📔Market Background

With the rapid development and innovation in the LSD (Liquid Staking Derivatives) track, the emerging LSDFi (Liquid Staking DeFi) is increasingly attracting the attention of developers and investors. As a DeFi protocol based on LSD, it transforms staked assets on POS (Proof-of-Stake) networks into liquid tokens, aiming to improve the capital efficiency of staked assets. This allows stakers to use LST (Liquid Staking Token) / LRT (Liquid Reward Token) assets in other DeFi scenarios and earn additional returns. Meanwhile, the rise of the LSD/LRT market has significantly reduced the barriers and risks associated with staking. Users can stake any amount and redeem their assets at any time.

Currently, the total market value of POS public chains has exceeded $730 billion, with the staked amount on ETH2.0 reaching $44.08 billion. To ensure the security and decentralization of these substantial on-chain assets and fully unleash their liquidity, an efficient staking mechanism is crucial.