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LST Adoption

Definition

LST Adoption refers to the increasing acceptance and integration of Liquid Staking Tokens across various decentralized finance protocols and platforms. Liquid Staking Tokens represent staked cryptocurrency, allowing holders to retain liquidity while earning staking rewards. This enables users to participate in additional DeFi activities, such as lending or borrowing, using their staked assets. Growing LST adoption indicates a maturation of staking derivatives markets.