Cryptocurrency Q&A
What is the first liquid staking?
What is the first liquid staking?
Daniela
Sat Oct 26 2024
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5
answers
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I'm interested in learning about liquid staking, specifically what was the first instance or implementation of this concept. I want to understand the origins of liquid staking and how it developed.
5 answers
GeishaMelody
Mon Oct 28 2024
By introducing liquid staking, Lido aimed to address the liquidity concerns of users.
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Raffaele
Mon Oct 28 2024
Lido emerged as one of the pioneering liquid staking platforms, marking its inception in 2020.
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CryptoWizard
Mon Oct 28 2024
This launch coincided with the broader shift towards proof-of-stake consensus mechanisms.
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Martina
Sun Oct 27 2024
Stakers on Lido receive a special token known as stETH. This token serves as a proxy for their staked ETH.
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Chiara
Sun Oct 27 2024
Additionally, stETH reflects any rewards earned through staking, ensuring users benefit from their contributions.
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