What problem does liquid staking actually solve? No worries, your class rep is here to explain:
Lido’s stETH balance automatically adjusts each day to reflect staking rewards. This mechanism is called a rebase.
The secondary market price of an LST may not exactly match the price of the corresponding ETH: redeeming through the protocol requires waiting in a queue, and when lots of people are in a hurry to sell, the market price may trade at a discount.
Me in the past: Place the order and figure it out later. Me now: Understand the rules first.
$LDO 0.3803（-2.61%）
Lido’s stETH balance automatically adjusts each day to reflect staking rewards. This mechanism is called a rebase.
The secondary market price of an LST may not exactly match the price of the corresponding ETH: redeeming through the protocol requires waiting in a queue, and when lots of people are in a hurry to sell, the market price may trade at a discount.
Me in the past: Place the order and figure it out later. Me now: Understand the rules first.
$LDO 0.3803（-2.61%）