‘Liquid staking’ is one pocket of crypto seeing big growth this year. Here’s what investors need to know

The total value of crypto assets locked in liquid staking protocols has grown 131.6% from the beginning of this year.

It's been a tough summer for cryptocurrency as prices trade in a narrow range and trading volumes slump , but one corner of the market is growing: liquid staking protocols. Liquid staking protocols give investors access to liquidity while staking their funds. Generally, staking gives investors a way to earn yield on their crypto by locking up tokens on a network for a period of time.

Rewards vary by network, but generally the more you stake, the more you earn. The "Merge" event last September turned Ethereum into a proof-of-stake network that allowed staking. Then, this year's Shanghai upgrade made it possible for stakers to withdraw those staked assets. The problem is that staking itself is a pretty illiquid activity, according to Riad Wahby, CEO of Cubist, a company that builds infrastructure to make liquid staking easier.

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