Birdwatch Note Rating
2024-04-28 16:48:36 UTC - HELPFUL
Rated by Participant: B870FFB4497745F57CBAE8F8234866F35CE813442D4D2B251A8115769BCB337B
Participant Details
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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