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Before now, I never believed in time traveling. I used to think it's all myths, until today!
It's really an amazing thing knowing what would happen next🤫
Discovered something scary about @asymetrix_eth, felt I should warn ya'll about😱⚠️
RT & ❤️ before you continue💜
🧵🪡

Before I tell you what I discovered about this very project, let me introduce you to what @asymetrix_eth is all about.

💎INTRODUCTION TO ASYMETRIX:
Asymetrix is cutting-edge decentralized finance (DeFi)protocol that offers its users the opportunity to earn high returns on their stETH holdings
The unique approach used by Asymetrix was inspired by a financial instrument called "Premium Bonds".

It's gradually becoming a norm in the space for projects to come and build products without sighting a clear problem and profer solutions, but the #Asymetrix team have made sure not to follow the norm, but sight a problem and offer solutions.

🤔WHAT ARE THESE PROBLEMS?
Before we proceed, you want to understand that #Asymetrix is a Liquid Staking Derivative (LSD) protocol that aims to make staking accessible for both small and big ETH investors.

Although other #LSDs have been providing solutions to locked staking and all other complexities, but these are some solutions ASYMETRIX offers;
⚕️The technical complexity of individual staking.
⚕️Less attractive ROI for small investors.
⚕️The tedious nature of the process itself.

Though one would say $Lido and other #LSDs have solved number one, but as for 2 and 3, NO.

👨‍💻HOW DOES ASYMETRIX WORK
1️⃣ Users deposit their staked ETh(stETH) in a common pool
2️⃣ The pool generates yields every 24 hours
3️⃣ Yield generated is periodically distributed between pool participants Assymetrically (Randomly)

4️⃣ Regardless of the outcome, Users always keep their Deposits and benefits from them in the event of a spike in the price of ETH. (Savings concept)
5️⃣ All users will receive rewards in $ASX tokens as initial distribution according to their stake in the pool

6️⃣ Users have the security and liberty to withdraw their assets when they chose to.
With this beautiful mechanism, both small investors with as little as 0.01 stETH can benefit from it, can be unstaked at anytime.

🔐IS ASYMETRIX SECURED?
This is one question I asked myself during my time travel and I found out their contract has already been audited by @hackenclub
More info on this:
hacken.io

hacken.io/audits/asymetr…

Asymetrix Protocol audits by Hacken

Latest audits for Asymetrix Protocol. Smart contract audits, dApp audits, bug bounties and more fore...

🪙GOVERNANCE TOKEN:
$ASX is the Governance token of #Assymetrix Protocol.
The Asymetrix protocol allows users to earn $ASX tokens on completely equal terms, as all users have the opportunity to earn $ASX regardless of the results of the draws.

📊TOKENOMICS:
Name: Assymetrix Protocol
Tag: $ASX
Chain: Ethereum
Type: ERC-20
Total supply: 100m
Distribution

💬CONCLUSION:
Coming from the future, I can tell you for sure that @asymetrix_eth turns out to be one of the best #LSDs having so much eth locked in their protocol.

Coming back to the present I found out that On the 10th of May, #Assymetrix hit a milestone of 2000 stETH locked in the protocol.
In a bear market?! What then happens in the bullrun?

🌐IMPORTANT LINKS FOR MORE RESEARCH
Website: asymetrix.io
Twitter:
Discord: discord.gg
Docs: docs.asymetrix.io