The highly anticipated Global DeFi Summit successfully concluded in Tokyo on October 10, 2023. As an internationally renowned conference in the blockchain industry, the summit brought together global blockchain elites, scientists, developers, investors, and top Web3 ecosystems represented by 0xLSD. It aimed to delve into the future development direction and investment opportunities in the DeFi field, triggering a wave of excitement and industry attention towards Web3.
During the summit, attendees thoroughly discussed the current state, trends, and future potential of the Web3 industry. Consensus was reached among participants, with a shared commitment to contribute to the industry’s development.
The CMO of the organizer, 0xLSD, delivered a keynote speech titled “Exploring the LSD Track: Challenges and Potential.” The speech provided in-depth and detailed analysis of the pain points, current development status, and future prospects of the LSD market. Furthermore, it offered insights into 0xLSD’s strategic plans and positioning within the track.
The COO of 0xLSD delivered a keynote speech titled “Advancing the 0xLSD Ecosystem” during the conference, providing in-depth insights into how 0xLSD addresses market pain points, ecosystem layout, and development vision. This presentation allowed attendees to gain a deeper understanding and recognition of 0xLSD.
Furthermore, during the summit, 0xLSD announced the upcoming launch of their Web3 social platform. This platform, built on DID and encrypted flash payment, will offer users a blockchain-based social experience with various features such as short videos, live streaming, exploration, instant messaging, rewards, purchases, and content creation.
Additionally, another significant partnership was announced: 0xLSD has established a deep collaboration with BitPay to introduce a co-branded credit card that caters to users’ Web3 spending and earning needs.
The summit also featured speeches from the founder of Terminal, a Web3 investment banking service provider, and the former Chairman of Amber Japan, Li Yijin, as well as the founder and CEO of Kekkai, Danny. They delivered presentations on the future development of DeFi and highly praised the future prospects of 0xLSD during their discussions.
Throughout the summit, attendees engaged in discussions and exchanges, expressing their appreciation for the valuable opportunity 0xLSD provided them to gain a deeper understanding of the blockchain and artificial intelligence fields. The summit not only broadened their horizons but also highlighted the unique position and importance of DeFi in the blockchain industry.
Through the Tokyo Summit, the 0xLSD ecosystem received affirmation and recognition from industry peers in Tokyo and Web3 users. Additionally, numerous ecosystem users and partners were captured, which holds significant importance for the long-term development of the 0xLSD ecosystem.
In conclusion, the successful conclusion of the summit not only showcased the diverse ecosystem of 0xLSD but also indicated a new development direction for the DeFi sector. The future of decentralized finance will become even more diverse.
Overview of 0xLSD’s New Business Matrix
Currently, 0xLSD’s business logic includes:
- DEX Liquidity
- Cross-Chain Bridge
- Lending
- NFT Aggregator
- Web3 Social Platform
The Vault are one of the core revenue components of 0xLSD. Powered by an AI system, the protocol automatically generates profits by utilizing various farming methods such as LP (liquidity provider) and staking, leveraging a vast array of profit strategies from different DeFi protocols. By intelligently switching between different pools, it can achieve exceptionally high mining returns.
0xLSD is focusing on the DEX (decentralized exchange) field. Through its AI system, it continuously provides positions in different types of DEX, including spot and derivatives, and generates profits through various DEX trading strategies. In this process, it brings massive liquidity to DEX.
By leveraging its AI system’s market judgment, 0xLSD can anticipate profits in advance and execute optimal trading strategies, achieving a win-win outcome.
Cross-Chain Bridge
The liquidity system of 0xLSD is not limited to a single blockchain ecosystem. It has built a cross-chain bridge that connects different blockchains, allowing liquidity to flow across all chains. This bridge enables users to perform low-slippage, low-fee cross-chain swaps.
The cross-chain bridge supports not only EVM (Ethereum Virtual Machine) chains but also incorporates new technological solutions to bridge non-EVM chains into its system. This cross-chain bridge system also serves as one of the potential revenue streams for 0xLSD.
When users engage in cross-chain or inter-chain transactions, the cross-chain bridge facility provides efficient cross-chain support. The AI helps users select the optimal, safest, and lowest fee nodes. Additionally, as the volume of cross-chain funds grows, users can customize fees based on efficiency.
Throughout this process, as the user base scales, the 0xLSD system can generate revenue from fees, spreads, and other avenues.
The cross-chain bridge for collateralized asset swaps aims to address the liquidity imbalance between different chains and facilitate better liquidity sharing among different blockchain ecosystems.
Credit Lending
The lending platform of 0xLSD is one of its derivative products. The lending protocol supports borrowing through over-collateralization and offers higher collateralization ratios compared to other lending protocols. The funds obtained through lending are utilized in the yield farming pools, DEX, and other sectors, with profits distributed to the users.
To build a credit lending system, we have introduced a DID (Decentralized Identifier) system.
Users can establish a credit identity (linked to their Web2 identity) and user profiles within this system. This information is stored in a distributed manner. The DID account system utilizes MPC (Multi-Party Computation) technology to construct a new verification solution that ensures data is only accessible to users and remains confidential.
Based on this DID system, 0xLSD allows users to borrow without collateral. As users engage in multiple borrowing transactions, their credit scores and borrowing limits increase. This new Web3 credit mechanism is expected to incentivize user participation in investments and contribute to the overall liquidity of the system.
NFT Aggregation Marketplace
0xLSD has established an NFT marketplace aggregator that connects to various NFT marketplaces. It provides real-time price quotes for individual NFT assets across the entire network, facilitating NFT market liquidity.
Our NFT aggregator introduces a new listing mechanism that allows users to list assets and choose 0xLSD to make an upfront payment of 20% to 30% of the total price. Users receive the remaining payment upon complete transaction completion. During the listing period, users can continue to adjust the price. This innovative approach reduces the time it takes to sell NFT assets and further enhances liquidity. 0xLSD earns revenue through a portion of the transaction fees.
Social Entertainment Platform
0xLSD has launched a social platform centered around short video content. It incorporates features such as live streaming, social networking, instant messaging, and an online marketplace, while also providing diverse payment options and mini-program interfaces. These unique features, along with the utilization of blockchain, AI, NFT, and other technologies, aim to provide users and partners with a more interactive experience and a richer commercial ecosystem.
The 0xLSD video platform offers various functions like shooting, editing, adding music, special effects, and social sharing, enabling users to create, share, and enjoy interesting and creative short videos. The application allows users to interact with and communicate with content creators in real-time through the live streaming module, where creators can showcase their talents, provide knowledge, and share travel experiences, while viewers can engage in discussions, make new friends, and form a community of shared interests.
Additionally, the application includes features such as short dramas, exploration, instant messaging, and flash payments, making it not only a video content ecosystem but also possessing new attributes in social networking and payments. Whether it’s short videos or live streaming, crypto serves as an economic bridge between users and content creators, empowering the video ecosystem through a unique economic model and leveraging the existing DeFi system of 0xLSD.
