LsETH (Liquid Staked ETH) Is Now Available for Trading on LBank Exchange

July 09, 2024 10:43 PM EDT | Source: LBank

Road Town, British Virgin Islands–(Newsfile Corp. – July 9, 2024) – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of LsETH, or Liquid Staked ETH, on July 9, 2024. Users of LBank Exchange can brace themselves for the LSETH/USDT trading pair, which went live already.

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LsETH is a liquid staking token representing the value of staked ETH plus network incentives. LsETH is based on the Ethereum ERC-20 token model, which allows stakers to maintain liquidity and utilise their staked assets in decentralized finance.

Introducing LsETH: Liquid Staking with Enhanced Liquidity and Incentives

LBank Exchange is thrilled to announce the listing of LsETH, or Liquid Staked ETH, a token generated when Ethereum (ETH) is staked through Liquid Collective’s liquid staking protocol. This innovative solution provides stakers with a receipt token that represents ownership of their staked ETH, along with any accrued network incentives. Unlike traditional staking methods that require tokens to be locked up for extended periods, LsETH allows users to maintain liquidity, enabling them to trade, swap, hold, or transfer their assets just like a regular token.

The core advantage of LsETH lies in its ability to keep stakers’ assets liquid while still earning staking incentives. As users hold LsETH, the protocol automatically stakes the underlying ETH and accrues network incentives, which are reflected in the fluctuating conversion rate of LsETH. This dynamic conversion rate adjusts to the value of accrued incentives. This feature makes LsETH an attractive option for those looking to maximize the efficiency of their staked assets without sacrificing the benefits of liquidity.

The Liquid Collective’s protocol is designed to meet the stringent security and compliance needs of institutional and enterprise participants, making LsETH a robust and reliable staking solution. By collaborating with leading industry players and incorporating enterprise-grade infrastructure, Liquid Collective aims to ensure that LsETH holders benefit from high standards of security and transparency. Additionally, the protocol’s slashing coverage program offers further protection against potential slashing risks, providing a comprehensive and secure staking experience that promotes broader adoption and integration within the decentralized finance ecosystem.

About LsETH Token

LsETH, or Liquid Staked ETH, is a token issued when Ethereum (ETH) is staked via Liquid Collective’s liquid staking protocol. Acting as a receipt, it signifies ownership of the staked ETH and the accrued network incentives, minus fees or penalties. Built on the Ethereum ERC-20 token model, the value of LsETH changes to reflect earned incentives and any penalties. This enables stakers to keep their assets liquid and engage them in decentralized finance activities.

LsSETH token debuted on LBank Exchange at 11:00 UTC on July 9, 2024. Investors who are interested in LsETH can easily buy and sell on LBank Exchange now.

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About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 10 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

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