Liquid Staking
DeFiUpdated: October 15, 2025
Also known as: Liquid Staking Derivatives, LSD
Allows stakers to earn rewards while keeping liquidity via derivative tokens
Allows stakers to earn rewards while keeping liquidity via derivative tokens.
Liquid staking protocols issue derivative tokens (like stETH for staked ETH) that represent staked assets. These tokens can be traded or used in DeFi while the underlying assets continue earning staking rewards.