OVERVIEW

• What is LSD

Liquid Staking Tokens In most Proof of Stake (PoS) networks, including Ethereum, staking allows participants to earn rewards by facilitating transaction validation. However, tokens staked during this period become non-transferable, non-tradeable, and cannot be used as collateral, making them illiquid. Burst Finance introduces a solution to this liquidity issue. By leveraging a liquid staking provider, users can deposit their tokens to be staked on their behalf. In exchange, depositors are issued a voucher, which can be redeemed for the originally staked tokens. This voucher, representing the staked assets, becomes tradeable and can be used as collateral.

• LSD utility

With LSD tokens, you have the flexibility to trade on the market. However, selling them will cause staking rewards to cease. Suppose you want to invest in a high-potential coin while continuing to receive staking rewards? One option is to get a loan, but this method usually accrues significant interest, which can severely impact your staking rewards. Therefore, choosing an agreement with no interest, no liquidation, and the ability to automatically rebuild the loan will be your best choice at this time.

• Why We Choose BASE L2 Network

As we all know, As one of the best ETH L2 networks, the BASE mainnet is about to be launched, and the ecosystem is about to explode. We can’t wait to grow with this rising ETH ecological project and bring a better Defi experience to Blast users.

Now that you have an overview of Burst Finance, please read on for more exciting and detailed instructions.