In today’s briefing:
- Liquid Staking Derivatives Wars
Liquid Staking Derivatives Wars
- As a proof of stake network, Ethereum rewards stakers with block rewards and user fees.
- However, the 32 ETH minimum required to stake your ETH directly on the network prohibits the vast majority of users from doing so. Enter liquid staking derivatives, or LSDs.
- LSDs refer to the tokens created by DeFi protocols or centralized services designed to reward users who stake ETH on their platform.
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