Liquid staking

With liquid staking you stake a coin through a protocol and get a token back that stands for the staked coin plus its rewards.

What it means

That token can be traded or used in DeFi while the coin stays staked, but it adds smart contract risk, it can trade below the staked coin, and getting the coin itself back can mean a waiting time to unstake.

What to watch

How close the token trades to the coin it stands for, how long unstaking takes, and how the protocol's smart contracts have held up.

How Compass-Alpha uses it

In Wallets, known liquid staking tokens in your saved wallets are shown as staked positions under Staked and lent, apart from the regular token list.