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Questions and Answers
Which type of token enables stakers to unlock liquidity for their staked cryptocurrency?
Which type of token enables stakers to unlock liquidity for their staked cryptocurrency?
- ERC-20 tokens
- Utility tokens
- LSDs (correct)
- NFTs
Which is currently the largest liquid staking protocol?
Which is currently the largest liquid staking protocol?
- Uniswap
- Lido (correct)
- Compound
- Aave
What is expected to boost demand for LSDs in the future?
What is expected to boost demand for LSDs in the future?
- The decrease in DeFi activity
- The introduction of new cryptocurrencies
- The rise of centralized exchanges
- The deployment of the Shanghai upgrade (correct)
What percentage of the entire Total Value Locked (TVL) across liquid staking protocols do LSDs make up?
What percentage of the entire Total Value Locked (TVL) across liquid staking protocols do LSDs make up?
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Which Layer-1 networks have the potential to become equally as widespread as Ethereum in terms of LSD popularity?
Which Layer-1 networks have the potential to become equally as widespread as Ethereum in terms of LSD popularity?
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Study Notes
Liquid Staking Tokens
- Liquid staking tokens (LSDs) enable stakers to unlock liquidity for their staked cryptocurrency.
Largest Liquid Staking Protocol
- The largest liquid staking protocol is currently unknown (answer not provided).
Future Demand for LSDs
- In the future, increased institutional adoption and decentralized finance (DeFi) growth are expected to boost demand for LSDs.
TVL Percentage of LSDs
- LSDs currently make up around 10% of the entire Total Value Locked (TVL) across liquid staking protocols.
Layer-1 Networks and LSD Potential
- Polkadot, Solana, and Binance Smart Chain are the Layer-1 networks that have the potential to become equally as widespread as Ethereum in terms of LSD popularity.
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