Foresight Ventures completed 10 million LSD locking in veLSD on April 17, using LSD tokens from its early-stage investment in LSDx. LSDx is an ultra-liquid protocol for all LSD assets, aiming to optimize their financial values and liquidity.
Previously, LSDx received an investment from Foresight Ventures. The TVL of its first product, ETHx, reached over 10,000 ETH within three days, and its daily trade volume reached over $1,200,000.
veLSD is the governance token of LSDx. veLSD holders can participate in governance voting and earn a portion of the fees generated by LSD swaps. The current APR for veLSD is 161%.