Discover and read the best of Twitter Threads about #veth2
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Earlier today I tweeted I had come across a coin "that imo is almost guaranteed to 5-10x in the short-medium term regardless of what BTC does due to the narrative". I genuinely believe this. The narrative is #LiquidStaking #LSD & the coin is....Time for a thread 🧵
1/21
1/21
First of all, what is #LSD or the Liquid Staking Derivatives narrative & why should you care?
To understand LSD you must first understand native staking on $ETH. Eths move to PoS means holders can now stake their tokens, validate transactions & earn $ETH rewards for it.
2/21
To understand LSD you must first understand native staking on $ETH. Eths move to PoS means holders can now stake their tokens, validate transactions & earn $ETH rewards for it.
2/21
Exact rewards stakers receive is minimally ever changing but it remains relatively constant around 4% APY. Sounds good? It is but not for all holders. stakers must stake at least 32 ETH to be a reward-earning validator. This is a lot of shekels for the average $ETH plebian.
3/21
3/21
