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Blog iconElagabal X NodešŸ¤
Feb 25

Liquid staking guide

TLDR• Liquid staking is a method of staking. You stake your tokens and receive representative tokens equal to your staked token in return. • You can use a representative token as you wish: sell, exchange, trade, and move while your tokens are staked • You delegate your tokens to a pool but not to a specific validator. In this pool, your tokens are distributed to many validators. • The most popular platform for liquid staking is Lido Finance • Liquid staking has certain risksWhat is liquid sta...

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Staking with Backpack wallet

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