Why not combine the power of memes with the benefits of the best LSD?

Sniff, sniff, acid, tasty

Acid fam, it’s time to take control back from de frog.

The 0xACID Protocol team has recently proposed a new way to combine the power of memes with the benefits of good LSD. Introducing the Meme - LSDoge, backed by LSD assets from the ACID Treasury to provide high real returns.

”We don’t need to make Doge great again, it’s already the greatest. And now we’re using the LSD power to make it even fking greater.””

LSDoge is a new meme token that combines LSD and Doge Meme to offer abundant real yields to holders. By holding LSDoge, one becomes a guardian doge of the Ethereum network and earns gud ETH returns. LSDoge is a fixed total supply token with infinite deflation, fairly distributed, with no team allocation, and no fundraising.

Of the entire supply, 69% can be exchanged using $ACID holdings, while 30% will be distributed as an airdrop to eligible addresses with $ARB airdrop, and the remaining 1% will be utilized for initial LP.

The proposal details the launch of LSDoge, supported by LSD assets from the ACID Treasury to provide ETH node returns. Of the entire LSDoge supply, 69% can be exchanged using $ACID holdings. $ACID can also be exchanged for $LSDoge through bonding, with a limit of 3000 ACID. The ACID used to exchange for LSDoge will be burned. LSD basic returns from the Treasury (yield from frxETH, stETH, wstETH, etc.) will be distributed to LSDoge as dividends.

The basic LSD returns for original stakers will be canceled, but bond income dividends will still be retained. Locked ACID will receive transfer tax dividends from LSDoge

(LSDoge transfer tax is 8%, with 3% allocated to Locked ACID)

This proposal offers significant advantages, such as:

1. A significant reduction in ACID circulation (due to a large amount of ACID being exchanged for LSDoge)

2. Increase the backing value of ACID (due to the reduced ACID circulation)

3. Staked Acid will no longer face infinite devaluation after exchanging for LSDoge (LSDoge is deflationary with a transfer tax)

4. Locked Acid will receive additional returns (LSDoge transfer tax shares)

Stay tuned for updates on the LSDoge proposal and the exciting possibilities it brings to the 0xACID ecosystem.