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What is Liquid Staking (Fantom)?

Crypto Terms Glossary: What is Liquid Staking (Fantom)?

Liquid Staking is a feature that allows stakers to mint the sFTM coin on a 1:1 ratio to their staked FTM coins, in order to provide collateral in Fantom Finance, which is a suite of Fantom DeFi apps. This functionality allows users to get more use out of their staked FTM. Collateralized Liquid Staking services through the Fantom network help users participate in Fantom Finance by making use of: fUSD: a Fantom-based stablecoin that's pegged to the U.S. dollar, fSwap: a synthetic asset decentralized trading platform, fLend: a liquidity pool from which users can lend or borrow.

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