Top U.S. Cryptocurrency Exchange Coinbase Launches altcoin Liquid Staked Ethereum (Luces) on the roadmap of the list.
Liquid Stake ETH is new “Receipt Token” Investors will invest Ethereum (ETH) in Liquid Collectiveliquid staking protocol.
Liquid Collective Note Its staking method differs from traditional staking where users lock their tokens.
“While traditional staking methods are subject to bonding and debonding periods (days to weeks), liquid staking provides increased liquidity and capital efficiency for staking. Token holders stakes tokens and receives receipt tokens as proof of ownership of staked tokens, which can be transferred, stored, traded, and used in DeFi [decentralized finance] or supported DApps [decentralized applications]”
LSETH is trading at $1,668 at the time of writingThis is slightly above ETH, which is trading at $1,647.
coin base Created Last year’s listing roadmap to increase transparency and reduce the likelihood of listing announcements being ahead of schedule.
Coinbase CEO Brian Armstrong said the exchange aims to list as many crypto assets as possible, as long as they meet the company’s standards.
“It’s like Amazon, you might have 3 stars or 5 stars on a product, but when you start getting 1 star consistently, it’s probably fraudulent or defective or something and it’s probably Amazon will remove it. Otherwise, you’ll want to let the market decide what these are.”
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