LSDx
A Quantitative Intelligence Layer for Liquid Staking Derivatives
Liquidity is not utility. Yield is not safety. Valuation must sit between them. — Vahab Rostampour
This book presents the design, rationale, and implementation of LSDx — a quantitative intelligence layer for Liquid Staking Derivatives (LSDs). It is written for researchers, protocol builders, DAO treasuries, and DeFi-native quant teams seeking to understand and compare LSD tokens with rigour.
You will find each chapter focused and standalone. The Current implementation status chapter is authoritative for live product capabilities; later analytical equations describe conceptual or research methodology unless explicitly marked current.
LSDx is not a staking protocol — it is the missing analytical backbone of the LSD ecosystem.
If you’re designing allocation strategies, evaluating LSDs, or building the infrastructure of decentralised finance, this book offers the tools and structure to do so intelligently.
This book is both a white paper and a working product document for LSDx.
It is intended to evolve alongside the project. Sections may reference smart contract modules, datasets, and prototypes under development.