What are the advantages of liquid staking?

[Suba]

Basically, crypto staking is the process of securing and validating a blockchain network by freezing or locking a certain amount of crypto for a certain period. But the crypto that the user keys becomes illiquid or cannot be used for other purposes, which is different from liquid staking where users can use or maintain liquidity by issuing wrapped tokens as a representative of the crypto that is being staked. If users use the LIdo platform they will get stETH and using the Rocket Pool platform they will receive rETH equivalent to the amount of ETH that is being locked.

 

[Starmix]

I don't have any idea about it hehe. 6 A 6 ignoramus of many things in crypto and it's associates and or partners. I admire you on that.

 

[SilverLance]

I'm not very familiar with the specifics of liquid staking, but I understand it allows users to stake their crypto while still being able to maintain liquidity through wrapped tokens.