The Proof of Stake Alliance (POSA), a nonprofit trade alliance, has revealed two white papers analyzing on the standing of deposit tokens in United States securities and tax legislation on Feb. 21. The papers had been authored by representatives of over 10 trade teams.
Liquid staking is the apply on blockchains utilizing a proof-of-stake consensus mechanism of issuing transferrable receipt tokens to indicate possession of staked crypto property or rewards accrued for staking. The tokens are also known as liquid staking derivatives, which is a time period the POSA objected to as being inaccurate, recommending that they be known as liquid staking tokens as an alternative. Liquid staking has seen a surge of curiosity for the reason that Merge.
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