Cryptocurrency Q&A
What is the LST for DeFi?
What is the LST for DeFi?
Tommaso
Wed Jun 26 2024
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7 answers
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Could you please elaborate on the term "LST" in the context of Decentralized Finance (DeFi)? As a professional practitioner in the field of cryptocurrency and finance, I'm aware of the growing popularity and significance of DeFi, but I'm not entirely familiar with the abbreviation "LST" being specifically associated with it. Is it a new protocol, a token, or perhaps a specific strategy within the DeFi ecosystem? Clarifying this term would help me and others in the community to better understand its application and significance within the broader DeFi landscape. Thank you for your assistance in clarifying this matter.
7 answers
Elena
Fri Jun 28 2024
The integration of LSTs in DeFi allows users to leverage their staked assets without losing control.
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Riccardo
Fri Jun 28 2024
Simultaneously, LSTs accrue rewards from the underlying staked assets, providing additional incentives.
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GyeongjuGrace
Fri Jun 28 2024
LSTs, representing ownership of underlying staked assets, serve as a unique financial instrument.
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CryptoWizard
Fri Jun 28 2024
This dual functionality of LSTs in DeFi has led to the emergence of a new term: LSTfi.
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AzureWave
Fri Jun 28 2024
LSTfi refers to the utilization of LSTs in DeFi protocols and other Web3 frameworks.
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