# LSW- Liquid Staked WAX

**Liquid Staking**

<figure><img src="https://1106702801-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MJILKtslrmNIVV9CYCR%2Fuploads%2FBt7LQPnZiyjswLyoHs7k%2Fimage.png?alt=media&#x26;token=52c70dd5-e51e-47b8-84e2-0c8eb95c6ddf" alt=""><figcaption></figcaption></figure>

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**

1. 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.
2. Improved Network Security: Encouraging more token holders to stake enhances overall blockchain network security.
3. 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**

1. DEX LiquiditY: The WAX/LSW facilitates liquid staking and immediate access to locked fund from staking contracts.&#x20;
2. Lending: LSW as collateral in lending protocols “cough cough”
3. Staking Derivatives: Creation of staking derivatives such as stakers’ baskets and leveraged staking positions.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.alcor.exchange/lsw-liquid-staked-wax.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.