Liquid Staking
Unlock liquidity for staked assets and earn rewards in decentralized finance.
Top gainers this week
Top losers this week
$BBFT climbed 35 places this week
$PRISMA +30 places this week
A standout this week: $SANC reached a gem score of 80
No longer among the leaders this week: $xSOL fell out of the top ranks
95 tokens rose and 44 fell this week
Down 51 places this month, $BLZE is losing steam
@EnaLiquid Staking+1โข18$LINK is looking like itโs gonna skyrocket soon
- @EnaLiquid Staking+1โข17
$LINK is another gem to look into.
Thank me later.
- @EnaLiquid Staking+1โข16
$LINK is one of the best things that can happen to you as a trader IYKYK
@radkoLiquid Staking+1โข15$LINK is mooning
Frequently asked questions
How has Liquid Staking performed recently?
The Liquid Staking category shows mixed signals over the recent periods. Over the past 7 days, more tokens experienced a decline in breadth (84 down vs. 62 up), with TAOlie and cbETH notable fallers by rank. However, Sanctum Validator LSTs (SANC) emerged as a top entrant and also hit the maximum score of 80.0099. Looking at the 30-day window, the breadth shifted, with more tokens showing upward movement (94 up vs. 52 down). StakeWise V3 (SWISE) and ARPA Staking (ARPA) were significant climbers in rank, while iAero Protocol (LIQ) and Solstice (SLX) were among the fallers. Phantom Staked SOL (PSOL) achieved the highest 30-day score of 81.1113, and flETH recorded the lowest score of 7.1669 over the 7-day period. Additionally, Sanctum Validator LSTs (SANC) and xSOL entered the top K, while Marinade staked SOL (mSOL) and Jito Staked SOL exited during the 30-day period.
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.