LSW- Liquid Staked WAX
Liquid staking allows users to stake their native tokens, receive a liquid token (LSW) in return, and actively participate in DeFi applications, enhancing liquidity and flexibility.
Last updated
Liquid staking allows users to stake their native tokens, receive a liquid token (LSW) in return, and actively participate in DeFi applications, enhancing liquidity and flexibility.
Last updated
Liquid Staking
Liquid staking empowers users to stake native tokens without locking them, providing a liquid token for use in various DeFi applications. This paper introduces $LSW, aiming to revolutionize staking on the WAX blockchain.
Benefits
Liquidity and Flexibility: $LSW allows users to earn staking rewards while retaining the flexibility to trade or use staked assets instantly, eliminating the trade-off between staking for APR and engaging in DeFi activities.
Improved Network Security: Encouraging more token holders to stake enhances overall blockchain network security.
Capital Efficiency: $LSW provides a more capital-efficient solution for blockchain projects and DeFi applications, avoiding having to constantly claim WAX tokens and vote for a set of proxies or validators.
$LSW Use Cases
DEX LiquiditY: The WAX/LSW facilitates liquid staking and immediate access to locked fund from staking contracts.
Lending: LSW as collateral in lending protocols “cough cough”
Staking Derivatives: Creation of staking derivatives such as stakers’ baskets and leveraged staking positions.
