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Understanding the Binance Liquid Staking Zone in the Crypto Ecosystem
Liquid staking lets users earn rewards by staking their crypto, without locking it up. Instead of keeping your tokens stuck in one place, liquid staking gives you special tokens (called derivatives) that represent your staked assets. You can trade or use these new tokens while still earning rewards from staking.
It’s kind of like earning interest on money in a savings account, while still being able to spend it using a debit card.
The charts below highlight leading Liquid Staking crypto tokens, showing their performance and trends.