Liquidity Staking has always been a land full of creativity, where projects can create many different ways to optimize capital for users. Today, let’s learn about a pretty good LSDFi project called Lyve Finance
Lyve Finance Overview
What is Lyve Finance?
Lyve Finance is a CDP platform (Collateralized Debt Positions mechanism), Lyve Finance accepts LST Tokens as collateral to issue Stablecoin LYU. Some features of the project include:
- The project accepts LST tokens as collateral. When users collateralize LSTs, they will still earn the profits generated from those LSTs, while also receiving the LYU stablecoin to participate in other Defi projects.
- The project does not charge interest on loans, however users will be charged a fee of 0.5% of the loan amount. In case the loan is repaid in less than 6 months, the user will be refunded this loan fee.
Participation in Lyve Finance activities includes components such as:
- Borrowers: This is the main participant in the project, they mortgage LSTs to borrow stablecoin LYU, bringing revenue to the project
- The person who provides liquidity to the stable pool to ensure timely liquidation. In cases where a user’s collateral drops to a specified level, their assets will be liquidated. The project uses assets from a stable pool to proceed with liquidation. Liquidity providers at stable pools will enjoy a percentage discount from the collateral.
Development Roadmap
Quarter 3/2023
- Evaluating open source contracts
- Audit
- Community development
- List on Linea
- Expand Media system
- Cooperate with partners
Quarter 4/2023
- Lending support with LSTs
- Mainnet
Quarter 1/2024
- TGE
- Launching Lyve version 2
- UI redesign
Quarter 2/2024
- Introducing other LST collateral
- Lyve KNIFE
Quarter 3/2024
- Listing on Tier 1 exchanges
- Expand more features
Core Team
Update…
Investors
Update…
Tokenomics
Token information of Lyve Finance
- Project name: Lyve Finance
- Code: LYVE
- Blockchain: Ethereum
- Smartcontract: 0x0aa1582bebf8d96ea384b6829a5d41278579cd88
- Total supply: 10,000,000
Token Allocation
- Liquidity Incentive: 35%
- Public Sale: 25%
- Treasury: 15%
- Team: 15%
- Protocol Owned Liquidity: 7%
- Pyth Data Association: 3%
Token Schedule
- Liquidity Incentive: Airdrop in the future
- Public Sale: 100% Unlocked
- Treasury: Unlock 3% at TGE, remaining 2 years locked
- Team: Locked for 6 months, unlocked for 2 years
- Protocol Owned Liquidity: Lock
- Pyth Data Association: Locked for 6 months
Exchanges
Currently people can buy Lyve tokens on the Uniswap exchange
Project Information Channel
- Website: https://www.lyvefi.xyz/
- Twitter: https://twitter.com/LyveFinance
- Discord:
Summary
Lyve Finance is a very innovative project that unlocks liquidity for LST assets. Users can both earn Yield from LST and have stablecoin LYU to participate in other DeFi projects. If you are interested in the project, please follow me so you don’t miss the latest news.
