💎 LSDfi & Omnichain + LayerZero 💎
These are Long-Term Narratives.
Finding strong projects that are building a financial system using Liquid Staking Tokens is a great way to get exposure to LSD Growth.
Learn more about LSD & Omnichain!
👇🧵
+ 𝗔𝗟𝗣𝗛𝗔
These are Long-Term Narratives.
Finding strong projects that are building a financial system using Liquid Staking Tokens is a great way to get exposure to LSD Growth.
Learn more about LSD & Omnichain!
👇🧵
+ 𝗔𝗟𝗣𝗛𝗔
1️⃣ LSD & LSDfi
2️⃣ Omnichain & LayerZero
3️⃣ Seneca & CDP
4️⃣ Tokenomics
5️⃣ Edge
6️⃣ Alpha
7️⃣ TL;DR
8️⃣ Conclusion
2️⃣ Omnichain & LayerZero
3️⃣ Seneca & CDP
4️⃣ Tokenomics
5️⃣ Edge
6️⃣ Alpha
7️⃣ TL;DR
8️⃣ Conclusion
1️⃣ LSD & LSDfi
𝗟𝗦𝗗
Here we are mainly talking about Ethereum Liquid Staking, but it can be extended to EVM & Non-EVM Chains.
Liquid staking is an upgrade over traditional staking that functions by enabling continued access to your staked assets.
𝗟𝗦𝗗
Here we are mainly talking about Ethereum Liquid Staking, but it can be extended to EVM & Non-EVM Chains.
Liquid staking is an upgrade over traditional staking that functions by enabling continued access to your staked assets.
Liquid Staking Derivatives (LSD) are synthetic assets that represent another asset.
Their value is based on the underlying value of the asset that they represent.
You can use an LSD to trade, lend or provide as collateral to DeFi dApps.
Their value is based on the underlying value of the asset that they represent.
You can use an LSD to trade, lend or provide as collateral to DeFi dApps.
LSD protocols as a category has surpassed DEXes & Lending Protocols in Total Value Locked (TVL), to take the top position at around $22B.
However, only ~22% of all $ETH is staked, and not all via LSD Protocols.
LSDfi is also still only a fraction of this.
However, only ~22% of all $ETH is staked, and not all via LSD Protocols.
LSDfi is also still only a fraction of this.
𝗟𝗦𝗗𝗳𝗶
Combining LSD and DeFi:
LSDfi builds on top of LSD tokens increasing the utility and opening up yield opportunities to LSD token holders.
These opportunities come in the form of borrowing against these LSD, speculation, hedging against the yield of LSD, etc.
Combining LSD and DeFi:
LSDfi builds on top of LSD tokens increasing the utility and opening up yield opportunities to LSD token holders.
These opportunities come in the form of borrowing against these LSD, speculation, hedging against the yield of LSD, etc.
2️⃣ Omnichain & LayerZero
𝗢𝗺𝗻𝗶𝗰𝗵𝗮𝗶𝗻
In today's crypto environment we have many chains, not easily connected to each other.
Because of that, liquidity eventually became fragmented across the various chains, resulting in chains being siloed from one another.
𝗢𝗺𝗻𝗶𝗰𝗵𝗮𝗶𝗻
In today's crypto environment we have many chains, not easily connected to each other.
Because of that, liquidity eventually became fragmented across the various chains, resulting in chains being siloed from one another.
Omnichain connects all chains, regardless of their smart contract technology, by creating a base layer (Layer 0) on which all other networks and dApps can be located.
Omnichain interoperability is all about developing multichain solutions which encompasses both EVM and non EVM.
Omnichain interoperability is all about developing multichain solutions which encompasses both EVM and non EVM.
𝗟𝗮𝘆𝗲𝗿𝗭𝗲𝗿𝗼
LayerZero is an open-source omnichain interoperability protocol that enables multiple blockchains to communicate cross-chain and share information seamlessly.
LayerZero was created to solve the fragmentation issue caused by blockchains’ proliferation.
LayerZero is an open-source omnichain interoperability protocol that enables multiple blockchains to communicate cross-chain and share information seamlessly.
