Thread - Liquid Staking Overview

🔒 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.

💧 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.