Today marks the launch of EigenDA, ushering in a new era of restaking with the Liquid Restaking Tokens (LRT), which have already amassed over $15 billion in deposits. The standout feature for LRTs is their ability to access diverse risk profiles. So, how can we keep the LRTs sufficiently liquid for everyone?
In previous cycles, the typical solution would involve borrowing liquidity from CeFi lending giants since they offered the necessary structured credit loans. However, recent upheavals involving firms like Voyager, BlockFi, and 3AC have highlighted critical weaknesses in governance, risk management, transparency, and consumer protection within CeFi.
These issues underscore the importance of autonomous, permissionless DeFi strategies that optimize performance and enhance transparency for restakers and their counterparties.
After extensive research and development since last summer, we are thrilled to introduce Lucidly Finance. The platform revolutionizes DeFi’s working capital markets by offering professional-grade tools designed to rectify inefficiencies and scale staking solutions effectively.
Key Benefits of Lucidly Finance:
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Proxied Protocol-Owned Liquidity: Redesigns the concept of on-chain liquidity, enabling any DeFi protocol to access the most competitive rates, minimizing dilution for protocols paying high incentives.
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Optimal Yield Opportunities: For depositors, Lucidly ensures top yield prospects across various liquidity venues, coupled with streamlined diversification and robust risk management.
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Flexible and Predictable Liquidity Access for Protocols: Protocols can predict liquidity rates more reliably. Lucidly’s vault strategy allows them to rent and borrow liquidity across different venues (like Curve, Pendle, Ajna) without relying on traditional liquidity mining campaigns, simplifying liquidity management and optimizing distribution according to demand.
As we gear up for the next phase, we are eager to begin deployment in public markets, redefining liquidity strategies in DeFi with optimized, competitive solutions for both lenders and borrowers. Lucidly's beta version is currently undergoing audits and will soon be accessible to depositors via referral.
Lucidly Finance is set to transform the landscape of DeFi liquidity management, making it more efficient, transparent, and user-friendly for all stakeholders involved. Stay tuned as we pave the way for a more resilient and flourishing DeFi ecosystem.
POINTS POINTS POINTS
Early feedback is the most important part of phase 1, and we ensure everyone involved in the evolution of Lucidly once we start building in public markets get enough pills to escape the matrix. Anon, if you align with our vision to structure credit for onchain working capital in DeFi, here are some resources to get you started: TWITTER, FAQs
More for next week, until then happy hunting!