Lending Protocol Making $7M+ in Annualized Fees 💸
Hey everyone,
it’s Pick Day!
Every Saturday, you get deep dives on Quality Micro Altcoins with numerous growth potential included in our watchlist.
Let’s dive in!
Staking is the process of locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network.
However, once a user stakes their tokens, they are often locked and become illiquid, meaning they can't be easily accessed or sold.
Liquid staking aims to solve this problem by providing stakers with a tokenized representation of their staked assets. This token can be traded, used as collateral, or otherwise utilized in the DeFi ecosystem, making the staked assets "liquid."
In fact, LSD protocols as a category has surpassed lending, bridges and decentralized exchanges (DEXs) in total value locked (TVL), to take the top position at around $60 billion.
Here lies the opportunity of today’s pick.
In particular, our next pick is a micro-cap project offering lending, borrowing, and liquid staking services.
It has a total value locked of more than $300M, over 80,000 users, and more than 50 integrations.
Now let’s tell you which project we are talking about and share the full investment case with you: