2️⃣V2 Product
Our next feature on expanding to BNB
Currently in BNB, we can see that 14.55% of total BNB staked in the network.
With future LSDs such as ANKR and Stader coming in, we believe with more LSD projects, the percentage will increase.
To further drive that adoption, we believe LSDfi projects are a must and we intend to fill in some gap. In the current landscape LSDfi procols are focusing on the following:
Collateralizing stablecoins
Minting synthetic ETH
Tokenizing LSD yields
Optimizing LSD yields
Upfront yield procurement by locking LSDs.
Now we see DEXs on BNB integrating LP and basic Defi features to provide further utility and fee
The NBX team envisions to have its unique LSDFi to leverage the BNB network and users according to the following structure:
Project Objectives
Develop a user-friendly and secure platform for LSDfi
Allow users to fully utilize their LSDs
Features and Functionality:
Token Swapping: Users can easily swap one token for another at current market rates.
Liquidity Provision: Users can contribute to liquidity pools and earn a share of the transaction fees as incentives.
Staking: Users can stake their tokens for a specified period to earn additional tokens as rewards.
User-Friendly Interface: Develop an intuitive and user-friendly interface for both beginner and experienced users.
Security Measures: Implement industry best practices for smart contract development, conduct thorough security audits, and ensure regular updates to address vulnerabilities.
Analytics Dashboard: Provide users with real-time insights into their staking and liquidity pool contributions.
Liquidity Staking Mechanism:
Design an innovative liquidity staking mechanism that maximizes user rewards while maintaining asset liquidity.
Introduce dynamic strategies for optimizing yield and reducing risk exposure.
Monetization Strategy:
Transaction fees for staking, unstaking, and liquidity provision.
Premium features and services for advanced users.
Yield farming partnerships and strategic collaborations.
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