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Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x00a8...8282 | ACID | 91,167.45 | 1,185.53% | -- |
| 0x340e...ce3d | ACID | 2,044.89 | 26.59% | -- |
| 0x7347...d9ce | ACID | 142.8 | 1.86% | -- |
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About 0xAcid
0xAcid is a protocol focused on maximizing returns on Liquid Staking Derivatives (LSDs) such as stETH, rETH, and frxETH. Its core business involves accumulating ETH and LSD assets in a treasury through a Bond sales mechanism. The treasury then deploys these assets across various DeFi strategies, primarily in established ETH staking pools and large decentralized exchanges, to generate yield. All protocol revenue is distributed to users who stake the ACID token, which can be claimed in wETH.
The protocol's main value proposition is offering significantly higher yields compared to typical LSD staking returns. It achieves this through a combination of mechanisms: a portion of Bond sale proceeds is distributed to ACID stakers, and a locking mechanism for ACID tokens increases a user's share of treasury yields over time. The protocol also maintains Protocol Controlled Value (PCV) by locking liquidity in ACID-ETH pairs, which enhances token liquidity and stability. The narrative is built around a long-term bullish view on Ethereum, with a stated goal of the treasury being distributed to ACID holders if ETH were to reach $10,000.
The market pain point addressed is the relatively low yield from simply holding LSDs. 0xAcid attempts to solve this by aggregating yields from multiple strategies and adding a layer of protocol-generated revenue. It also aims to reduce the risk of impermanent loss and liquidation for users seeking leveraged exposure to ETH.
Regarding recent development, in March 2026, the protocol added liquidity on Sushi Swap and officially launched its product on the Arbitrum network. The team's token allocation was locked for one year. No other significant public updates or major negative events were identified in the six months leading up to September 2026.
0xAcid is a protocol on Arbitrum that maximizes returns on LSD assets, incubated by Toxin Lab (previously CongruentFi). In early 2023, it completed a fair launch, raising 4,000 ETH (~$6.28M) via public sale with no VC participation, distributing 100% of revenue to ACID holders. On March 10, it officially launched on Arbitrum and added liquidity on SushiSwap, with team tokens locked for one year. Subsequently, 0xAcid 3 adjusted staking rewards to bonding sales (wstETH), extended bonding to Ethereum mainnet, and introduced $LSDoge to strengthen the game-theoretic mechanism of long-term ETH locking. Its core significance: by locking ACID, users indirectly hold an ETH-LSD treasury, earning higher dividend shares through longer lock-ups while avoiding liquidation risk—forming a long-term value-capture model of "long ETH + long time."