Crypto Exchange Coinbase Introduces Liquid Staking Token Before Ethereum Merge

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Crypto Exchange Coinbase Introduces Liquid Staking Token Before Ethereum Merge
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Crypto exchange coinbase introduces its own liquid token in anticipation of Ethereum’s switch to proof-of-stake in September Reports Aoyon_A

The token will be Ethereum-based and after the Merge, can be used to stake ether , the native token of the network, through Coinbase, according to the tweet. Liquid staking allows investors to generate extra yield on top of standard rewards for staking or locking coins in a network.

Aside from this liquid token there have been other services that are expected to provide similar services. On July 19, Lido Finance said it will

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