What's that Liquid Staking (Fantom)? – Bittime

In the world of fast-growing blockchain, Fantom has established itself as an innovative platform with unique staking solutions. Liquid staking on Fantom allows users to earn rewards from staking their FTM tokens while maintaining the liquidity of their assets, opening up new opportunities for participation and growth in the Fantom ecosystem.

Listen to the explanation regarding this discussion starting from the meaning to how it works on this occasion!

What is Liquid Staking (Fantom)?

Liquid staking on Fantom is an innovative solution that allows users to stake their FTM tokens without locking up their assets. In contrast to traditional staking, where staked tokens cannot be accessed during the staking period, liquid staking allows users to use wrapped tokens for various purposes in the DeFi ecosystem, such as lending, yield farming, and governance.

Benefits of Liquid Staking

Flexibility: Users can stake their FTM tokens without losing access and liquidity.
Double Income: Users earn traditional staking rewards and additional yields from DeFi activities.
Capital Efficiency: Staking assets can be maximized to generate multiple yields, increasing ROI and participation in the network.
Decentralization: Strengthens the security and decentralization of the Fantom network by encouraging wider staking participation.

How Does Liquid Staking Work?

The liquid staking process at Fantom involves several steps:

Stake FTM tokens: Users lock their FTM tokens in a trusted liquid staking platform, such as Lido or Stakefish.
Receive layered tokens: Users receive layered tokens (such as stFTM) that represent ownership of staked FTM tokens.
Use coated tokens: Users can use coated tokens for various DeFi activities, such as lending, yield farming, and governance.
Earn rewards: Users receive traditional staking rewards and additional yields from the DeFi platforms they use.

Platform Liquid Staking di Fantom

Here is bSome of the leading liquid staking platforms on Fantom:

Lido: The leading decentralized liquid staking platform with guaranteed security and high liquidity.
Stakefish: A non-custodial staking platform that offers easy-to-use and secure staking solutions.
Ankr: A blockchain infrastructure platform that provides FTM staking services with easy access and competitive rewards.

Conclusion

Liquid staking on Fantom presents an innovative solution for users who want to profit from staking without sacrificing liquidity. With the benefits of flexibility, multiple returns, capital efficiency, and decentralization, liquid staking opens up new opportunities for participation and growth in the Fantom ecosystem.

Read also:

What is Lido DAO (LDO)? Liquid Staking Solution

What is Yield Farming in DeFi?

Apa itu Aave? Pelopor Platform DeFi

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates

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