Introduction

What is Liquid Staking?

Liquid staking allows users to stake and earn yields without locking their assets into a protocol. To achieve that, users will have to deposit staking tokens into staking pools and will receive a token receipt of the corresponding liquid staked token. With that, users can use the token within the ecosystems for various yield strategies to maximize their earnings without the need of unstaking.

What is LCRO, LATOM, LTIA or LETH?

LCRO is the token receipt of liquid staked CRO that users will receive after staking CRO with Veno. LCRO is an auto-compounding yield-bearing token, where its internal exchange rate on Veno will increase over time when compared to CRO based on CRO staking yield on Cronos PoS.

As users automatically accrue the CRO staking yield value in their LCRO token; LCRO can thus be used freely across the Cronos DeFi ecosystem. LCRO holders will: (1) be able to utilize them as collateral while earning staking yield, (2) be able to find immediate CRO liquidity with low fees, and many more.

LATOM, LTIA, and LETH are the respective token receipts of liquid staked ATOM, TIA, and ETH following the same concept. LATOM and LTIA are the be used in the Cronos ecosystem while earning staking yield, while LETH is to be used in the zkSync Era ecosystem.