LsETH (Liquid Staking) with Blockdaemon

Traditional staking often requires a balance between the benefits of securing rewards and the limitations of locking up tokens, which can hinder their utility on the network. Liquid staking improves this process by improving the capital efficiency of your staked ETH. Liquid Staked ETH (LsETH) is a liquid staking token representing your staked ETH, plus any Ethereum network rewards accrued minus any fees or penalties.

Through liquid staking, by depositing ETH and receiving LsETH, you retain the liquidity of your assets while still accruing staking rewards. Blockdaemon is integrating Liquid Collective's ecosystem into the platform, providing LsETH as a dynamic and fully integrated solution, specifically designed to meet the strict requirements of institutional clients. In addition to supporting Liquid Staked ETH (LsETH) minting, redemption, and custody, LsETH will be integrated as the exclusive liquid staking solution in the Blockdaemon Wallet product.