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Staked, but still liquid

Liquid staking & restaking

Staking locks collateral to secure a chain and pays a yield for it. Liquid staking hands you a tradable receipt for that locked position, so the capital can be used again elsewhere while it keeps earning.

Restaking extends the idea: the same collateral is pledged to secure additional services beyond the base chain, earning additional fees and taking on additional ways to be slashed. The yield is real, and so is the correlation between the risks.

The concentration question follows automatically. When one liquid staking protocol controls a large share of a chain's stake, its governance becomes a governance question for the chain itself.

19 coins

Coins in Liquid staking & restaking, by market capitalisation
#CoinPrice24h7dMarket cap24h volume
15CardanoADA$0.219▼ −0.7%▼ −12.7%$8.06B$265.2M
16NEAR ProtocolNEAR$5.01▲ +1.4%▼ −11.6%$6.55B$895.4M
21UniswapUNI$7.39▲ +1.9%▼ −2.4%$4.62B$418.3M
39AaveAAVE$151.10▼ −1.9%▼ −9.2%$2.33B$180.8M
75PancakeSwapCAKE$2.17▼ −1.3%▼ −8.2%$688.9M$31M
78ether.fiETHFI$0.6978▲ +5.0%▼ −3.1%$673.6M$46.9M
85Curve DAO TokenCRV$0.3507▲ +3.1%▼ −3.8%$553.5M$46M
98PendlePENDLE$2.09▲ +3.0%▼ −3.9%$362.8M$25.9M
105Lido DAOLDO$0.3929▲ +1.4%▼ −9.7%$326M$60.5M
113ConfluxCFX$0.0526▼ −1.8%▼ −16.0%$275.9M$14M
122JitoJTO$0.4454▼ −0.1%▼ −19.2%$237.8M$27.2M
126EigenCloudEIGEN$0.2363▼ −2.0%▼ −12.0%$230M$23.4M
130CompoundCOMP$21.64▲ +0.5%▼ −14.0%$216.4M$13.9M
152SonicS$0.0545▼ −2.2%▼ −6.6%$157M$21.2M
289SynthetixSNX$0.2145▲ +0.3%▼ −13.7%$73.9M$6.93M
365FlowFLOW$0.0299▼ −1.2%▼ −14.6%$50.7M$3.29M
399RoninRON$0.0584▼ −2.1%▼ −18.3%$45.1M$734.2K
400Rocket PoolRPL$2.09▼ −0.5%▲ +15.6%$47.9M$8.99M
—Frax ShareFXS—————

Market data as of 41 min. ago

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