Description
LSP Finance provides a secure and decentralized liquid staking solution for the Aptos network. Users can stake their APT tokens through the protocol and in return receive lsAPT, a liquid derivative token. This lsAPT token represents their staked position and continues to accrue staking rewards, but can also be traded, lent, or used as collateral in various other decentralized finance (DeFi) applications on Aptos. This mechanism allows token holders to maintain liquidity and pursue additional yield opportunities without sacrificing their staking rewards. The protocol emphasizes security, having undergone audits, and also offers validator services to contribute to the decentralization and stability of the Aptos blockchain. Their target clients are APT token holders and participants in the Aptos DeFi ecosystem.