Decoding Liquid Staking: Revolutionizing DeFi Staking with Flexibility and Rewards
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Liquid staking combines the benefits of traditional Proof-of-Stake (PoS) staking with the flexibility and liquidity offered by DeFi platforms. Liquid staking fundamentally involves staking one's assets in a platform that issues liquid staking tokens (LSTs) in return. These tokens represent the user's stake and can be utilized within various DeFi protocols for trading, lending, or borrowing purposes.