How much do you know about the importance of liquid staking? Whatever your answer is, bet you will know even more after reading this.
Bitcoin’s genesis in 2009 will probably go down in history as one of the most notable technological events of all time. Demonstrating the first real use case for the immutable, transparent and tamper-proof ledgers — i.e., blockchain — it established the cornerstone for developing the crypto and other blockchain-based industries.
Several factors have contributed to the blockchain and cryptocurrency industry’s success so far. But above all, it’s due to certain key features of the underlying technology: decentralization, trustlessness and data security, to name a few. Leading blockchain networks like Bitcoin are pretty robust as such thanks to their
Bolstering interchain security frameworks is one way of solving this rather pertinent problem. Moreover, with innovations like liquid staking, bigger PoS blockchains can help secure the emerging ones, ultimately facilitating a safer and stabler industry overall.One might wonder why bigger blockchains would even care to share validators with the smaller ones.
For the uninitiated, liquid staking unlocks the liquidity of assets staked in PoS blockchains or other staking pools. This is crucial because, otherwise, the staked liquidity remains underutilized. Users cannot use their staked assets in decentralized finance , which restricts them from generating optimal yields. By offering tokenized derivatives of these staked assets, liquid staking allows individuals to reap the benefits of staking and DeFi simultaneously.
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