Been reading up a bit on the "liquid staking" concept.

Question

Been reading up a bit on the "liquid staking" concept.

I understand Ontology as a PoS network is working on this (because all the cool guys are doing it too), but to me this is just one hot complex mess. Staking is about commitment. Commitment to be willing to not have access to your tokens for a certain (small) amount of time. This whole concept seems to counter that notion by adding yet another defi layer. And how liquid is the liquid staking pool in extreme circumstances? I guess I'm just old-school like the classic banking system where you get interest on your savings account for keeping it there and use a regular account for every-day transactions. 🤷‍♂️

#cryptocurrency #english #ontology

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01.11.2023

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DuMonT 🇸🇰 Ontology [I WILL ❗NEVER❗ PM/DM/CALL YOU!] · Accepted Answer

DuMonT 🇸🇰 Ontology [I WILL ❗NEVER❗ PM/DM/CALL YOU!]

I understand your points and I guess I share some views with you

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01.11.2023

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Been reading up a bit on the "liquid staking" concept.

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