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Liquid Staking Token (LST)
A transferable token that represents staked assets while they remain locked with validators — for example stETH, rETH, or mSOL. Also searched as liquid staking derivative (LSD). LSTs let holders earn staking rewards and still use the token in DeFi as collateral or liquidity. Distinct from LRTs, which add a restaking layer on top of LSTs.
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