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# Liquid Staking This page is about liquid staking of veOCEAN using psdnOCEAN. ### Background & Motivation Once you lock OCEAN, you get veOCEAN. Unlike OCEAN, veOCEAN cannot be traded or transferred. This is by design, to reconcile near-term and long-term incentives. Commit to holding OCEAN longer, and you earn more in the near term. But what if there _was_ a way to have lots of locked OCEAN, yet get tradeability? That's the idea of "liquid staking". In many ways, it's the best of both worlds. ### Liquid Staking in Ocean **psdnOCEAN is a "liquid staking wrapper" for veOCEAN:** - It holds veOCEAN - And it allows transfers (using ERC20 interface) psdnOCEAN is a product by [H2O](https://www.h2odata.xyz//), a team separate from - and collaborating with - the Ocean core team. While you can't trade veOCEAN, **you can trade psdnOCEAN.** ### How to get OCEAN -> psdnOCEAN You can lock OCEAN for psdnOCEAN via [the H2O "convert" dapp](https://liquid-staking.h2odata.xyz/convert/ocean). ### How to get psdnOCEAN -> OCEAN psdnOCEAN can be traded in exchanges, for both psdnOCEAN -> OCEAN, and vice versa. The main exchange option is the [OCEAN-psdnOCEAN Balancer pool](https://app.balancer.fi/#/ethereum/swap?outputCurrency=0x51Fa2efd62ee56a493f24AE963eAce7D0051929E). - [Here are pool details.](https://app.balancer.fi/#/ethereum/pool/0xf8c4cd95c7496cb7c8d97202cf7e5b8da2204c2b00020000000000000000039e). ⚠️Be careful - if liquidity is low you will experience high slippage. ### Rewards to psdnOCEAN holders Since psdnOCEAN holds veOCEAN, then Passive DF rewards go to that psdnOCEAN-held veOCEAN according to the usual Passive DF rules. Over time, psdnOCEAN may also get rewards from other DF streams or protocols too. ### psdnOCEAN Resources [Here's](https://blog.oceanprotocol.com/psdnocean-the-first-liquid-staking-wrapper-by-the-h2o-team-is-now-live-a3330e15fa5c) the original psdnOCEAN announcement. psdnOCEAN contract & token info can be found at: - [Etherscan](https://etherscan.io/token/0x51fa2efd62ee56a493f24ae963eace7d0051929e) - [CoinGecko](https://www.coingecko.com/en/coins/poseidon-ocean) - [GeckoTerminal](https://www.geckoterminal.com/eth/pools/0xf8c4cd95c7496cb7c8d97202cf7e5b8da2204c2b)