LayerZero was created to solve the fragmentation issue caused by blockchains’ proliferation.
3️⃣ Seneca & CDP
After all that, it's easy to see why Omnichain and LSDfi are crucial Narratives.
A project fitting these narratives with strong fundamentals and a long-term vision should be a winner.
Introducing @SenecaUSD, an Omnichain CDP Protocol using Yield-Bearing Assets.
After all that, it's easy to see why Omnichain and LSDfi are crucial Narratives.
A project fitting these narratives with strong fundamentals and a long-term vision should be a winner.
Introducing @SenecaUSD, an Omnichain CDP Protocol using Yield-Bearing Assets.
𝗖𝗗𝗣
A Collateralized Debt Position (CDP) is held by locking collateral in smart contracts to generate stablecoins.
CDP protocols are projects that generate their own stablecoin through collateralized lending.
A Collateralized Debt Position (CDP) is held by locking collateral in smart contracts to generate stablecoins.
CDP protocols are projects that generate their own stablecoin through collateralized lending.
What sets Seneca apart from other CDP protocols is the fact that we can provide exotic collaterals.
And it's far from being only limited to Liquid Staking Assets:
• LSTs (stETH, rETH, frxETH, and more)
• Yield-Bearing Stablecoins
• Vault Receipts (GLP and more)
• And More
And it's far from being only limited to Liquid Staking Assets:
• LSTs (stETH, rETH, frxETH, and more)
• Yield-Bearing Stablecoins
• Vault Receipts (GLP and more)
• And More
$senUSD is Seneca's omnichain stablecoin.
senUSD is overcollateralized → value of collateral will always be larger than the outstanding senUSD debt
If the collateral value drops below a set threshold, the position is liquidated.
→ The borrowed senUSD gets forcibly repaid
senUSD is overcollateralized → value of collateral will always be larger than the outstanding senUSD debt
If the collateral value drops below a set threshold, the position is liquidated.
→ The borrowed senUSD gets forcibly repaid
𝗔𝗽𝗿𝗶𝗰𝘂𝘀 𝗖𝗵𝗮𝗺𝗯𝗲𝗿𝘀
Seneca stands in contrast to the majority of DeFi platforms, where high-risk assets can pose a threat to the entire protocol.
On Seneca, Debt against collaterals is independent.
Seneca stands in contrast to the majority of DeFi platforms, where high-risk assets can pose a threat to the entire protocol.
On Seneca, Debt against collaterals is independent.
4️⃣ Tokenomics
Total Supply: 100 000 000 $SEN.
Revenue comes from:
- Borrow Fees
- Interests
- Protocol Share of Liquidation fees
Total Supply: 100 000 000 $SEN.
Revenue comes from:
- Borrow Fees
- Interests
- Protocol Share of Liquidation fees
Small amounts will be unlocked at TGE.
$SEN will have a Fair Launch, with a Price Discovery Dynamic.
You will be able to grab $SEN at a Fair Price.
90% of the Supply is Vested, selling pressure at Launch should be pretty low.
$SEN will have a Fair Launch, with a Price Discovery Dynamic.
You will be able to grab $SEN at a Fair Price.
90% of the Supply is Vested, selling pressure at Launch should be pretty low.
5️⃣ Edge
▪️ Native Omnichain Stablecoin
▪️ Stablecoin backed by Exotic Collaterals (LSTs, Vault Receipts, Bluechip Yield-Bearing Assets)
▪️ Loan pays for itself
▪️ Early Mover: Omnichain via LayerZero
▪️ Real Yield
▪️ Revenue redistributed to holders
▪️ Native Omnichain Stablecoin
▪️ Stablecoin backed by Exotic Collaterals (LSTs, Vault Receipts, Bluechip Yield-Bearing Assets)
▪️ Loan pays for itself
▪️ Early Mover: Omnichain via LayerZero
▪️ Real Yield
▪️ Revenue redistributed to holders
▪️ Debt against collaterals is independent → Any risk associated with assets in one CDP factory does not affect the risk of assets in another.
