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TVL $84.7BAPY 2.5-4.5%Low risk

Liquid Staking

Staking derivatives that remain liquid while earning staking rewards.

Networks
Ethereum
Top protocols
LidoRocket PoolCoinbaseFrax

What is Liquid Staking?

Liquid staking lets you stake assets like ETH while receiving a liquid token (LST) that represents your staked position. You earn staking rewards while maintaining the ability to use, trade, or DeFi your LST.

How Liquid Staking Works

Deposit: Stake ETH (or other assets) with a liquid staking protocol Receive LST: Get a liquid token like stETH, rETH, or cbETH Earn Rewards: Your LST accrues value as staking rewards compound Use in DeFi: LSTs can be used as collateral, LP'd, or traded

Top Liquid Staking Tokens

  • stETH (Lido): Largest LST by TVL, rebasing model
  • wstETH: Wrapped stETH, non-rebasing for DeFi compatibility
  • rETH (Rocket Pool): Most decentralized LST
  • cbETH (Coinbase): Institutional-grade, regulated

LST Mechanisms

Rebasing (stETH): Token balance increases daily with rewards Value-Accruing (rETH, wstETH): Token price increases vs ETH

Risks to Consider

  • Smart Contract Risk: LST protocol vulnerabilities
  • Slashing Risk: Validator penalties could affect LST value
  • Depeg Risk: LST could trade below ETH parity
  • Centralization: Some LSTs have concentrated validator sets

Getting Started

  1. Choose an LST based on decentralization and DeFi integration
  2. Stake ETH directly or swap for LST on DEX
  3. Use LST in DeFi or simply hold
  4. Unstake anytime (may have delays)

Liquid Staking Products (13)

ProductProtocolNetworkTVLAPYRisk
Lido Staked Ether
stETH
Lidoethereum$29.5B2.45%Low risk
Wrapped stETH
wstETH
Lidoethereum$13.3B2.55%Low risk
Wrapped Beacon ETH
wBETH
Binanceethereum$12.0B2.44%Low risk
Wrapped Beacon ETH
wBETH
Binancebsc$12.0B2.42%Low risk
Rocket Pool ETH
rETH
Rocket Poolethereum$1.4B2.19%Low risk
Rocket Pool ETH
rETH
Rocket Poolarbitrum$1.4B2.19%Low risk
Rocket Pool ETH
rETH
Rocket Poolbase$1.4B2.19%Low risk
Synclub staked BNB
snBNB
Synclubbsc$1.1B7.43%Medium risk
Kinetiq Staked HYPE
kHYPE
Kinetiqhyperevm$561M2.23%Medium risk
Treehouse ETH
tETH
Treehouseethereum$212M2.93%Medium risk
Looped Hype
lHYPE
Looping Collectivehyperevm$22M5.38%High risk
Rocket Pool ETH
rETH
Rocket Poolpolygon$1.4B2.30%Low risk
Rocket Pool ETH
rETH
Rocket Pooloptimism$1.4B2.19%Low risk

Frequently Asked Questions

What is the difference between stETH and wstETH?

stETH rebases (balance increases). wstETH is wrapped and value-accruing (price increases vs stETH). wstETH is better for DeFi.

Can I unstake anytime?

Most LSTs offer unstaking, but there may be waiting periods. You can also swap LST for ETH on DEXs instantly.

Which LST is safest?

rETH from Rocket Pool is considered most decentralized. stETH has the most liquidity. cbETH is regulated but centralized.

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