Author

Topic: What is your opinion on LSTs? (Read 49 times)

jr. member
Activity: 155
Merit: 4
November 09, 2024, 03:51:43 PM
#3
I have always loved the concept of staking and even so when I saw the liquid staking concept of SWELL token it was easy for me to relate with it easily because of my desire to be safe from the volatile market we often get with crypto.


My scope of interest is how people perceive it, since you get to earn more tokens that you can use or other things like trading, DeFi and other things you'd do with any other crypto in your wallet, and I think I kinda like the concept. But why is it not as popular as it should if it can protect against volatility?

You have said well, some of the events that you see on exchanges are for retail traders. That's why could see platforms like Bitget, Binance and even Bybit give rewards upon completing some futures tasks and they even share tokens like TONCOIN and X empire and GRASS airdrop that users can easily benefit from and not feel left out of the trading spree you see here and there. I hope to get in on these tokens earlier on next time, because it seems Google search alone can't get me what I need to be an early bird.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
November 08, 2024, 06:45:48 PM
#2
restaking doesn't protect you from volatility, it just gives you a way to stake more than once, basically boosting your APY if you can find a place where they accept restaked coins.
the main reason why LST or LRT aren't that popular anymore is because the TGE so far have been abysmal and the return is low, so people kind of consider LST and LRT to be just a waste of time not to mention with ETH's recent performance that's relatively weak compared to other coin like solana.

as long as restaking just gives you 3% APR with the risk of volatility, very few people would be willing to stake their ETH.
jr. member
Activity: 179
Merit: 3
November 08, 2024, 05:20:56 AM
#1
I have always loved the concept of staking and even so when I saw the liquid staking concept of SWELL token it was easy for me to relate with it easily because of my desire to be safe from the volatile market we often get with crypto.


My scope of interest is how people perceive it, since you get to earn more tokens that you can use or other things like trading, DeFi and other things you'd do with any other crypto in your wallet, and I think I kinda like the concept. But why is it not as popular as it should if it can protect against volatility?
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