Liquid Staking
Unlock liquidity for staked assets and earn rewards in decentralized finance.
Top gainers this week
Top losers this week
$PSOL has led the category 7 days running this week
$TLS climbed 79 places this week
$BBFT -42 places this week
$LRON sank to a 9 gem score this week
$PSOL hit a gem score of 80 this week
99 tokens rose and 43 fell this week
$BANK fell 42 places this month
@EnaLiquid Staking+1•18$LINK is looking like it’s gonna skyrocket soon
- @EnaLiquid Staking+1•17
$LINK is another gem to look into.
Thank me later.
- @EnaLiquid Staking+1•16
$LINK is one of the best things that can happen to you as a trader IYKYK
@radkoLiquid Staking+1•15$LINK is mooning
Frequently asked questions
How has Liquid Staking performed recently?
The Liquid Staking category has seen varied movement, with 99 tokens showing upward momentum over the past seven days, slightly outperforming the 91 tokens that climbed over the past thirty days. Phantom Staked SOL (PSOL) demonstrated strong performance, leading the streak for both the seven-day and thirty-day periods, and achieving the highest score (79.7528) in the seven-day window. Super ETH (ETHx) was a notable climber, increasing its rank by 33 spots in seven days and 28 spots in thirty days. Test Liquid Staking (TLS) also showed significant upward movement, climbing 79 ranks over seven days and 86 ranks over thirty days. Conversely, PlutusDAO (PLS) experienced a substantial drop, falling 18 ranks in seven days and 46 ranks in thirty days. PrismaLRT (PRISMA) was another faller, decreasing by 19 ranks in the seven-day period. Marinade staked SOL (mSOL) was a new entrant in the top K for both periods, while Sanctum Validator LSTs (SANC) exited the top K in both windows, despite holding the highest thirty-day score (80.0099).
What is liquid staking?
Liquid staking allows users to stake their cryptocurrency while still retaining access to their capital. In exchange for their staked assets, users receive a liquid staking derivative (LSD) token, which represents their staked position and accrued rewards. This LSD token can then be used in other DeFi protocols.
How does liquid staking work?
When you stake your assets through a liquid staking protocol, your original assets are locked on the underlying blockchain. In return, the protocol issues you a new token (the LSD). This LSD token can be traded, lent, or used in other DeFi applications while your original assets continue to earn staking rewards.
What are the benefits of liquid staking?
The primary benefit is increased capital efficiency. Users can earn staking rewards while simultaneously participating in other DeFi activities like lending or providing liquidity. It also often simplifies the staking process for users and can reduce the barrier to entry for smaller stakers.
What are the risks associated with liquid staking?
Risks include smart contract vulnerabilities in the liquid staking protocol, potential de-pegging of the liquid staking derivative from the underlying asset, and general market volatility. Understanding the specific protocol's design and audit history is important.
Can I unstake my assets from liquid staking?
Yes, typically liquid staking protocols offer an unstaking mechanism, though the process and timelines can vary. You can often 'redeem' your liquid staking derivative for the underlying staked asset, subject to network unbonding periods and protocol-specific conditions.