How does liquid staking differ from staking?

While traditional staking offers a steady stream of passive income, it also restricts the liquidity of the staked assets. Users cannot freely trade or utilize their funds during the staking period, which can be a drawback for those who need access to their investments.

Through BTCC's liquid staking platform, users can easily stake their assets and receive liquidity tokens that they can trade or use in various DeFi protocols. This allows them to maximize their returns while maintaining the flexibility to access and utilize their funds whenever needed.

To address this issue, liquid staking has emerged as an innovative solution. It allows users to stake their assets while maintaining the ability to access and trade them through liquidity tokens. These tokens represent the underlying staked assets and can be traded on exchanges or used in decentralized finance (DeFi) protocols.

By enabling liquidity, liquid staking provides users with a unique opportunity to earn dual rewards. They continue to receive staking rewards for their contribution to the network, and at the same time, they can earn additional yield by participating in DeFi protocols with their liquidity tokens.

BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services, including spot trading, futures, and wallet solutions. Among its offerings, BTCC also provides liquid staking services to its users.