▪️ Launch with @CamelotDEX: Big Visibility, Liquidity & Incentives
▪️ @Root_Genesis's Stem
▪️ Launch with @CamelotDEX: Big Visibility, Liquidity & Incentives
▪️ @Root_Genesis's Stem
𝗛𝗼𝘄 𝘁𝗼 𝗴𝗲𝘁 𝗔𝗵𝗲𝗮𝗱 & 𝗕𝗲𝗻𝗲𝗳𝗶𝘁 𝗳𝗿𝗼𝗺 𝗦𝗲𝗻𝗲𝗰𝗮
▪️ Try the Testnet, there might be some rewards 👀
▪️ Follow @SenecaUSD to get Alpha as soon as announced, Join the Discord & TG Channels.
▪️ Be Ready for the TGE & Purchase $SEN Early.
NFA & DYOR
▪️ Try the Testnet, there might be some rewards 👀
▪️ Follow @SenecaUSD to get Alpha as soon as announced, Join the Discord & TG Channels.
▪️ Be Ready for the TGE & Purchase $SEN Early.
NFA & DYOR
6️⃣ Alpha
▪️ Not yet widely known → Early
▪️ No Token yet → TGE November 8th
▪️ No big amounts raised by VCs → Low MCap at Launch
▪️ Only 10% of the Supply Unlocked at TGE
▪️ Fair Launch → Fair Price
▪️ Pre & Post Launch Audits
▪️ Rewards for Early Users
▪️ Capital Efficiency
▪️ Not yet widely known → Early
▪️ No Token yet → TGE November 8th
▪️ No big amounts raised by VCs → Low MCap at Launch
▪️ Only 10% of the Supply Unlocked at TGE
▪️ Fair Launch → Fair Price
▪️ Pre & Post Launch Audits
▪️ Rewards for Early Users
▪️ Capital Efficiency
7️⃣ TL;DR
8️⃣ Conclusion
This thread was made in collaboration with @SenecaUSD.
I'm working with them because Seneca is a project fitting multiple great Narratives for the next Bullrun, with Innovations & Edges.
And we're early.
As always it's NFA.
This thread was made in collaboration with @SenecaUSD.
I'm working with them because Seneca is a project fitting multiple great Narratives for the next Bullrun, with Innovations & Edges.
And we're early.
As always it's NFA.
🔸 Official Links 🔸
X: @SenecaUSD
Discord: discord.gg
Telegram: t.me
Docs: seneca-protocol-docs.gitbook.io
Website: senecaprotocol.com
X: @SenecaUSD
Discord: discord.gg
Telegram: t.me
Docs: seneca-protocol-docs.gitbook.io
Website: senecaprotocol.com
seneca-protocol-docs.gitbook.io
Seneca Protocol
Seneca Protocol is a CDP platform for yield-bearing assets. Seneca provides senUSD borrowing against...
discord.gg/senecaprotocol
Join the Seneca Discord Server!
Check out the Seneca community on Discord - hang out with 1018 other members and enjoy free voice an...
t.me/seneca_protocol
Seneca Announcements
An omni-chain isolated lending platform. Borrow, leverage & hedge with ease. https://linktr.ee/senec...
senecaprotocol.com
Seneca
Use your favourite assets as collateral to borrow senUSD, Seneca's collateral-backed stablecoin. OMN...
Find more Alpha about Promising Projects in my Newsletter:
tinyurl.com
Stay Updated on Seneca & Also find Live Alpha in my TG Channel:
bit.ly
Find out about the Catalysts & Alpha early, have your edge on the Market.
tinyurl.com
Stay Updated on Seneca & Also find Live Alpha in my TG Channel:
bit.ly
Find out about the Catalysts & Alpha early, have your edge on the Market.
That's it for today frens!
If you've found this thread useful you can follow @CryptoShiro_ for Alpha, Knowlegde & Airdrop content.
I would appreciate if you support my content by Liking/RTing the first Tweet of the thread. 👇
If you've found this thread useful you can follow @CryptoShiro_ for Alpha, Knowlegde & Airdrop content.
I would appreciate if you support my content by Liking/RTing the first Tweet of the thread. 👇
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