【Quick explainer】What problem does liquid staking actually solve?
Tokens representing staked assets are called liquid staking tokens (LSTs), such as Lido’s stETH and Binance’s WBETH.
The risks of liquid staking are cumulative: smart contract vulnerabilities, slashing of node operators, and discounts on the secondary market. If you use leverage, there’s also the risk of liquidation.
Lido, associated with $LDO , issued liquid staking tokens such as stETH.
Don’t rush into a purchase just because everyone around you is buying.
Tokens representing staked assets are called liquid staking tokens (LSTs), such as Lido’s stETH and Binance’s WBETH.
The risks of liquid staking are cumulative: smart contract vulnerabilities, slashing of node operators, and discounts on the secondary market. If you use leverage, there’s also the risk of liquidation.
Lido, associated with $LDO , issued liquid staking tokens such as stETH.
Don’t rush into a purchase just because everyone around you is buying.