Eli5_DΞFi 🏭, 🦇🔊
Eli5_DΞFi 🏭, 🦇🔊

@eli5_defi

13 Tweets 8 reads Jun 13, 2022
#GM!
1/ There have been many amazing #threads about $stETH and $ETH, to complement that we will uncover the basis of #liquidstaking in our latest #visualguide
#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
2/ #LiquidStaking is one of the ways to generate a #yield from an asset by utilizing the #composability of liquid staking derivative (LSD) #tokens
#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
3/ #LiquidStaking is needed to reduce the barrier to become #validator and indirectly to increase #liquidity across the networks.
#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
5/ #LSD #tokens are designed as a receipt to redeem, therefore its fair #valuation in the secondary #market might differ from its staked #assets
#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
6/ #LiquidStaking also has its own risk, cartelization or #centralization become one of main concern due to its inevitability
#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
7/ #LiquidStaking in #Ethereum is a bit different due to the networks still running on #PoW instead of #PoS.
#DeFi #Crypto #Cryptocurrency #Bitcoin #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
@DefiLlama @eliasimos 12/ You can also check our #Notion public page for #DeFi Wiki and resources. The page will be regularly updated by our team @minnymousegirl and @0xblock_head
eli5defi.notion.site

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