Research Summary
The report discusses the launch of Euclid, a Tier-1 restaking protocol, at a fully diluted valuation (FDV) of $2 million. It highlights the protocol’s features, including its omni-chain liquid restaking token (LRT), elETH, and its trustless operator network. The report also mentions the protocol’s tokenomics and how to participate in its initial DEX offering (IDO).
Key Takeaways
Euclid’s Launch and Features
- Launch at $2M FDV: Euclid, a Tier-1 restaking protocol, is launching at a fully diluted valuation of $2 million. This is a significant event in the DeFi space, given the protocol’s potential to simplify restaking and expand yield opportunities.
- Omni-chain LRT: Euclid introduces an omni-chain LRT, elETH, which represents users’ restaking position. It provides native ETH staking rewards, restaking rewards, and DeFi yield opportunities. Users can acquire elETH by restaking through Euclid or buying it from the secondary market.
- Trustless Operator Network: Inspired by Rocket Pool, Euclid establishes a trustless and permissionless operator network. This allows users to restake their ETH/LST through Euclid, which uses optimized and risk-balanced strategies to restake with the Operator network.
Participation in Euclid’s IDO
- IDO Spots and Airdrops: The report provides information on how to earn IDO spots and airdrops through a point system in Euclid’s LRT Tournaments. Participants can earn points through referrals, holding specific tokens, or joining a guild.
- Tokenomics: Euclid’s tokenomics is fair launched with 30% of the tokens allocated for IDO, 40% for the community treasury, 15% for airdrops to early depositors, and 15% for NGADfuture.
Actionable Insights
- Explore Euclid’s Restaking Opportunities: With the launch of Euclid, investors and DeFi enthusiasts may want to explore the restaking opportunities it offers. Its omni-chain LRT, elETH, provides native ETH staking rewards, restaking rewards, and DeFi yield opportunities.
- Consider Participation in Euclid’s IDO: The report provides information on how to participate in Euclid’s IDO. Interested parties may want to consider this opportunity, given the potential of the protocol and its fair launched tokenomics.
- Monitor Euclid’s Performance Post-Launch: Given Euclid’s potential to simplify restaking and expand yield opportunities, it would be beneficial to monitor its performance post-launch. This could provide insights into the protocol’s effectiveness and its impact on the DeFi space.
