Layer33 Unveils IndieSOL, a Liquid Staking Token (locking crypto to earn rewards)
According to Layer33, a collective of 25 independent validators (nodes that confirm transactions), fees from IndieSOL will support the group’s efforts to maintain Solana network decentralization.
SOL
Summary
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Terms & Concepts
Liquid staking: A method that allows users to stake tokens to secure a network while receiving a tradable token that represents the staked assets.
Validator: A participant running a node to validate transactions and produce blocks on a proof-of-stake blockchain.