Liquid Proof-of-Stake is a type of Proof-of-Stake used by the Tezos blockchain. Within this network, the staking process for block validation is called baking. To become a validator of the network, it is necessary to commit 8000 XTZ and manage a complete node. Validators are called ‘bakers’ and receive rewards in XTZ once blocks are added to the blockchain, while baked tokens are confiscated from them when they do not do their job properly. In the Tezos ecosystem, people can delegate their baking tokens to bakers via a smart contract, and then receive part of their reward. The advantage of Liquid Proof-of-Stake is that the staked tokens are not locked, but liquid, which means they can be used.