Solana Liquid Staking Rate Falls 8.2% Year to Date

According to the source, Solana’s liquid staking participation has declined as confidence in DeFi (decentralized finance services) weakens.

SOL

Summary

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Terms & Concepts
  • Liquid staking: A system that lets users stake tokens while receiving a tradable token representing the staked assets.
  • DeFi: Decentralized finance services built on blockchain networks, typically using smart contracts (self-executing blockchain code).
  • Staking: Locking crypto assets to help support a blockchain network and earn rewards in return.