New term: "staking token"

[cihati]

Checklist

• [X] This is a term not already found in the glossary (for similar terms, please consider the benefits of a new term vs updating an existing term)
• [X] This term/definition is not a product advertisement or contain other promotional content
• [X] This term/definition is directly relevant to Ethereum

Term name

staking token

Term definition

"Liquid staking tokens allow holders to stake ether and receive a derivative token that represents the locked cryptocurrency. This derivative can then be used across various crypto markets, effectively making the locked coins liquid." https://www.theblock.co/post/227889/binance-launches-liquid-staking-token-joins-growing-market-after-ethereums-latest-upgrade

Sources, if any (please do not submit copywrited content without appropriate approval)

No response

Ethereum.org links

No response

Additional context

No response

Would you like to work on this issue?

• [ ] Yes
• [X] No

[github-actions[bot]]

This issue is stale because it has been open 45 days with no activity.

[wackerow]

Thanks @cihati!

Would be curious thoughts from others here. I'm not sure the term "staking token" is optimal what what people will be looking for, but haven't researched it from an SEO standpoint. Would imagine "Liquid staking token" would be more appropriate.

Liquid staking tokens allow holders to stake ether and receive a derivative...

We should define the term without using the term. If we're defining a liquid staking token, try beginning with "A derivative token representing..."

Requesting comments from others... with consensus, happy to open up to community for a PR.

[corwintines]

Thanks @cihati!

Agree with @wackerow, I think we can add this, but would use the termLiquid staking token and not just Staking token.

[github-actions[bot]]

This issue is stale because it has been open 30 days with no activity.