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'Liquid staking' is a pocket of crypto that is seeing big growth this ... - CryptoSaurus

It’s been a tough summer for cryptocurrencies as prices traded in a narrow range and trading volumes declined, but one corner of the market is on the rise: liquid staking protocols. Liquid staking protocols provide investors access to liquidity when staking their funds. Generally, staking gives investors a way to earn yield on their crypto by locking tokens on the network for a period of time. The total value of crypto assets, or TVL, locked in liquid staking protocols like Lido and Rocket Pool has increased 131.6% since the beginning of the year to nearly $20 billion, according to data provider DeFillama.

cryptosaurus.tech     Sep 10, 2023