Liquid Staking Protocol & Finance Derivatives & Future | HackerNoon

After choosing the best staking node providers, the next problem is capital efficiency. Users need to lock assets in the staking node but only yield 10% annually. In the crypto world, there are opportunities everywhere. The opportunity cost of locking assets in the staking pool is huge. Thus users are trying to increase capital efficiency. A liquid staking pool helps users get their liquidity almost instantly.

To increase the liquidity of staked assets, the staking pool mint a new token for users. For example, after staking ETH in Lido, Lido mints stETH for users. Users can exchange stETH with ETH on DEX. Below is the pricing chart for stETH.stETH is like a bond. 1 stETH can redeem 1 ETH in the unpredictable future. We are not sure when Ethereum will release staked assets in the staking node because releasing the staked assets needs a hard fork update after the ETH2.0 merge.

The next few charts show that Lido dominates the ETH staking market and secures a large portion of the market share.However, Marinade dominates the Solana liquid staking market instead of Lido.Besides fee and reputation, utility is another major point. More partnerships mean deeper liquidity for liquid assets in DEXs and lending platforms. Marinade has the most partnership with DeFi projects.Most DeFi users are APY addicted.

Most leveraged yield farms use 2x — 3x leverages and offer around 7% APY. They do have liquidation risks. Basically, they deposit stETH on Aave and borrow WETH through Aave. Then they swap WETH for more stETH and repeat the steps above.by Staking Rewards. SR20 is an index containing the top 20 PoS assets weighted by total staked value. The index also accrues staking rewards on a continuous basis. The following charts demonstrate the allocation:The current index price is $304.41 and the reward rate is 6.54%. The staking returns YOY is 9.44%. Below is the price chart of SR20.

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