learnweb3

Day 47: Let's learn Liquid Staking Derivatives.

Yesterday we saw how oracles bring data on-chain, but DeFi also solves the problem of locked staking capital. 💧

Here is how Liquid Staking Derivatives (LSDs) work:

• Unlock trapped value: Stake tokens to earn network yield while receiving a receipt token with equal value.
• Double your utility: Use those liquid receipt tokens across DeFi to lend, farm, or trade simultaneously.
• Instant flexibility: Exit your staked position anytime by swapping on a DEX without waiting out unbonding periods.

Quick tip: Monitor the de-peg risk between the derivative token and the underlying staked asset. ⚠️

Not financial advice, DYOR always.

Tomorrow: Yield Aggregators. What questions do you have about today's topic?

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