Okay, liquid tokens arenât actually gonna get you wet (get your head out the gutter).
BUT, they will unlock a whole new avenue for you to earn rewards with your crypto.
On Mode, Kim is leading the way in making sure you can get rewards on rewards on rewardsâŠÂ ad nauseum.
TF is a Liquid Staking Token?
If you donât already know, youâre ngmi. But dw, weâll teach you in just a few paragraphs.
There are two core types of liquid staking tokens.
#LST s and
#LRT s.
LSTÂ = Liquid staking token - You stake your
#ethurum with a staking provider and, in return, they give you another token which is redeemable for your ETH.
That way you can continue to earn staking rewards of the protocol whilst freeing up liquidity to leverage opportunities in the DeFi ecosystems (ONLY KIM).
E.g - you deposit 1 ETH into ANKR, youâll receive ankrETH which continues to earn the staking rewards from staking ETH whilst you have the liquidity in the form of the LST (ankrETH).
LRTÂ = Liquid staking token - This is basically the same as LSTs but, in the majority of cases, theyâve restaked your ETH with
#EigenLayer TL;DR = LRT = double staked (kinda) = more rewards.
LSTs & LRTs on Kim
There are a tonne of LST and LRT opportunities on Kim. Letâs take a look at a few of them and what rewards you can snag.
Remember, 100% off the verified LPs on Kim award you 4x Mode points so you can slurp up some of that delicious $MODE when the TGE goes live (btw, Mode Foundation, WEN?!).
ETH-wrsETH
wrsETH from KelpDAO is a liquid restaking token. So, yep, that means you earn:
ETH staking rewards simply by holding wrsETHKelp miles (this is just a cool way of saying points)EigenLayer points, yep, just by hodling, if you provide LP on Kim youâl getâŠBOOSTED 2x Kelp milesBoosted Kim points4x Boosted Mode points
All the whilst retaining your EigenLayer points and base ETH rewards.
weETH.mode-ETH
weETH.mode from EtherFi - a wrapped version of eETH native to Mode - is another liquiid restaking token. Provide LP on Kim and snag:
4x Mode pointsBoosted Kim pointsETH staking rewardsEigenLayer staking rewards3x EtherFi pointsEigenLayer points
Like, jeez, if the list gets much longer the article will be 10,000 words.
ezETH-ETH
Next up, ezETH from Renzo. No, we will not talk about any token graphs here. Itâs another liquid restaking token so that means a sh*t load of rewards. Letâs take a look:
4x
#Mode pointsBoosted Kim pointsETH staking rewardsEigenLayer staking rewards4x ezPointsEigenLayer points
Are you getting the picture yet? LSTs/LRTs = reward printers with liquidity on Kim.
â These are, of course, just a handful of LSTs/LRTs on Kim, you can always leverage your:
pxETH from Dinero, STONE from Stakestone (kudos for not using something like stonETH when you named it, guys).
There are more en route! Kim is home to liquid staking tokens. Weâre on a mission to becoming the deepest liquidity in the Superchain by providing the highest rewards. Gracias, Amigos Adios for now. Provide liquidity. Get rewarded.
Follow us on X, join us on Discord, and provide liquidity.