Liquid Staked ETH (LSETH) is a fungible receipt token based on the Ethereum ERC-20 cToken model. It is obtained by depositing ETH into the Liquid Collective protocol, representing ownership of staked ETH and accrued network rewards. Liquid staking offers increased liquidity and capital efficiency. The protocol is governed by a decentralized community and aims to become the standard for liquid staking. LSETH can be transferred, traded, and used in DeFi or supported dapps. It is part of the broader Liquid Collective, an enterprise-grade liquid staking standard.
