Most people think liquid staking is simple, but this is what really matters:
Tokens representing staked shares are called liquid staking tokens (LSTs), such as Lido’s stETH and Binance’s WBETH.
The secondary-market price of an LST may not exactly match the ETH it represents: redeeming through the protocol means waiting in a queue, and when many people are in a hurry to exit, the market price can easily trade at a discount.
If you need cash quickly, redeeming through the protocol may mean waiting in a queue, while selling on the secondary market may involve a discount. It’s best to plan your finances in advance.
$LDO Lido launched liquid staking tokens such as stETH.
#LDO
Tokens representing staked shares are called liquid staking tokens (LSTs), such as Lido’s stETH and Binance’s WBETH.
The secondary-market price of an LST may not exactly match the ETH it represents: redeeming through the protocol means waiting in a queue, and when many people are in a hurry to exit, the market price can easily trade at a discount.
If you need cash quickly, redeeming through the protocol may mean waiting in a queue, while selling on the secondary market may involve a discount. It’s best to plan your finances in advance.
$LDO Lido launched liquid staking tokens such as stETH.
#LDO