Liquid staking is a decentralized finance (DeFi) subsector that lets users affect yield by staking their tokens with out dropping their liquidity. It has change into the splendid DeFi sector by approach of total price locked (TVL), according to crypto replace Binance’s Half of-Year Document 2023.
Internal the document, the crypto replace highlighted that liquid staking had dethroned decentralized exchanges (DEXs) because the tip-ranking DeFi category by TVL as of April 2023.
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