Imy191Man
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💡 Web3 Dictionary: LIQUID STAKING (Liquid Staking, LS) 💧🔒
What is it?
Liquid Staking (LS) is a mechanism that allows users to participate in the Proof-of-Stake (PoS) network staking while receiving a derivative token representing their locked (staked) share.
Simply put, when you stake your ETH to earn staking rewards, you also receive back LST (Liquid Staking Token), which you can freely use in DeFi.
Liquid Staking (LS) is a mechanism that allows users to participate in the Proof-of-Stake (PoS) network staking while receiving a derivative token representing their locked (staked) share.
Simply put, when you stake your ETH to earn staking rewards, you also receive back LST (Liquid Staking Token), which you can freely use in DeFi.
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