IntroductionLSDs, or Liquid Staking Derivatives, are the financial instruments that represents the receipt of staked tokens within DeFi. It allows the users to stake their assets like Ethereum and earn rewards, while still being able to use it else where in the DeFi ecosystem. Popular LSD protocols include Lido Finance (which issues stETH), RocketPool, and Stakewise. LSDFi, an abbreviation of LSD Finance, is a new emerging sub-sector of DeFi that builds on top of LSDs. It provides additional ...