XLSD is both an LSD liquidity distribution platform and an extUSD trading platform. XLSD aims to develop a platform that can cater to the needs of LSD holders, to unlock liquidity for LSD holders and explore more LSD trading scenarios.
LSD is the biggest narrative for Ethereum this year, and the LSD SUMMER is coming. There will be more and more LSD-related protocols appearing in the market, and what they need most is LSD/ETH liquidity. XLSD Protocol can help them boost initial liquidity very well and the core contract were deployed at 25th May 2023 on Arbitrum One.
ELSD token could used for staking to earn governance esXLSD now.