Crypto 101 📚 Liquid Staking
LSTs can be transferred, traded on secondary markets, and used as collateral in DeFi protocols.
wstETH is a wrapped version of stETH: the amount you hold stays the same, while staking rewards mean that wstETH can be redeemed for an increasing amount of stETH.
The most costly thing in crypto has never been transaction fees, but the tuition you pay for not understanding the rules.
$LDO is the governance token of Lido, a liquid staking protocol. Current price: 0.3489.
LSTs can be transferred, traded on secondary markets, and used as collateral in DeFi protocols.
wstETH is a wrapped version of stETH: the amount you hold stays the same, while staking rewards mean that wstETH can be redeemed for an increasing amount of stETH.
The most costly thing in crypto has never been transaction fees, but the tuition you pay for not understanding the rules.
$LDO is the governance token of Lido, a liquid staking protocol. Current price: 0.3489.
