Glossary
Liquid staking token
A token representing a staked position, tradable while the underlying assets remain locked in the protocol.
Liquid staking tokens sit awkwardly in accounting standards. Whether one is itself an in-scope crypto asset, or a claim on another asset and therefore outside scope, is not settled — and the answer changes the measurement basis entirely.
The mechanics differ too: some rebase, changing balance while price tracks the underlying; others accrue value in the price. Those produce different revenue-recognition patterns for what economically is the same return.
Where this comes up
Need this applied to your situation?
Definitions only get you so far. Tell us where you are established, where your customers are and what you hold.