As liquid staking continues gaining traction, an array of platforms have emerged to facilitate this innovative process. These liquid stakers serve as gateways, allowing users to unlock liquidity from their staked assets while continuing to earn rewards and participate in decentralized finance (DeFi).
In this overview, we'll explore some of the leading liquid staking platforms, their key features, and the value they provide to the ecosystem.
Eigenlayer is a liquid staking protocol aiming to bring scalable liquid staking to Ethereum and other blockchains. It utilizes distributed validator technology and enables liquid derivatives like eiETH.
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One of the pioneers in liquid staking, Lido is a decentralized liquid staking solution initially focused on Ethereum. By depositing ETH, users receive stETH tokens representing their staked Ether plus rewards. stETH can then be freely utilized across DeFi while continuing to earn staking yields.
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Tangle is a decentralized network providing modular restaking infrastructure. Its key pillars include:
Tangle's networked infrastructure allows developers to create and monetize services that can be deployed on the network.
Rocket Pool is a decentralized Ethereum staking pool that allows individual stakers to earn rewards without running their own node. It mints rETH tokens to represent staked ETH, enabling liquidity while accruing rewards.
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StakeWise is building a liquid staking solution focused on scalability and cross-chain support. Its liquid staking tokens like sETH2 can be deployed across multiple blockchains, fostering greater interoperability.
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Symbiotic is a cross-chain liquid staking platform that creates wrapped liquidity tokens representing staked assets. These synthetic tokens like stkAAVE and stkATOM can be utilized across DeFi.
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Ankr's liquid staking solution allows users to earn rewards on their staked assets across multiple chains like Ethereum, Avalanche, and Polygon. Stakers receive liquid derivatives like aETHc that can be used in DeFi.
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BounceBit is a decentralized liquid staking protocol focused on offering a seamless and low-cost liquid staking experience. Its key features include:
BounceBit aims to make liquid staking accessible to a wider user base by minimizing barriers like high gas costs and complex UX.
Byzantine is a liquid staking platform built around secure validator management and robust decentralization. Key aspects include:
Byzantine prioritizes institutional-grade security and decentralization for liquid staking to drive sustainable ecosystem growth.
Pendle is a DeFi platform that has expanded into offering liquid staking services. Its liquid staking solution features:
Pendle aims to provide composable building blocks for yield optimization, with liquid staking as a key part in that vision.
These platforms showcase the diverse approaches and priorities within the rapidly evolving liquid staking ecosystem, catering to different user profiles and needs and seamlessly bridging the worlds of staking and DeFi to create new opportunities for crypto holders.
