LST Lending

Liquid Staking Tokens (LSTs)

Liquid Staking Tokens (LRTs) are tokenized derivatives that represent staked assets, allowing you to unlock liquidity while still earning staking rewards.

When you stake $KAIA to Lair Finance, your $KAIA is locked. LSTs let you convert that staked $KAIA into a derivative asset, which can then be used freely across supported DeFi platforms.

How LSTs Work

Here’s a simple breakdown of how LSTs function:

• Users stake their assets (e.g., $KAIA) through a liquid staking protocol.

• The protocol issues LST tokens (such as $stKAIA) in a 1:1 ratio, which represents the staked $KAIA.

• These LST tokens can be traded, lent, or used in various DeFi applications, all while continuing to earn staking rewards.

On top of staking rewards, users can also collect points from both the liquid staking protocol and any partnered protocols.