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Liquid staking
Also: liquid staking tokens, LST
Staking through a service that gives you a tradable token representing your staked coins.
You deposit coins with a liquid-staking service, which stakes them and gives you a token that represents your share plus rewards. You can trade or use that token in DeFiDeFi Financial services such as trading, lending and borrowing that run on smart contracts instead of banks. while your stake keeps earning. The trade-off is smart-contract risk, and the token can trade below the value of the underlying stake.