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Raft is a stablecoin protocol deployed on Ethereum that utilizes over-collateralization. Borrowers collateralize LSD assets to mint stablecoin R, and maintain a lower collateral ratio through mechanisms such as liquidation and reallocation. Leveraging the popularity of LSD, the project experienced rapid growth after its launch and faced fierce competition in this field. Established DeFi protocols have an advantage in terms of security. Recently, the protocol suffered from a contract vulnerability issue and was attacked by hackers. The team is currently working on a recovery plan.

Following the Ethereum Shanghai upgrade, the problem of inability to redeem LSD liquidity collateral derivatives has been resolved. As a result, the number of ETH collateral has reached new highs, and the TVL of LSDFi has rapidly increased. Prisma Finance, as a dark horse in the field, has also received considerable attention.

This article explains in detail the Lybra Finance project, an LSDfi stable currency protocol. Its main business model is to mortgage ETH or stETH to mint the stable currency eUSD, and use the proceeds of LSD to repurchase eUSD to earn interest on the stable currency. The annualized rate is between 7% and 9%. The interest on the stable currency comes from the interest on the ETH pledge. , so the higher the mortgage rate, the higher the interest. eUSD is maintained stable by over-collateralization, liquidation, and arbitrage. The LSDfi track has relatively good fundamentals, narrative value and user demand. Lybra Finance is currently the LSDfi protocol with the highest TVL. The first interest-bearing stable currency eUSD has a certain attraction for funds in the market. Therefore, this product deserves attention.

This article explains what LSD and LSDfi are, and provides a comprehensive comparison and analysis of stablecoins based on LSD.

This article aims to clarify the current state of the LSDFi track by starting with data analysis and exploring the future direction of LSDFi through specific project analysis.

Dive into the world of Wemix, a revolutionary gaming blockchain platform that addresses the challenges faced by decentralized game applications. Explore its history, inner workings, use cases, and investment potential in this comprehensive article.

Hyperledger Sawtooth is an enterprise blockchain platform that can create distributed ledger networks and applications. This article will introduce how the platform operates and its core attributes, as well as present its application scenarios.

Click the link to learn how ConsenSys Qurom bridges the gap between enterprises and the blockchain network.

The Byzantine Generals Problem has a close relationship with blockchain. A blockchain network is a distributed network where nodes, like Byzantine generals, must achieve consensus on transactions and data in an unreliable network environment.

LST-backed stablecoins use liquid staking tokens as collateral. Learn what they are, how they work, and why they matter for DeFi.

This article acknowledges meme coins as a manifestation of community culture and elucidates their interpretation within the core of the cryptocurrency industry.

Similar to the traditional liquidity token schemes for ETH, BTC liquidity staking aims to function like a savings account for Bitcoin, allowing users to deposit and withdraw at any time while earning interest. Additionally, the liquidity staking tokens can be used to earn returns in other DeFi projects (e.g., providing liquidity, lending, etc.). Staking on Babylon can be compared to a fixed-term deposit, offering higher returns but with less flexibility for withdrawals.

This article introduces the main players of LST and details the LRT concept.