Birdwatch Archive

Birdwatch Note Rating

2024-04-29 00:57:48 UTC - HELPFUL

Rated by Participant: DB180C5318E767D4E9168C3D5332EEF482EA11E89C3A688EA7F1EF54050D748A
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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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