Staking is becoming a popular war to generate passive income in a low-risk environment.
16 Sep 2023, 12:00
Staking is becoming a popular war to generate passive income in a low-risk environment 🪙
Curious as to how it works and where the rewards come from? 🎁
We're here to help!
Here's an educational thread on #staking!
1/8 🧵
Same news in other sources
216 Sep 2023, 12:00
Solo Staking ETH can be difficult 😖
If stakers act maliciously or fail to perform their duties, they risk losing their collateral.
Stakers are also required to have a dedicated computer with 24/7 internet connectivity. 💻
These strict restrictions gave rise to LSDfi
7/8 🧵
Solo Staking ETH can be difficult.
Solo Staking ETH can be difficult 😖
If stakers act maliciously or fail to perform their duties, they risk losing their collateral.
Stakers are also required to have a dedicated computer with 24/7 internet connectivity. 💻
These strict restrictions gave rise to LSDfi
7/8 🧵
16 Sep 2023, 12:00
Liquid staking or #LSDfi allows users to lock their ETH in a smart contract to participate in network security while receiving a liquid, tradable asset that represents their stake. 💧
This allows for flexibility, and it avoids the restrictions associated with staking. 🌱
8/8
Liquid staking or #LSDfi allows users to lock their ETH in a smart contract to participate in network security while receiving a
Liquid staking or #LSDfi allows users to lock their ETH in a smart contract to participate in network security while receiving a liquid, tradable asset that represents their stake. 💧
This allows for flexibility, and it avoids the restrictions associated with staking. 🌱
8/8