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Why RocketPool has Everyone TRIPPING on LSD (Liquid Staking Derivatives EXPLAINED)Before any further confusion commences, LSD stands for Liquid Staking Derivative. LSDs are derivatives based on staked tokens (such as ETH) but are liquid. Liquid Staking Derivatives (LSD) is a new type of crypto asset that offers traders the opportunity to benefit from the rewards of staking. These tokenized IOUs are known as Liquid Staking Derivatives (LSDs). They can be sold, traded or used in DeFi applications similar to regular.
