Liquid Staking
As we already know, to earn rewards through staking, one must lock their tokens in a wallet. However, what if it were possible to simultaneously earn rewards and utilise the "locked" tokens? This is possible with
Liquid Staking. It transforms conventional staking by enabling users to stake a token while retaining a liquid version of that same token. This is possible by the tokenisation of the staked fund, making it possible for them to be:
Transferred
Spent
Traded
Let's say you acquire a liquid staking token, like $stETH. This token can have various use cases, such as serving as collateral for loans or being lent out to others, which could provide an opportunity for users to earn extra income.
