Asset Split

Based on the Structured LSD protocol, users can split their LSD assets into equal-value $ULSD and $ETHy tokens at a ratio of 1:1.

The initially supported asset for this feature will be stETH, with 1 stETH used as an example. If the current market price of stETH is $2000, by using the Structured LSD protocol, you can split 1 stETH into 1000 $ULSD and 1000 $ETHy, and receive these two tokens immediately, while your stETH will be deposited into the stETH Fund as a reserve.

This mechanism ensures that $ULSD and $ETHy generated by user splits are always backed by adequate reserves. In the near future, we plan to support the split of more LSD assets and even non-LSD assets.