Linn looking at @asymetrix_eth today:
Asymetrix’s tagline is: ADD EXCITEMENT TO THE ROUTINE ETH STAKING
Are you bored? Do you wish ETH staking added more excitement? Does DeFi feel too safe to you?
So how does it work👇
Asymetrix’s tagline is: ADD EXCITEMENT TO THE ROUTINE ETH STAKING
Are you bored? Do you wish ETH staking added more excitement? Does DeFi feel too safe to you?
So how does it work👇
Imagine 100 users each deposit 1 stETH to the Asymetrix smart contract
Total stETH deposit becomes 100 stETH
The stETH holdings generate a 5 stETH staking reward
With Asymetrix the Staking reward is distributed fairly and randomly to one winner
Total stETH deposit becomes 100 stETH
The stETH holdings generate a 5 stETH staking reward
With Asymetrix the Staking reward is distributed fairly and randomly to one winner
Winner receives an impressive 500% return on their investment
Some users may receive 0% staking rewards
All users will keep their initial deposits
Regular ETH staking may not be exciting for smaller stakers
Some users may receive 0% staking rewards
All users will keep their initial deposits
Regular ETH staking may not be exciting for smaller stakers
Problems with ETH staking for average users: technical complexity, low yield for small amounts, and tedious process
Various liquid staking providers solved problem #1
Asymetrix protocol aims to solve problems #2 and #3
Various liquid staking providers solved problem #1
Asymetrix protocol aims to solve problems #2 and #3
Asymetrix protocol combines solutions for all three problems
Hold for fun psychological gadget cultivates saving behavior
Asymetrix allows exposure to stETH and profit from its price going up
Inspiration for Asymetrix from Premium Bonds in the UK
Hold for fun psychological gadget cultivates saving behavior
Asymetrix allows exposure to stETH and profit from its price going up
Inspiration for Asymetrix from Premium Bonds in the UK
Premium Bonds have over £100 billion in assets and 22 million users so its fair to say that this is an asset class that has room for growth in DeFi
Added to this, all users will receive gov token as an initial distribution if they win or lose
Added to this, all users will receive gov token as an initial distribution if they win or lose
Does Linn have concerns?
Currently, a Haken Audit is ongoing, expected to finish in 1-2 weeks
Doxxed Team Members: CTO:
Currently, a Haken Audit is ongoing, expected to finish in 1-2 weeks
Doxxed Team Members: CTO:
While Asymetrix claims there is no downside, it does need to be mentioned that it adds smart contract risk by adding your staked ETH to their protocol
Disclaimer: This is a paid promotion for Asymetrix, payment will go to replacing the cracked screen on Linn’s Iphone, some new headphones and socks.
جاري تحميل الاقتراحات...