Asymmetry Finance (ASF)

IDO

Last updated: Oct 23, 2024

Asymmetry Finance is a pioneering DeFi platform that offers innovative Structured Products designed to optimise yield and provide customised solutions for liquid staking & restaking tokens.

Seed Round: $3 Million

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Overview

Project industry	Finance Services & Banking / DeFi / DAO / Staking / EVM
Product type	DeFi
Whitepaper	Open

What is Asymmetry Finance

Asymmetry Finance protocol is a comprehensive solution to address the issue of centralization within the staked Ether market. By implementing this protocol, users will be incentivized with an efficient yield generation model, resulting in market-leading returns. Risk is effectively mitigated through the diversification features inherent in the Asymmetry Ethereum Products (afETH & safETH). These Liquid Staked Token (LST) Ethereum Index products have been meticulously designed to ensure a more equitable distribution of the Total Value Locked (TVL) among LST providers.

Asymmetry's flagship product, afETH, generates an impressive 10+% APY on a hybrid staked Ethereum position – offering over 3x the rewards of regular staking.

The additional yield is generated through a DeFi strategy that harvests Convex rewards and automatically trades them for ETH, all without active management and always permissionless.

Details

IDO (PAID Launchpad): Jun 12, 2024 - Jun 14, 2024
IDO (Fjord Foundry): Oct 24, 2024 - Nov 01, 2024
Token supply: 51,000,000 ASF
Raised: 3,000,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: Belarus, Democratic Republic of the Congo, Côte d'Ivoire, Cuba, Islamic Republic of Iran, Iraq, Democratic People’s Republic of Korea, Liberia, Myanmar, Sudan, Syrian Arab Republic, United States of America, Bolivarian Republic of Venezuela, Zimbabwe
Registration year: 2023

Token info

Ticker: ASF
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 ASF = 0.590 USD
Accepted currencies: USDC
Token distribution:
DAO Treasury - 42%
Initial Dev Team - 15%
Partnerships - 13%
Community Rewards - 11%
Investors & Public Sale - 19%