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What Role Do Derivatives Play in Allowing Non-Validators to Gain Exposure to PoS Staking Rewards?

Derivatives like liquid staking tokens (LSTs) or yield-bearing tokens are a key mechanism. These are essentially derivatives that represent a staked asset and its accrued rewards.

Non-validators can hold these tokens to gain exposure to staking yield without running a validator node, providing liquidity and compounding returns.

How Is the “Yield” on an LSD Similar to a Dividend Yield on a Stock Derivative?
How Does Proof-of-Stake (PoS) Replace the Mining-Based Block Reward?
How Does Liquid Staking Provide Flexibility to Stakers?
What Is the Difference between Staking and Yield Farming?