Liquid Staking
What is Liquid Staking and what makes it better than the traditional form of Staking Crypto?
It’s only right that we take a deep dive…
AltCryptoGems
🧵👇
What is Liquid Staking and what makes it better than the traditional form of Staking Crypto?
Protocols, such as Lido Finance have seen a tremendous rise in users due to the unbelievable advantages that they can provide. What makes it so special?
Well, Proof-of-Stake (PoS) blockchains require users to stake large amounts of their native token to become a Validator and set up a node. Let’s take Ethereum as our example which requires users to stake and lock up 32 $ETH ($53.5K+).
As you can see, that is clearly not achievable for the average user. That is where protocols like Lido Finance come in. They allow the average user to stake any amount of $ETH, with no minimum or maximum!
Not only that, users aren’t expected to lock up their tokens. Users can claim and withdraw at any given time. Unlike most staking protocols and PoS blockchains which require a minimum lock-up between seven days to one year!
Liquid Staking is surging in popularity. Why wouldn’t you stake through a Liquid Staking protocol when it can offer much less risk, more flexibility and the same rewards and if not more than the average staking protocol…
If you’re keen to start Liquid Staking, then you can read check out our tutorial on Youtube here – https://youtu.be/IgAnftfe18g
That’s it! Thanks for reading! Have a look at our Guides section for more!
If you’re interested in learning more about Web3 and getting free crypto alpha, be sure to follow me on Twitter – @AltCryptoGems.