Specific to the crypto industry, “staking” is a way of earning passive income on assets while potentially supporting the security and operations of a blockchain network. Liquid staking protocols offer the same benefits as regular proof-of-stake (PoS) staking but reduce the potential drawbacks.
Liquid staking protocols are at the forefront of the cryptocurrency staking economy, revolutionizing liquidity access in the decentralized finance (DeFi) industry. One of the benefits of liquid staking is the ability to interact and use funds while simultaneously earning rewards. As a result, liquid staking protocols provide the foundations for activities such as lending protocols and yield farming activities. Therefore, users can interact with numerous DeFi platforms earning multiple rewards from one pool of funds.https://t.co/DysJnOszrGTwitter page
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Read and digest
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thanks great info
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Merci pour l’information
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Hey! Thank you for this. Liquid staking is one of the topics that get my most interest as far as DeFi is concerned.
Of course, liquid staking is a great DeFi innovation. But we should at least know that it comes with some risks too. I read in an article how LSDs (liquid staking derivatives) are somewhat centralized and the value they have is really dependent on the issuing company. Imagine if a country issuing an LSD went underwater. The LSDs are definitely gon’ to lose value. So you see, even though LSDs help us to do DeFi, there contains some level of centralization.
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Share some details on the recommendations and concentration
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wonderful speculation…
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very informative
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