Kim Exchange

Okay, liquid tokens aren’t 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 rewards… ad nauseum.<h2 id="header-0">TF is a Liquid Staking Token?</h2>If you don’t already know, you’re ngmi. But dw, we’ll teach you in just a few paragraphs.There are two core types of liquid staking tokens. LSTs and LRTs.LST &#61; Liquid staking token - You stake your ETH 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 <a href="https://www.ankr.com/staking-crypto/" rel="noopener noreferrer nofollow">Ankr</a>, you’ll receive ankrETH which continues to earn the staking rewards from staking ETH whilst you have the liquidity in the form of the LST (ankrETH).LRT &#61; Liquid staking token - This is basically the same as LSTs but, in the majority of cases, they’ve restaked your ETH with Eigenlayer.TL;DR &#61; LRT &#61; double staked (kinda) &#61; more rewards.<h2 id="header-1">LSTs &amp; LRTs on Kim</h2>There are a tonne of LST and LRT opportunities on Kim. Let’s 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?!).<h2 id="header-2">ETH-wrsETH</h2>wrsETH from <a href="https://kelpdao.xyz/" rel="noopener noreferrer nofollow">KelpDAO</a> is a liquid restaking token. So, yep, that means you earn:<ul><li>ETH staking rewards simply by holding wrsETH</li><li>Kelp miles (this is just a cool way of saying points)</li><li>EigenLayer points, yep, just by hodling, if you provide LP on Kim you’l get…</li><li>BOOSTED 2x Kelp miles</li><li>Boosted Kim points</li><li>4x Boosted Mode points</li></ul>All the whilst retaining your EigenLayer points and base ETH rewards.<h2 id="header-3">weETH.mode-ETH</h2>weETH.mode from <a href="https://ether.fi/" rel="noopener noreferrer nofollow">EtherFi</a> - a wrapped version of eETH native to Mode - is another liquiid restaking token. Provide LP on Kim and snag:<ul><li>4x Mode points</li><li>Boosted Kim points</li><li>ETH staking rewards</li><li>EigenLayer staking rewards</li><li>3x EtherFi points</li><li>EigenLayer points</li></ul>Like, jeez, if the list gets much longer the article will be 10,000 words.<h2 id="header-4">ezETH-ETH</h2>Next up, ezETH from Renzo. No, we will not talk about any token graphs here. It’s another liquid restaking token so that means a f*ck load of rewards. Let’s take a look:<ul><li>4x Mode points</li><li>Boosted Kim points</li><li>ETH staking rewards</li><li>EigenLayer staking rewards</li><li>4x ezPoints</li><li>EigenLayer points</li></ul>Are you getting the picture yet? LSTs/LRTs &#61; reward printers with liquidity on Kim.– These are, of course, just a handful of LSTs/LRTs on Kim, you can always leverage your:pxETH from <a href="https://dineroismoney.com/" rel="noopener noreferrer nofollow">Dinero,</a> STONE from <a href="https://stakestone.io/" rel="noopener noreferrer nofollow">Stakestone</a> (kudos for not using something like stonETH when you named it, guys).There are more en route! Kim is home to liquid staking tokens. We’re 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 <a href="https://twitter.com/kimprotocol" rel="noopener noreferrer nofollow">X</a>, join us on <a href="https://discord.gg/59SjPDQW" rel="noopener noreferrer nofollow">Discord</a>, and provide liquidity.

Get Wet with Kim: Liquid Staking Token Takeover

Table of Contents

KIM Exchange

Other articles published on May 28, 2024

Why Pendle and a New Selection of Scaling Projects are Outperforming Bitcoin (BTC)

Solana Faces Potential Decline and Market Adjustments

Why This Altcoin Can Outperform EVERY Crypto Project

The Sandbox Launches DAO for Community Governance

Mt.Gox Cold Wallet Transfers 141,000 BTC to New Wallet Amid Repayment Plans!

Trump Wants to Use Bitcoin to Save U.S. Economy

Join our free newsletter for daily crypto updates!