What is the Best Liquid Staking Platform?

Introduction

Earning passive income is a good thing and getting a good product to earn passively is better. In crypto, staking is a popular way people earn passively. Investors delegate their coins to  validators and earn periodic rewards on them. An improvement on it has been developed and that is liquid staking, where users get to enjoy the benefits of staking and more.

They get derivative tokens which they can use to participate in the DeFi market. There are several liquid staking platforms in the space but for an investor exploring this niche market whether as a pro or inexperienced, getting the best platform that sorts out all your needs for you is the best.

Qualities of a Good Liquid Staking Platform

The best liquid staking platform must be convenient to use. Crypto in itself is fundamentally complex and technical and hence its product needs to be convenient to use. It is of no wonder “crypto made easy” is a popular cliché in the ecosystem. A liquid staking platform should make things simple with just a click or a few of those and also permit all types of users to use. The more technical and difficult a dApp is, the less useful it is to crypto retail users.

In addition to providing users with the best convenient platform to use, a good liquid staking platform has a solid team and great community of supporters. The community supports the project and gets supported promptly. Users also get a variety of options to choose from and their deposited assets are protected with the best security.

Liquid Staking offer Strong Tokens

A good liquid staking platform also ensures utilities are generated for the stkASSETs through a series of partnerships and activities. TVL is likewise important as it shows there is trust and many people are staking there. This and many more makes a great liquid staking platform.

Additionally, a good liquid staking platform needs to offer strong tokens for people to liquid stake. A great example of one such token is ATOM, liquid staking ATOM is really popular among stakers, so platforms that want to gain popularity should consider supporting ATOM. 

What is the Best Liquid Staking Platform

A number of liquid staking platforms exist in the space. On DeFiLlama, one of the industry’s best tracker, there are around 50 liquid staking platforms. These include Lido, the most popular, Ankr, pStake and many more. pStake posits as the best liquid staking platform because of how it fits the most important aspects of a good platform.

There is a huge community backing pStake and the team is always doing their best to make pStake the best. There are now a variety of coins to choose from at pStake and the TVL has improved tremendously ever since the platform went live. pStake is also one of the pioneering dApps to start liquid staking in the crypto ecosystem. Visit us

It is also built on one of the trusted, resilient and most utilized blockchains in the space, Persistence One, giving it good security. The platform also supports several networks like Ethereum, Cosmos, BSC with more yet to come.

Conclusion

When it comes to liquid staking, there are many options. It is a developing market and it is prudent to go with the best and trusted platforms. pStake is a liquid staking pioneer, supports multiple chains, gives users a variety of options, strives to enhance the utility and use cases for derivative tokens, and does more. That makes it one of the best in the space.