The truth behind the misconceptions holding liquid staking back -Breaking
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What is the truth about liquid stakeback?Blockchains can be relied upon proof-of-workValidation of the (PoW), since its inception. However, the PoW consensus turned out to not be sustainable because of its excessive energy use and need for high-powered hardware. It also created barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards don’t have to compete against other miners, but can simply stake part of their crypto for a chance to be chosen to be a validator — and reap the returns.
Every PoS crypto owner must wish to profit from the opportunities that staking offers. Our research shows that there are actually more opportunities than we think. Report, while 56% of those surveyed had staked before, many who hadn’t staked or wouldn’t stake again pointed toward the same hesitation: They don’t want their assets locked up in staking, not when those assets could be put to use elsewhere. The best of both the worlds is liquid staking. Investors can stake their assets, while still being able to access those assets for other purposes during lock-up.
Mohak AgarwalClayStack’s CEO is he. ClayStack’s CEO is an investor and serial entrepreneur on a mission: to unlock liquidity from staked assets.
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