Shido Network is introducing Liquid Staking
Shido has built a Liquid Staking framework for Shido Network that is set to launch in Q1 2024.
Liquid Staking allows users to stake but still maintain the ability to trade the staked tokens. Giving users more flexibility to engage with diverse DeFi Protocols in the ecosystem.
The Liquid Staking Token given to users in return, is a tokenized asset of the staked tokens. This opens the possibility to delve into yield farming or various other DeFi strategies to maximize the return for users.