Understanding LSDs
Liquid Staking Derivatives (LSDs) on the Metis blockchain are innovative financial instruments that allow users to stake their METIS tokens while retaining liquidity. When you stake your METIS tokens through platforms like Artemis Finance, you receive an equivalent amount of a liquid token, such as artMETIS. This token represents your staked METIS and can be used within the DeFi ecosystem for additional earning opportunities, such as lending, borrowing, or trading, without losing the staking rewards.
Benefits of Metis-based LSDs:
Liquidity Retention: Stake your METIS tokens while still having access to their value through liquid tokens.
Enhanced Earnings: Use liquid tokens in various DeFi applications to maximize returns.
Flexibility: Move and utilize your staked assets across different platforms without unstaking.
Security: Enjoy staking rewards while maintaining liquidity, ensuring you don’t miss out on potential profits from market opportunities.
How It Works with Stablis
Stake METIS Tokens: Users stake their METIS tokens on platforms that support liquid staking derivatives (LSDs), such as Artemis Finance.
Receive artMETIS Tokens: In return, users receive artMETIS tokens, representing their staked METIS.
Use artMETIS as Collateral: Anyone can then open a chest on Stablis and use artMETIS as collateral to mint USDs.
Earn Dual Rewards: While the artMETIS tokens are used as collateral in Stablis, users continue to earn staking rewards from the original staked METIS.
Maintain Liquidity: Users have the flexibility to utilize their staked assets across the DeFi ecosystem, increasing liquidity and earning potential without needing to unstake their METIS.
This process enables users to maximize their returns by leveraging both the staking rewards and the opportunities within the Stablis ecosystem.
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