Liquid staking is a new way of staking crypto that allows users to earn rewards on their digital assets without having to lock them up for a long period of time. Basically this type of staking provides users with a more flexible and liquid way of earning rewards on their crypto assets.
Recently, Pancakeswap and Binance have partnered to offer “liquid staking” to their users. This partnership allows users to stake their digital assets on Pancakeswap and receive rewards from Binance, isn't this great?Users would benefit from the liquidity of Pancakeswap and the rewards from Binance.
https://blog.pancakeswap.finance/articles/liquid-staking-integration-with-binance-earn-stake-eth-and-receive-wbeth-to-earn-eth-staking-rewards
Advantages of liquid staking are:
- Flexibility: Liquid staking would allow users to easily move their digital assets between exchanges without having to lock them up for a long period of time making your staking”Flexible”. This makes it easier for users to quickly move their digital assets between exchanges when needed.
- Increased Liquidity: By allowing users to stake their digital assets on Pancakeswap and receive rewards from Binance, the partnership between the two exchanges increases the liquidity of both platforms.
- Increased Rewards: By staking their digital assets on Pancakeswap and receiving rewards from Binance, users can earn higher rewards than they would if they were to stake their digital assets on a single exchange.
- Security: Liquid staking is a secure way of earning rewards on digital assets as users do not have to lock their digital assets up for a long period of time. This makes it easier for users to quickly move their digital assets between exchanges when needed.