Liquid Staking Tokens

Derivative tokens that represent staked assets in proof-of-stake networks, allowing users to maintain liquidity while earning staking rewards. When users stake their assets through liquid staking protocols, they receive these tokens which can be used in DeFi applications while the underlying assets remain locked for network security. Examples include Lido's stETH and Rocket Pool's rETH.

Categories: cryptocurrency types, defi, mining staking