What problem does liquid staking actually solve?
The amount of WBETH you hold on Binance doesn’t change as rewards accrue; staking rewards gradually increase the amount of ETH each WBETH can be redeemed for.
The secondary-market price of an LST may not exactly match the price of the ETH it represents. Redeeming through the protocol can involve a queue, and when many people are in a hurry to exit, the LST may trade at a discount.
$LDO is the governance token of the liquid staking protocol Lido.
It’s best to only invest money you can afford to lose without affecting your livelihood.
The amount of WBETH you hold on Binance doesn’t change as rewards accrue; staking rewards gradually increase the amount of ETH each WBETH can be redeemed for.
The secondary-market price of an LST may not exactly match the price of the ETH it represents. Redeeming through the protocol can involve a queue, and when many people are in a hurry to exit, the LST may trade at a discount.
$LDO is the governance token of the liquid staking protocol Lido.
It’s best to only invest money you can afford to lose without affecting your livelihood.