Proof-of-stake chains allow you to stake your coins in exchange for staking rewards. Depending on the chain the interest that you earn can be in the double digits but at the same time you opt-in to lock up your coins for a specified time for which you cannot sell or trade them. This fact can have some downside, for example in a sudden market crash, the ETH that you have staked, can’t be acted upon in a timely manner.
What is Liquid Staking and how does it work?
What is Liquid Staking and how does it work?
What is Liquid Staking and how does it work?
Proof-of-stake chains allow you to stake your coins in exchange for staking rewards. Depending on the chain the interest that you earn can be in the double digits but at the same time you opt-in to lock up your coins for a specified time for which you cannot sell or trade them. This fact can have some downside, for example in a sudden market crash, the ETH that you have staked, can’t be acted upon in a timely manner.