Lido
Staking · Liquid Staking · stETH
Lido lets users stake ETH and receive stETH, a rebasing liquid staking token that accrues daily staking rewards while staying usable across DeFi.
The largest Ethereum liquid staking protocol.
stETH price
$0.2672
+4.3% 24h
Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Lido and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Rocket Pool | The leading decentralized, permissionless Ethereum liquid staking alternative (rETH). | Also an Ethereum liquid staking protocol issuing a yield-bearing ETH token usable across DeFi. | Permissionless node operation with RPL collateral bonds and a non-rebasing rETH token; far smaller than Lido but more decentralized at the operator layer. |
| 2 | Coinbase (cbETH) | The largest centralized-exchange liquid staking token. | Provides a liquid, yield-bearing staked-ETH token widely used in DeFi. | Custodial and operated by a single regulated company (Coinbase) rather than a DAO with an independent operator set; KYC and centralized control over the underlying validators. |
| 3 | ether.fi | A fast-growing decentralized liquid staking and restaking protocol (eETH/weETH). | Non-custodial Ethereum liquid staking with a DeFi-usable staked token. | Emphasizes native restaking (EigenLayer) and delegated key custody design, targeting restaking yield rather than pure staking like Lido's core product. |
| 4 | Binance (WBETH) | Major exchange-issued wrapped beacon ETH staking token. | Liquid, yield-bearing staked-ETH representation with deep exchange liquidity. | Custodial, operated by Binance; centralized validator control and exchange dependency versus Lido's DAO-governed model. |
| 5 | StakeWise | Permissionless, overcollateralized ETH staking. | Both in Staking (Liquid Staking). | Vault-based architecture where anyone can launch a staking vault; osETH is overcollateralized and protocol-insured. |
| 6 | Stader Labs | Multi-chain liquid staking infrastructure. | Both in Staking (Liquid Staking). | Multi-chain staking platform with a dual operator-pool design that lowers the bond to run a node. |
| 7 | Frax Finance | Hybrid stablecoin pivoting to RWA backing. | Both in Staking (Liquid Staking). | First-mover hybrid algo-collateral stablecoin, now pivoted to RWA-backed frxUSD with BUIDL — an institutional bridge to DeFi. |
| 8 | Mantle | L2-ecosystem ETH liquid staking. | Both in Staking (Liquid Staking). | Backed by the Mantle treasury and tightly integrated with the Mantle L2 ecosystem and its DeFi venues. |
| 9 | Swell | Non-custodial liquid staking and restaking. | Both in Staking (Liquid Staking). | LST plus a native restaking roadmap (rswETH / Swellchain) under one non-custodial protocol. |
| 10 | Ankr | Multi-chain liquid staking and node infrastructure. | Both in Staking (Liquid Staking). | Liquid staking across many chains backed by Ankr's global node infrastructure business. |