Divyant
@divyant
Thread - Liquid Staking Overview š Staking Explained: Staking involves locking up cryptocurrency to support a blockchain network's operations. Validators are selected based on their staked amount to create new blocks and verify transactions, earning rewards in return.
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Divyant
@divyant
š§ How is liquid staking different from staking: Traditional staking locks assets, making them illiquid. Liquid staking offers a solution by providing a representative token in exchange for staked assets, maintaining liquidity. Example: Staking ETH and receiving staked Ether tokens.
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Divyant
@divyant
Industry Landscape "Out of the 120.17M Ethereum in existence today, ~27M (15% of the total supply) are staked on the Beacon Chain. Of this staked amount, 33% (about 6M ETH) is in Liquid Staking Tokens (LSTs), with Lido holding a 31% share (~1.86M ETH) and Coinbase at 12% (~720K ETH) of the LST market."
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