Liquid Staking Tokens: Yield Mechanics, Unbonding Liquidity Solutions, and Portfolio Risk Management Strategies
Introduction
Liquid Staking Tokens (LSTs) have emerged as one of the most powerful innovations at the intersection of proof-of-stake (PoS) networks and decentralized finance (DeFi). By transforming locked validator deposits into freely tradable assets, LSTs allow investors to earn staking rewards while retaining the flexibility to deploy capital across other