What is Green Liquid staking? - Crypto in Plain English - Episode 270 - by cryptohunt.it

What is Green Liquid staking?

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Cryptohunt has its office in the heart of San Francisco in the Celo Community center where we sit next to other startups in an amazing co-working space.

One of those startups is “Spirals”, a team dedicated to offsetting carbon emissions through a process called “green liquid staking”.

You may remember: Staking is the process of locking up your crypto assets in order to validate transactions. People who stake crypto get rewards - similar to interest on a savings account.

Liquid staking is the same process but you do not have to lock up your assets. Instead, you get another token in return, which symbolizes your staking investment. Anyone can always exchange that back - making it as valuable as the original crypto you staked. This is as if you took a loan against your savings account, all while still earning interest.

But what makes it green liquid staking? Our friends from Spirals offer liquid staking but instead of paying you interest, they use that income to do something for the planet. Every dollar your money earns goes into offsetting CO2 by planting trees or supporting other climate initiatives - based on how you vote. We think that’s really awesome and if you do too, check it out at spirals.so.

So: if you have some crypto lying around, think about staking - ideally in a green liquid form so you can save the planet while you are out there enjoying all it has to offer.

And if you are wondering why your bank doesn’t offer this: Because they play with your money for their own benefit, often investing in oil and gas industries without telling you. We say: No more. Green liquid staking is one of those things that clearly show how crypto will empower us to change the world.

Learn more about Spirals: https://www.spirals.so/

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.