What Liquid Staking Tokens Mean For Ethereum
Liquid Staking Derivatives! LSDs. What are they, how can we use them to generate returns, and WHY!? are they becoming so popular, so quickly? We’re going to address all of these burning questions right here, right now. So strap in.
Two years ago, researchers at crypto venture firm Paradigm argued that staking derivatives would have a “major impact on the entire ethereum ecosystem.” They even suggested that stETH could eventually replace ETH in many use cases, and potentially even replace ETH altogether.”
Given the rapid growth in ETH staking through platforms such as LIDO, we have to wonder whether we’re in the beginning stage of that transition. Yes, tokens issued by protocols like Lido and Rocket Pool are hot right now, but the importance of LSDs goes even deeper.
Slowly but surely, liquid staking derivatives are seeing a level of adoption that suggests they’ll eventually dethrone ETH as the most important asset in DeFi. So let’s quickly remind ourselves of the key concepts at play here before diving deeper into this promising new DeFi instrument.
✨ Check out our new website ✨
https://thedefiant.io/
🚀 Sign up to our newsletter 🚀
https://newsletter.thedefiant.io/
🤑 Find DeFi investment opportunities & educational primers here
https://newsletter.thedefiant.io/s/defi-alpha
✊ Follow The Defiant
Twitter https://twitter.com/defiantnews
Discord https://discord.gg/thedefiant
Instagram https://www.instagram.com/thedefiant.io/
Telegram News https://t.me/DefiantNews
📬 Contact our Newsroom
editorial@thedefiant.io
🤝 Sponsorships & Partnerships
sponsors@thedefiant.io
💚 Follow The Defiant team on Twitter
Camila Russo: https://twitter.com/CamiRusso
Alp Gasimov: https://twitter.com/alpgasimov
Edward Robinson: https://twitter.com/EddieRob235
yyctrader: https://twitter.com/yyctrader1
Isaac Ibiapina: https://twitter.com/_isaacibiapina
Owen Fernau: https://twitter.com/ofernau
Devin Sawyer: https://twitter.com/devinsawyer
Samuel Haig: https://twitter.com/samuel_haig
Aleks Gilbert: https://twitter.com/aleks_gilbert
Diego Cabral: https://twitter.com/DiegoCabral__
Nick Duddy: https://twitter.com/nickduddy
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
-
19:54
Crypto Empire
1 year agoEthereum Liquid Staking Derivative Tokens Explained!
-
9:36
CRYPTOBULLNEWS
1 year agoSTADER CRYPTO LIQUID STAKING PROTOCOL REVIEW!?!
2 -
5:01
decentralisednews
2 years agoLidoDAO (LDO Token) Liquid Staking Solution for Ethereum
2 -
39:21
Nick Drakon
1 year agoStader Labs: The Future of Liquid Staking Derivatives & $ETHx w/ Amitej
2 -
4:51
decentralisednews
2 years agoCryptocurrency Staking Explained
-
8:55
decentralisednews
2 years agoLiquidity Pool Tokens Explained Simply
7 -
48:50
Nick Drakon
1 year agoHow ANKR is changing DeFi using Liquid Staking Tokens w/ Tiaga Pratas
4 -
39:00
Friends on Crypto
8 months agoLido Liquid Staking a Threat to Ethereum? Full Breakdown of the Arguments!
5 -
39:00
Friends on Crypto
8 months agoLido Liquid Staking a Threat to Ethereum? Full Breakdown of the Arguments!
9 -
22:17
yourfriendsommi
11 months ago💩 *Non-Revolutionary* ETHEREUM: Liquid Staking Diarrhea (LSD)
5