Unitus - 2023.11

LSD Lending

Liquid Stability Derivatives Lending

Liquid staking derivatives (LSDs) have been gaining momentum in the cryptocurrency market in recent years, with both centralized finance (CeFi) and decentralized finance (DeFi) platforms offering staking products in various formats to their customers.

Unitus supports the use of Lido Finance's wstETH and Rocket Pool's rETH as collateral on multiple blockchains, offering users the chance to earn additional yield on their staked assets. Furthermore, we have plans to introduce lending support for additional leading LSD assets. This expansion will provide Unitus users with a broader range of options to diversify their portfolios and manage risk effectively, allowing them to develop the most suitable investment strategies for their needs.

Through the utilization of LSD holdings, users can mint stablecoins, borrow the underlying assets, and restake them to earn leveraged staking yield. Alternatively, they can borrow other cryptocurrencies to enhance their DeFi earnings. This integration opens up new possibilities for optimizing yield within the DeFi ecosystem.

Last updated