liquid staking token (LST)

Definition

A derivative token that represents ownership of the locked cryptocurrency that a user is staking. Upon staking an asset, some platforms allowing minting of liquid staking tokens (LSTs), which represent an equivalent share of the locked tokens. These LSTs can then be traded, sold, or used in other DeFi protocols, improving capital efficiency for the staker by allowing access to liquidity from their funds, even while their original assets remain staked.

Suggested translation

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流动性质押代币 (LST)
Prose
流动性质押代币 (LST)
Heading
LST
Tag
质押获取 LST
UI

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