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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