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What is the term for a token that enables the trading of staked coins by liquidating them?

Lim How Wei
February 26, 2024

OverWallet is a blockchain entry with a soft-landing reward system.

You can get point rewards by completing daily activities and missions like quizzes.

The Blockchain Learning Hub has daily quizzes to enhance your blockchain knowledge.

To get started, sign up using this link mobile.over.network/en/invite/3SDAUQX99B or use “3SDAUQX99B” as the invitation code.

When you sign up using the invitation code, you’ll get a 1,000 P bonus.

To begin a quiz, open the OverWallet app, select the “Missions” tab, and select “Daily quiz”.

In this guide, you’ll learn the answer to “What is the term for a token that enables the trading of staked coins by liquidating them?” in OverWallet.

What is the term for a token that enables the trading of staked coins by liquidating them?

Question: What is the term for a token that enables the trading of staked coins by liquidating them?

Answer: LST (Liquid Staking Token).

Further reading

What is the name of the NFT project that attracted significant traffic in late 2017, highlighting Ethereum’s scalability issues?

What do we call an exchange that trades NFTs?

What is the term for the method that connects multiple DeFi platforms, akin to stacking blocks?

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Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.