Discover and read the best of Twitter Threads about #liquidstakingderivatives
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1/ Exciting news for investors, as @PhotonsHedge will be leveraging liquid staking derivatives (LSDs) to enhance trading output. LSDs enable you to unlock liquidity for staked crypto, thereby maximizing investment returns.
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2/ According to @eulerfinance LSDs are already playing a significant role in DeFi, making up over 20% of the entire Total value locked (TVL). The dominance of @LidoFinance alone currently the largest liquid staking protocol is over 17% of DeFi’s TVL as of February 2023.
@eulerfinance @LidoFinance 3/ By utilizing LSDs, @PhotonsHedge taps into the potential of the fast-growing DeFi space. These derivatives offer a 1:1 ratio of staked tokens, allowing traders to multiply benefits from the locked token and generate additional yield opportunities.
