Liquid Staking Evolution: New Protocols Entering the Arena

[Aurora..]

 

Liquid staking is becoming more popular in the ETH world, letting people stake without completely locking up their assets. As DeFi grows, we’re seeing new ideas in this area.

A recent newcomer is Swell. They mix liquid staking with restaking and give stakers rswETH tokens. They’re planning an L2 launch in 2024 and have raised $3.75 million in seed funding. Swell is already available pre-market on platforms like Bitget.

Combining liquid staking with restaking could offer higher returns, but remember, higher rewards usually come with higher risks.

What do you think about the future of liquid staking? Could protocols like Swell be the next big thing in DeFi, or is it too early to tell?

I’d love to hear your thoughts. And as always, be careful with new projects and do your own research.