Birdwatch Note Rating
2024-04-29 12:47:00 UTC - HELPFUL
Rated by Participant: 808C406E499EDC88A5E26427C67F601BC2D6BD684AA18EAD974D659DD707EEE1
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Original Note:
This thread describes Liquid Staking Derivatives, which differs from Liquid Staking and carries undisclosed risks such as -Counterparty Risk -Smart Contract Risk -Derivative Depeg Risk -Tax Liabilities Blockchains that use Liquid Staking include Cardano, Mina, and Tezos. https://cexplorer.io/article/cardano-s-liquid-staking-from-a-security-perspective https://everstake.one/blog/staking-unstaking-and-redelegating-mina-tokens-the-next-level-of-staking-flexibility https://opentezos.com/tezos-basics/liquid-proof-of-stake
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