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
$BANK -32 places this week
$PRISM +28 places this week
$vPLS -27 places this week
$SGT sank to a 8 gem score this week
$PSOL hit a gem score of 79 this week
54 tokens rose and 87 fell this week
$BBFT +73 places this month
@EnaLiquid Staking+1•18$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 mixed performance recently. Over the past 7 days, 87 tokens were down while 54 were up. Notably, Prism (PRISM) gained 28 ranks with a 94.1% score increase, and PlutusDAO (PLS) climbed 20 ranks with an impressive 106.9% score increase. Conversely, Lorenzo Governance Token (BANK) fell 32 ranks, and Vouch Staked PLS (vPLS) dropped 27 ranks. Phantom Staked SOL (PSOL) showed a strong streak, leading for 7 days, and also held the highest score at 79.2001. Over the last 30 days, the breadth was more balanced with 69 tokens down and 72 up. Baby BFT (BBFT) was a significant climber, rising 73 ranks with a 50.1% score increase, while PUFFER (PUFFER) gained 52 ranks. Save SOL (SAVE) was a notable faller, dropping 40 ranks, and Stafi (FIS) fell 24 ranks with a -39.0% score change. Phantom Staked SOL (PSOL) continued its leading streak for 19 days, and Sanctum (SANC) entered the top K during this period, achieving the highest score at 80.0099. SharedStake (SGT) consistently held the lowest score across both periods.
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.