Among the different cryptocurrency trading strategies, staking is one of the popular choices of crypto traders. Users can take part in the DeFi ecosystem and access potentially higher returns. However, there will be some risks too. Compared to mining, staking offers relevantly secure rewards. Also, DeFi and staking were unable to work concurrently, sowing the first seed for the introduction of liquid staking.
Liquid staking enhances the overall strength and security of the network. This process dissolves the entry barrier that keeps investors dubious about staking. Also, it enables users to get incentivized for staking their capital. Thus, the number of nodes on the network will increase, increasing the staked funds and the network’s strength.
If you want to integrate the liquid staking feature into your exchange, you might require the aid of a skilled cryptocurrency exchange development service provider.