Delphi Digital: Analyzing the Five Types of Instances of LSDFi: Interest Rate Swaps, CDP Stablecoins, Multi-Asset LSD, Money Markets, and DEX. Author: Delphi Digital

Delphi Digital analyzes five types of LSDFi instances: interest rate swaps, CDP stablecoins, multi-asset LSD, money markets, and DEX.

Delphi Digital categorizes LSDFi into five types, including Interest Rate Swaps, CDP Stablecoins, Multi-Collateral LSD, Money Markets, and DEX, and lists the top projects for each use case.

1) Interest rate swaps, protocols like Flashstake and Pendle allow LSD holders to trade their yields. Additionally, they can earn incentive rewards by providing liquidity. 2) CDP stablecoins supported by LSD. Agility, Lybra, and Raft are all CDP stablecoin protocols that allow users to mint stablecoins using LSD as collateral, with Lybra using LSD yields to create an interest-bearing stablecoin. 3) Diversified LSD, LSDx Finance, unshETH, Asymmetry Finance, and Index Coop offer diversified LSD baskets. In addition, protocols like LSDx and unshETH integrate swaps in these baskets, allowing users to earn additional swap fees and profits.

4) Money markets, Aave and Silo Finance allow LSD to be used as collateral for loans, releasing liquidity and leverage for LSD holders. It is worth noting that Aave has been used for stETH’s leveraged liquidity mining. 5) DEX, before the Shapella upgrade, Curve Finance and Balancer supported the ETH/LSD stable pool, allowing for low-slippage swaps. Additionally, Gyroscope Protocol recently launched their Elliptic Concentrated Liquidity Pools, which promise high capital efficiency for stablecoin pairs.

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Reference: https://twitter.com/Delphi_Digital/status/1667563397179666432

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