DeFi | What problem does liquid staking actually solve?
LDO is the governance token of Lido DAO. Holders can vote on matters such as protocol rules and how funds are used.
The risks of liquid staking are cumulative: smart contract vulnerabilities, slashing of node operators, and depegging on the secondary market. Using it to leverage positions also adds liquidation risk.
Lido, behind $LDO , issued liquid staking tokens such as stETH.
Don’t put all your savings into one project.
#LDO
Markets can change in the blink of an eye, so don’t rush to conclusions.
LDO is the governance token of Lido DAO. Holders can vote on matters such as protocol rules and how funds are used.
The risks of liquid staking are cumulative: smart contract vulnerabilities, slashing of node operators, and depegging on the secondary market. Using it to leverage positions also adds liquidation risk.
Lido, behind $LDO , issued liquid staking tokens such as stETH.
Don’t put all your savings into one project.
#LDO
Markets can change in the blink of an eye, so don’t rush to conclusions.