What is Liquid Staking?

A simple analogy Imagine you have some money in a savings account. You earn interest on it, but you can’t use that money for anything else until you withdraw it. Now, what if there was a way to get a certificate that represents your deposit? You could use that certificate to make purchases or invest elsewhere, all while still earning interest on your original deposit. That’s similar to what liquid staking offers in the world of cryptocurrency.

In this article, we’ll break down the concept of liquid staking, starting with the basics of staking and building up to how it works on BNB.