0xAcid protocol

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Their Official site text:

0xACID.com

https://0xAcid.com

0xAcid is a community-driven protocol that operates on both the Arbitrum and Ethereum networks, with all of the protocol's revenue distributed to $ACID stakers. The protocol has been established without VC involvement or monopolies, and boasts a fair launch that prioritizes the community's maximum benefit.

Overview

The Berkshire Hathaway of Ethereum is rising.

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. The protocol values are all denominated in ETH, focusing only on ETH growth, as we firmly believe that ETH will reach above $10,000 in the near future.

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0xAcid is a protocol that specializes in the effective management of Ethereum native assets. It offers efficient and adaptable management solutions for its users. 

By utilizing 0xAcid, you can earn higher returns compared to staking ETH to protocols like Lido, while avoiding the risk of liquidation and internal system risk. This results in a more secure and profitable staking experience.

0xAcid leverages the capabilities of multiple Ethereum staking protocols to deliver stable and sustainable native asset staking yields to its users. The protocol is designed with a focus on providing reliable returns for stakers.

By staking and locking $ACID, users are able to earn multiple times the ETH node returns, resulting in substantial returns in the form of esACID. This provides a unique opportunity for users to maximize their returns and grow their investments.

In addition to earning staking excess returns, users will also benefit from the long-term growth potential of ETH, further enhancing their investment.

In essence, $ACID is a conductor that enables long-term users to invest in ETH and receive stable and substantial cash flows.

Typical LSD assets, such as stETH and cbETH, only yield an annualized return of 4%. However, utilizing 0xACID's staking strategy and dividend mechanism, ACID stakers have the opportunity to receive significantly higher ETH yields, ranging from 10% to 30%, in addition to substantial esACID returns.

The ultimate objective of 0xAcid is to become the foremost native asset management protocol on the Ethereum blockchain. ETH is the only native asset on the Ethereum network and its asset characteristics are being continually strengthened with the ETH 2.0 upgrade plan. ETH is a valuable asset that earns the base rate of the system when participating in its security system.

The US dollar is the most widely used fiat currency in the world, and there are numerous models of US dollar management funds globally. Today, we 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. Our long-term goal is to actively participate in Ethereum's Proof-of-Stake ecology. The mission of the 0xAcid protocol is aligned with Ethereum's vision for the future.

Why do we need an Ethereum management protocol?

The implementation of an Ethereum management protocol aims to bring the benefits of Ethereum's long-term development to a wider audience, while avoiding the pitfalls of short-term interests. Additionally, the protocol provides a low barrier to entry for all Ethereum users to participate in the Proof-of-Stake ecosystem. By holding LSD assets for the long-term, the protocol aims to drive the growth and increase the value of the Ethereum network.

All assets, including Acid, will be valued in ETH, which will be beneficial for long-term ETH growth. Our singular key performance indicator (KPI) is to increase the value of ETH through any means necessary, which involves holding a growing amount of LSD assets. The protocol aims to generate yield and distribute it to all users who lock up their Acid tokens. Participants in ETH Staking can receive rewards, which incentivize the maintenance of the system's security. Our mission is to encourage more people to engage in the ETH Staking system for the long-term and to reward only those who are truly committed to long-term participation. Locking up tokens is a critical requirement that minimizes the presence of short-term profit seekers and retains the genuine participants. The ultimate objective is to control as many LSD assets as possible, enhance the security and long-term value of Ethereum, and eventually, the growth of Ethereum will benefit the protocol itself, establishing an Ethereum native asset income flywheel.

The goal of 0xAcid is to become the leading native asset management protocol on Ethereum. All assets, including Acid, will be valued in ETH, driving long-term ETH growth. The protocol's KPI is to increase the value of ETH through holding a growing amount of LSD assets. Yield is generated and distributed to users who lock up Acid tokens, incentivizing ETH Staking participation. The protocol's mission is to encourage long-term ETH Staking and reward genuine participants. The ultimate goal is to control as many LSD assets as possible, enhance Ethereum's security and value, and drive the growth of Ethereum for the benefit of the protocol.

Our Goals: 

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

We aim to sustain the growth of the Arbitrum and Ethereum staking ecosystem.

Our protocol is designed to allow projects of various sizes to enter our platform with minimal restrictions.

We strive to offer cutting-edge and easily integrable components for seamless integration with other protocols.

Our 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.

Our 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.

Real-yield

Real yield in the context of 0xacid protocol refers to the actual return on investment that a holder of the ACID token can expect to receive.

Sources of Protocol Revenue:

The real-yield flywheel of the 0xAcid Protocol represents our commitment to achieving optimal returns for our stakeholders.

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The 0xACID protocol efficiently manages multiple LSD assets and consistently earns ETH node rewards.

The Defi profits, the treasury strategy will aim for the highest return rate while ensuring asset security in Defi (90% will be invested in stable low-risk projects with stable returns, and 10% will be invested in slightly higher risk but stable return projects, including but not limited to Curve, Convex, Aura, Balancer, Pendle, Frax, AAVE, etc.).

The protocol-controlled liquidity mechanism (PCL) of 0xAcid allows for the treasury to receive the majority of swap profits, which leads to LP profits.

Through our lending module, users have the opportunity to pledge ACID and borrow WstETH. The interest generated through this process is then allocated entirely to ACID stakers.

By holding ACID, investors can benefit from the appreciation of ETH and its related assets. This is due to the fact that ACID's underlying assets are primarily composed of ETH-related assets, thereby resulting in returns that are closely linked to the performance of ETH.

Staking ACID allows users to earn high esACID returns, which can be converted to ACID for either sale or staking purposes.

Compared to the typical LSD assets that generate a 4% APR, ACID stakers can enjoy higher returns of 10% to 30% ETH APR through our staking reward mechanisms.

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.