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Riqa-

Hi. I'm new to lido and interested in staking dot.

I saw this site https://lido.fi/polkadot . It says "Stake xcDOT and receive stDOT. Yield daily staking rewards and put your stDOT to DeFi to work across the Polkadot and Moonbeam ecosystems.".

Does xcDOT have equivalent value as DOT? What's the main difference? And why do we get stDOT and not DOT?

#cryptocurrency #english #lido
0

2 ответов

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Riqa- Автор вопроса

Is unstaking immediate? Does stDOT have the same monetary value as DOT?

0
07.06.2022
Phantasma.ftm-
Riqa
Is unstaking immediate? Does stDOT have the same m...

Unstaking is the same as on chain unstaking, but the magic is that you can swap your stDOT to xcDOT on Curve finance, about the monetary value, stDOT increases in value since it accrues staking rewards.

0
07.06.2022

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