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Bukunmi-Akinduro

Oh is that what it means? So as I’m staking

steth I’m collateralizing it or borrowing eth for it? I was asking if I was to borrow eth for it which in the case it would be collateral or just stake it on there ?

#cryptocurrency #english #lido
0

1 ответов

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cryptodenier (will NOT dm first)-

So you stake ETH with Lido, Lido grants you stETH which represents your stake, and stETH earns staking rewards. Collateralizing it on Aave means you stake stETH to borrow another token. You stake your stETH as collateral to borrow ETH for example, so if you can’t pay back the debt, the platform takes your stETH. You can collateralize stETH (stake it as collateral) to borrow ETH.

0
08.09.2022

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