegram.

 

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