Staking is a familiar concept in the blockchain and DeFi community, allowing users to stake their assets to help build and secure the blockchain network. Meanwhile, Liquid Staking (LS) is a new innovation in this field, allowing users to take advantage of Staking without having to miss out on the opportunity to earn more profits on other DeFi protocols.
As mentioned, Staking is the process of contributing assets to help build the blockchain network, while also helping users seek profits through rewards and transaction fees. However, a problem that users often encounter when participating in Staking is not being able to use the contributed assets while waiting to receive rewards. This results in users missing out on opportunities to earn more profits from other DeFi protocols.
To solve this problem, Liquid Staking Derivatives was born. LS allows users to create digital assets (synthetic assets) that integrate assets contributed to participate in Staking. Thanks to that, users can use these assets to participate in activities on other DeFi protocols, while still retaining profits from Staking.
With LS, users can perform two actions at the same time: contribute assets to participate in Staking and use synthetic assets to participate in activities on DeFi. This helps users take full advantage of Staking without missing any opportunities on DeFi.
With more and more DeFi protocols being developed, Liquid Staking is a remarkable solution to take full advantage of Staking while still being able to participate in other profit-generating activities from investing in crypto market!
So have you tried making money with Liquid Staking?
