Crypto’s newest narrative is liquid staking, as platforms and tokens have been taking off recently.

Ethereum will go through the Shanghai upgrade in March, which releases ETH staked on the Beacon Chain. Industry analysts believe this will be good news for liquid staking protocols as they offer better incentives and yields. As opposed to direct staking, they provide a more flexible way to stake and earn without having to lock up the collateral.

On Jan. 10, “Viktor DeFi” told his 13,000 followers:

“Liquid Staking Derivatives (LSD) is blowing up with the upcoming Ethereum’s Shanghai Upgrade.”