Liquid Staking Token
A liquid staking token (LST) is a token you receive when you stake an asset via a liquid staking protocol. The LST represents your staked position and can often be used in DeFi while still earning staking rewards. This can increase capital efficiency, but it also adds layers of risk.
LST ecosystems frequently influence airdrops because they generate measurable on-chain activity and long-term participation signals. For example, Jito is a Solana liquid staking protocol, and its JTO airdrop (Dec 2023, Solana L1) referenced staking and ecosystem engagement patterns around liquid staking usage.
In a Coins Farm metaphor, an LST is a “receipt token” for your stored harvest that can still be used in the town market. CoinsFarm.com™ can teach the idea as a gameplay tool-deposit coins, get a receipt item you can trade or use-while keeping real-world DeFi complexity optional and clearly separated from casual play. Keep it legit: avoid automation, account selling, and gray-market trading that can lead to scams or bans. Keep it legit: avoid automation, account selling, and gray-market trading that can lead to scams or bans. Built for safe learning and fun on CoinsFarm.com™. #CoinsFarm #Coins
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