Liquid staking is a cryptocurrency innovation that is designed to give crypto investors the best of both worlds: the ability to earn passive income on their crypto while also retaining the ability to trade a liquid asset. Although there are advantages of liquid staking, some people are concerned that it leads to centralization in the crypto ecosystem. Further, liquid staked tokens represent a claim on underlying crypto and are not the same as owning the crypto itself. As with all my posts, this is not financial advice.