LSDFi and ETH as the ultimate collateral asset

#LSDfi in #Ethereum is hot 🔥 like never before and stablecoins backed by LSTs are making waves across the #crypto space.These stablecoins generate consistent income through staking, making them yield-bearing assets 🤑Here's our top LSDFi projects that we are following 🧵👇

Over the past few months, the LSD stablecoin TVL has exceeded $150M+🚀This is most likely just the beginning.There are currently more than a dozen similar projects that have yet to reach their full potential.The #LSDfi narrative and battle is in full swing!

Our top picks for yield bearing LSD stablecoins:1️⃣ @CurveFinance → $crvUSD2️⃣ @raft_fi → $R3️⃣ @LybraFinanceLSD → $eUSD4️⃣ @PrismaFi → $acUSD5️⃣ @gravitaprotocol → $GRAI6️⃣ @taimoney6 → $TAI7️⃣ @lucid_fi → $DUSD

1️⃣ @CurveFinance - $crvUSDCurve's stablecoin aims to mitigate liquidation risk by automatically reallocating user collateral into more stable assets when the price experiences a decline.

$crvUSD can be minted and hence backed by these LSTs:• wstETH• sfrxETH

2️⃣ @raft_fi - $RRaft is allows users to mint the stablecoin $R by depositing LST. The protocol is the most capital-efficient Ethereum USD stablecoin, having a Flash Mint feature that allows for up to 6x leverage!Raft supports• stETH• wstETH• rETH

3️⃣ @LybraFinanceLSD - $eUSDLybra allows users to utilize $stETH as collateral for minting $eUSD. Additionally, users can earn yield from staking, and offers users zero minting fees and zero loan interest.Lybra supports• stETH• ETH

4️⃣ @PrismaFi - $acUSDPrisma enables the minting $acUSD, and incentives on Curve and Convex allow users to earn trading fees, $CRV, $CVX, and $PRISMA with #Ethereum staking rewards!Prisma supports• wstETH• cbETH• rETH• sfrxETH• wbETH

5️⃣ @gravitaprotocol - $GRAIGravita Protocol is a decentralized borrowing protocol built upon Liquity's economic model for efficient borrowing and liquidation.Gravita supports• stETH• rETH

6️⃣ @taimoney6 - $TAI$TAI is a version of the $RAI stablecoin that supports ETH LSDs and has a floating peg.Tai supports• wstETH• rETH• cbETH

7️⃣ @lucid_fi - $DUSDLucid allows you to use ETH-backed assets to borrow a stablecoin pegged to the USD that earns passive interest in your wallet. Not launched yet.Lucid supports• stETH• cbETH• rETH• frxETH• bETH