Liquid staking token
A transferable token representing a claim connected to assets in a liquid staking protocol.
In more detail
An LST lets a staking claim circulate without moving the underlying stake each time. Some designs show rewards through a growing balance; others change the underlying value represented by each token. Its trading price is separate, so a DEX sale can differ from protocol redemption.
How you might use it
"My LST represents a staking claim, but the DEX quote is below its current redemption value."
- Short name
- LST
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