Hub 使用的 x/liquid 模块包含支持流动性质押的类型和 API。 你可以在我们的模块文档中了解更多信息。

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什么是 LSM 份额

LSM 份额是委托份额的衍生物。它们与特定的委托人和验证者配对绑定，并代表底层的委托份额。 通过发行 LSM 份额，底层已质押的 ATOM 可以在仍然可被惩罚性削减的前提下获得“流动性”。LSM 份额是一种可在各种 DeFi 协议中使用的代币，也可以在用户之间，或通过 IBC 在不同链之间转移。 LSM 份额不是同质化代币（因为它们与特定的委托人/验证者配对绑定），并且由 Hub 直接发行，因此除 Cosmos Hub 自身外，不依赖任何其他实体的安全性。

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优势

通过将你已质押的 ATOM 代币化为 LSM 份额，你既能保留质押的收益与权益，又能更灵活地在 DeFi 协议和平台中使用这些份额。 由 Hub 发行的 LSM 份额为 stATOM、dATOM 等流动性质押衍生品提供支撑，也是 Hydro 平台的核心基础。
The x/liquid module used by the Hub includes types and APIs that enable liquid staking. You can read more about it in our module documentation.

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What are LSM shares

LSM shares are derivatives of the delegation shares. They are tied to a delegator and a validator pair and they represent the underlying delegation shares. By issuing LSM shares, the underlying staked ATOM can become “liquid” while still being slashable. The LSM shares are tokens that can be used in various DeFi protocols and transferred between users or between chains via IBC. LSM shares are not fungible (as they are tied to a delegator/validator pair) and are issued by the Hub directly and thus don’t depend on the security of any entity other than the Cosmos Hub itself.

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Benefits

By tokenizing your staked ATOM into LSM shares, you maintain the benefits of staking while gaining flexibility in using these shares in DeFi protocols and platforms. The LSM shares issued by the Hub are powering liquid staking derivatives like stATOM or dATOM and they are the backbone of the Hydro platform.