Crypto 101: Liquid Staking
wstETH is a wrapped version of stETH: the amount you hold stays the same, while staking rewards gradually increase the amount of stETH you can redeem for each wstETH.
The amount of WBETH you hold on Binance doesn’t change with your earnings; staking rewards mean each WBETH can be redeemed for an increasing amount of ETH.
The old me: jump in first, figure it out later. The me today: understand the rules first.
Lido, corresponding to $LDO , issued liquid staking tokens such as stETH.
#LDO
wstETH is a wrapped version of stETH: the amount you hold stays the same, while staking rewards gradually increase the amount of stETH you can redeem for each wstETH.
The amount of WBETH you hold on Binance doesn’t change with your earnings; staking rewards mean each WBETH can be redeemed for an increasing amount of ETH.
The old me: jump in first, figure it out later. The me today: understand the rules first.
Lido, corresponding to $LDO , issued liquid staking tokens such as stETH.
#LDO