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
Up 32 places this week, $BFC is gaining ground
$PRISMA +31 places this week
Up 27 places this week, $MIRAGE is gaining ground
$Jito sank to a 6 gem score this week
$PSOL hit a gem score of 79 this week
75 tokens rose and 64 fell this week
$TAOlie fell 50 places this month
@EnaLiquid Staking+1β’18$LINK is looking like itβs gonna skyrocket soon
- @EnaLiquid Staking+1β’17
$LINK is another gem to look into.
Thank me later.
- @EnaLiquid Staking+1β’16
$LINK is one of the best things that can happen to you as a trader IYKYK
@radkoLiquid Staking+1β’15$LINK is mooning
Frequently asked questions
How has Liquid Staking performed recently?
The Liquid Staking category saw more tokens experiencing an upward trend over both the 7-day and 30-day windows, with 74 tokens up versus 64 down in the past week, and 78 up versus 60 down over the past month. Phantom Staked SOL (PSOL) demonstrated strong consistent performance, leading in streaks for both the 7-day and 30-day periods with 7 and 12 days respectively, and also having the highest score in the 7-day window. PrismaLRT (PRISMA) was a notable climber over 7 days, with a 91.2% score increase and a rank delta of 31. Over the 30-day period, Baby BFT (BBFT) climbed significantly with a rank delta of 47, while Lista DAO (LISTA) also saw a substantial increase. PlutusDAO (PLS) was a significant faller across both periods, experiencing a -51.7% score change over 7 days and a -64.0% change over 30 days. Chainlink (LINK) was a top entrant in the 30-day window, while Marinade staked SOL (mSOL) exited the top K.
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.