P R U D E N T πŸ“Š ( β™Ÿ,β™Ÿ)| TOKEN 2049
P R U D E N T πŸ“Š ( β™Ÿ,β™Ÿ)| TOKEN 2049

@PrudentSammy

10 Tweets 2 reads Feb 02, 2023
Want to make minimum of X10 with your idle token
READ THIS ❗️❗️
"LIQUID STAKED DERIVATIVES"
🧡🧡
This thread will cover
❓️What Liquidity staking is?
❓️What is Liquid staked derivatives?
❓️Protocol that offer Liquidity staked derivatives.
A lot of people do diamond digging research, get a good token at a low price, wait for it to get to an high price before selling
Keyword: WAIT
What if you can make money during the waiting period?
Solution: Liquidity staking.
Liquidity staking is locking your
cryptocurrency for an agreed period of time and getting a reward in return.
Reward comes in form of earning the token or another token.
Well. There is now an upgrade to Liquidity staking prompted by the Ethereum updated.
ETH transition from POW to POS and that required validators to stake 32 ETH.
Stakers cannot withdraw the ETH until the upcoming Shanghai upgrade in March.
Upgrade allow stakers withdraw.
To ease the waiting period for Stakers.
Liquid staked derivatives came to live and is now becoming one of the trends in DeFi.
❓️What is LSD?
Liquid staking derivatives allows users to receive a similar token that represent the value of the staked token.
It is like a receipt
If stake 32ETH, i will get a derivatives sETH
The token sEth unlock the liquidity of my stake ETH. I can do some transactions with sETH on other protocol to earn additional
yields.
Shanghai updates begins by March.
Other protocol are beginning to adopt LSD
It's best you start getting in early. Protocol i am checking out for staking derivatives
@LidoFinance
@RocketFinance3
@StaFi_Protocol
@staderlabs
@MarinadeFinance
Will you be trying this liquid derivatives anytime soon?
Shill me other protocols. πŸ‘‡πŸ‘‡
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