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Liquid Staking Derivatives (LSDs) Quiz

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Questions and Answers

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?

Uniswap
Lido (correct)
Compound
Aave

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?

<p>Over 20% (A)</p> Signup and view all the answers

Which Layer-1 networks have the potential to become equally as widespread as Ethereum in terms of LSD popularity?

<p>Polygon and Avalanche (D)</p> Signup and view all the answers

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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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