Introduction

Overview

Liquid Staking Derivatives (LSDs) have established a stronghold in the market in recent years, it has grown in popularity in a matured protocol such as Ethereum, with more than 30% of the supply of ETH being delegated through LSD platforms. With the upcoming Shanghai upgrade and its ability to allow delegated ETH to be withdrawn, it has become increasingly irrational for DeFi users to avoid liquid staking.

Consequently, LSDs on new protocols with built-in withdrawal functions are expected to fast-track the progress of capital efficiency in the ecosystem, allowing maximum output from the resources available.

SMOOVE is a decentralised Liquid Staking Derivative (LSD) platform integrated with DeFi vaults

SMOOVE seeks to provide a platform that enhances liquidity for staked assets, maximises yields and increases the security of the network through optimised delegation metrics.