Hi, I am new to liquid staking and would like to ask if it safe to use liquid staking tokens in DeFi protocols. When I was originally reading about liquid staking I was assuming for some reason that the minted LST token is tracking price of the token that gets locked for staking. Apparently this is not the case - I am just looking at $SOL tocked via Jito Network for $JitoSOL and $JitoSOL has a different price then $SOL. Therefore I am wondering is it actually safe to use the LST tokens in protocols like lending or leverage trading when volatility and behavior of the LST token is kinda unknown compared to original SOL ?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments