Liquid staking explained in three sentences:
After the Shanghai upgrade (Shapella) in April 2023, staked ETH on Ethereum could finally be withdrawn.
The secondary-market price of an LST may not exactly match the ETH it represents: redeeming through the protocol requires waiting in a queue, and if many people are in a hurry to sell, the market price may trade at a discount.
Some DeFi protocols are incompatible with tokens whose balances change automatically; in these cases, wrapped tokens such as wstETH are typically used.
$LDO 0.3865（-3.11%）
#LDO
For reference only. You are responsible for your own profits and losses.
After the Shanghai upgrade (Shapella) in April 2023, staked ETH on Ethereum could finally be withdrawn.
The secondary-market price of an LST may not exactly match the ETH it represents: redeeming through the protocol requires waiting in a queue, and if many people are in a hurry to sell, the market price may trade at a discount.
Some DeFi protocols are incompatible with tokens whose balances change automatically; in these cases, wrapped tokens such as wstETH are typically used.
$LDO 0.3865（-3.11%）
#LDO
For reference only. You are responsible for your own profits and losses.