Blockdaemon launched support for Liquid Collective to offer liquid staking and joined the protocol’s active set as a Node Operator.
Blockdaemon successfully joined the Liquid Collective protocol’s active set as a Node Operator, becoming the first to join the active set since mainnet launch! Our industry-leading node infrastructure further diversifies Liquid Collective’s active set of Node Operators, contributing to a more decentralized and resilient liquid staking network.
Liquid Collective is the secure and trusted liquid staking protocol. The protocol is designed to meet the needs of institutions and is built and operated by a collective of leading web3 teams, including Blockdaemon.
Traditional staking often requires a balance between the benefits of securing rewards and the limitations of locking up tokens, which can hinder their utility on the network. Liquid staking improves this process by improving the capital efficiency of your staked ETH. Liquid Staked ETH (LsETH) is a liquid staking token representing your staked ETH, plus any Ethereum network rewards accrued minus any fees or penalties.
Through liquid staking, by depositing ETH and receiving LsETH, you retain the liquidity of your assets while still accruing staking rewards. Blockdaemon is integrating Liquid Collective's ecosystem into the platform, providing LsETH as a dynamic and fully integrated solution, specifically designed to meet the strict requirements of institutional clients. In addition to supporting Liquid Staked ETH (LsETH) minting, redemption, and custody, LsETH will be integrated as the exclusive liquid staking solution in the Blockdaemon wallet products.
Network rewards accrue and are automatically staked on a daily basis while you hold LsETH.
LsETH allows users to directly participate in ETH staking while also maintaining the ability to use LsETH in decentralized finance (DeFi).
Experience immediate access to staking, all while maintaining liquidity and earning staking rewards.
3 layers of slashing coverage for all LsETH holders.
“Our decision to make LsETH the exclusive liquid staking solution within the Blockdaemon Wallet strongly reflects our commitment and enthusiasm for joining the Liquid Collective"
Konstantin Richter, CEO & Founder of Blockdaemon
Contact us to learn more about liquid staking.
