What are the Liquid Staking Tokens?

in hive-184714 •  last year 

Hey Buddies!

Liquid staking is the act of delegating the tokens for staking while still accessing the liquidity of their locked up tokens. Despite being staked, your tokens preserve their liquidity via liquid staking. It achieves this by tokenizing your stake; for each ATOM staked, you receive a staked-ATOM token (stATOM).

Umee is the most programmable, safety-first lending algorithm built as a blockchain. As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage, liquidity, and debt instruments. The Umee Blockchain facilitates interoperability between the Cosmos ecosystem, Ethereum, side chain architectures, layer two scaling solutions, rollups, and alternative base layer protocols.

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