Governance tokens of top liquid staking solutions rally as Ethereum's Shanghai upgrade is set to de-risk ether staking by opening ETH withdrawals. reports godbole17
since December 2020, finally giving participants a timeline for reclaiming their ether.
However, staking can tie up assets for a long time. Liquid staking protocols remove the opportunity cost by issuing a derivative token that represents the claim on the locked coins and rewards earned. These derivative tokens can be used elsewhere to generate additional yield.
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