🗒️ Today’s DeFi insight: liquid staking
ETH staked on Ethereum could only be withdrawn after the Shanghai upgrade (Shapella) in April 2023.
Some DeFi protocols don’t support tokens whose balances change automatically. In such cases, wrapped tokens like wstETH are generally used.
Understanding how it works can help you avoid some pitfalls, but it can’t replace risk management.
$LDO is the governance token of Lido, a liquid staking protocol. Current price: 0.4316.
ETH staked on Ethereum could only be withdrawn after the Shanghai upgrade (Shapella) in April 2023.
Some DeFi protocols don’t support tokens whose balances change automatically. In such cases, wrapped tokens like wstETH are generally used.
Understanding how it works can help you avoid some pitfalls, but it can’t replace risk management.
$LDO is the governance token of Lido, a liquid staking protocol. Current price: 0.4316.