What is liquid staking? + Liquidity staking derivatives explained
Liquid staking allows people to participate in staking a network, but to also have access to the value of the underlying stake.
Daniel McGlynn provides writing, content strategy, and brand positioning guidance for some of the internet's leading brands. Creating here to document what he learns along the way.
Liquid staking allows people to participate in staking a network, but to also have access to the value of the underlying stake.
Ethscriptions make it possible to inscribe data to the Ethereum blockchain without having to write a smart contract.
APY in crypto or DeFi is short for annual percentage yield. APY is a somewhat standard metric for measuring the potential return on investment (ROI) of a crypto asset or DeFi project during one year.
The result is that decentralized networks are tools that will weaken the grip of this generation’s internet giants by providing alternative products and services allowing network participants more control over their data and financial resources.
In a lot of ways, layer one tech is like getting a car from a standard manufacturer, and then layer two solutions are like adding aftermarket parts to boost performance and to further custom the underlying machine to meet specific needs.
Market cap is a basic financial metric used across all markets and describes the value of a particular cryptocurrency. Part of the reasons why market cap is useful is that it also provides a uniform ranking system.