What is stKSM?
stKSM is a liquid token that represents your share of the total xcKSM pool deposited with Lido. As soon as you delegate to the pool, you receive the newly minted stKSM.
Over time, as your KSM delegation accrues rewards, the amount of your stKSM increases. Interestingly, there is no waiting time for receiving stKSM tokens.
When a user delegates their KSM tokens, they do not need to perform or wait for the completion of any delegation or activation steps, as is the norm in traditional staking. The user can instantly exchange stKSM for xcKSM at any time in the open market.
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Who is the Issuer of stKSM?
stKSM DeFi Integrations
Explore apps and services using stKSM:
dApp
Use case
Link
LSD Utility
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