HODL: End users can keep LDOT to appreciate staking devoid of owning earnings occasions induced on-chain though staking
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Although Ethereum is typically thought of as the go-to for DeFi tasks because of its strong community and wide umbrella of use circumstances, it unquestionably doesn’t stand by itself.
Liquid staking is analogous, for a consumer stakes their asset, gets a liquid staking token for a receipt representing their staked asset, then can perform because they be sure to with their liquid staking token. When they’re wanting to get their original staked token again, they merely redeem their liquid staking tokens for their assets.
Tokens inside the DOT ecosystem which were staked typically unbond following a duration of about 28 days. By not being forced to anticipate the unbonding period, buyers of Acala’s LDOT can retain their money liquid and devote their tokens When they need to.
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