Ethereum Liquid Staking Implementation
Liquid Collective is a decentralized liquid staking protocol. Multi-chain capable, the protocol launched first for Ethereum liquid staking and aims to implement liquid staking for other protocols in the future.
This documentation is specific to Liquid Collective's Ethereum liquid staking implementation.
Liquid staking enables participants to contribute to the security and decentralization of proof of stake networks, while providing increased liquidity and capital efficiency.
When a user deposits a token (ETH) into the Liquid Collective protocol, they receive a liquid staking token, Liquid Staked ETH (LsETH) that evidences legal and beneficial ownership of the staked ETH as well as any network rewards that accrue to the staked ETH, minus protocol service fees and network slashing penalties, if any. The receipt token can be transferred, stored, traded, and utilized in decentralized finance (DeFi) or supported decentralized apps (dapps).