Top 10 Liquid Staking Protocols in 2024

Last updated:07/31/2024
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Top 10 Liquid Staking Protocols in 2024

Discover the top 10 liquid staking protocols of 2024, revolutionizing how cryptocurrency holders earn interest on their digital assets. With Proof of Stake (PoS) at the core, these protocols make staking accessible and efficient. 

Explore their unique tokens, features, and how to buy them seamlessly on CoinEx. Stay ahead of the curve and maximize your crypto earnings today!
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What is Liquid Staking?

Liquid staking is revolutionizing the world of cryptocurrency by offering a tokenized representation of staked assets on proof-of-stake blockchains. It’s an innovative alternative to traditional staking methods, enabling users to maintain full access to their tokens while still earning rewards.


With liquid staking, you can unlock the potential of your crypto assets and use them in decentralized finance (DeFi) applications or other Web3 protocols without sacrificing the benefits of staking. 
This means you can earn passive income while also participating in the dynamic and rapidly evolving world of decentralized finance.

However, it’s important to note that liquid staking protocols come with risks. These include rug pulls, smart contract vulnerabilities, and temporary losses from yield farming activities. 
Additionally, there’s the possibility of the receiving token “de-pegging” from the base asset if arbitrage trading fails to maintain price alignment in secondary markets.

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Top 10 Liquid Staking Protocols

1. EtherFi

Ether.fi, a leading decentralized staking platform on Ethereum, revolutionizes the way you earn passive income. With full control over your private keys, you can stake your ETH while enjoying unique integrations like NFT validators and EigenLayer for boosted yields. 

Our native restaking feature automates compounding, maximizing your earnings over time without manual intervention. Discover why Ether.fi is among the Top 10 Liquid Staking Protocols today.

 

2. Renzo Protocol

Since its inception in January, Renzo has rapidly gained popularity as a widely adopted liquid restaking protocol, simplifying the complexities of Ethereum staking. 

By leveraging Actively Validated Services (AVSs), Renzo ensures the security of EigenLayer applications, adhering to Ethereum’s robust layer 1 security standards.

 

3. Puffer Finance

Traditional staking methods required a significant barrier to entry, with validators needing to lock up 32 ETH and maintain complex technological infrastructure. 

Puffer Finance eliminates these hurdles, democratizing staking and empowering individuals to become validators with minimal resources.

 

4. EigenLayer

Introducing EigenLayer, a groundbreaking protocol revolutionizing crypto-economic security on Ethereum. Our unique restaking concept harnesses ETH on the consensus layer, empowering users to expand their crypto-security reach across multiple apps. 

Stake Ethereum natively or with our Liquid Staking Token (LST) and opt-in to EigenLayer smart contracts to restake and earn even more rewards. Ranked among the Top 10 Liquid Staking Protocols, EigenLayer is the ultimate choice for maximizing your crypto investments.

 

5. Swell Liquid Restaking

Unlock the full potential of your digital assets with Swell – the premier non-custodial liquid staking protocol. Experience seamless decentralized finance access and secure your future in Ethereum and restaking services.

Stake or restake ETH for passive income and earn blockchain rewards alongside AVS restakes. Receive yield-bearing liquid tokens (LST/LRT) to enhance your DeFi earnings and participate in the vibrant ecosystem. Join the top 10 liquid staking protocols and elevate your crypto game with Swell.

 

6. Rocket Pool

Discover the Top 10 Liquid Staking Protocols, featuring Rocket Pool – the premier Ethereum liquid staking solution. Stake less than 32 ETH, self-fund new validators, and earn rewards as a community. 

Operating on the Ethereum blockchain, Rocket Pool simplifies validator operations by engaging permissionless validators. Join the future of staking with Rocket Pool today!

 

7. Inception Liquid Restaking Protocol

Discover the Top 10 Liquid Staking Protocols, featuring InceptionLRT v2 – an innovative omnichain restaking solution built on EigenLayer. Say goodbye to the dilemma of choosing between native or isolated restaking, as InceptionLRT’s recent merger with Genesis now allows seamless management of both token types on a single platform. 

Experience unparalleled transparency and risk reduction with Isolated Liquid Restaking Tokens (iLRTs), where each staked asset is uniquely represented by its dedicated iLRT, making asset tracking a breeze. Join the future of staking with InceptionLRT v2 today!

 

8. StakeWise

Discover the top 10 liquid staking protocols with StakeWise, revolutionizing DeFi. Stake your Ethereum effortlessly and receive osETH, a liquid staked-ETH derivative that enhances your DeFi experience. Enjoy seamless staking rewards every second, maximizing your profits. 

Join the elite of DeFi investors leveraging StakeWise’s innovative liquid staking solution. Stay ahead of the curve and maximize your ETH holdings with StakeWise.

 

9. Marinade Finance

Maximize your Solana ($SOL) staking potential with Marinade Finance, a top 10 liquid staking protocol. 


Our automated strategy delegates your SOL tokens to a diverse pool of over 100 stable and high-performing validators, minimizing risks while maximizing returns. Say goodbye to locked funds and hello to earning rewards with ease. Join the Marinade community and stake your SOL today.

 

10. Pendle

Pendle Finance is a mechanism for yield tokenization.It lets users speculate on and hedge future yields, providing a new and distinctive approach to yield-based investment. Yield-generating tokens are divided into two categories: ownership tokens and yield tokens, which are used in the operation of Pendle Finance.


Yield Tokens claim the future yield of the underlying assets, whereas ownership tokens represent the assets on the other side of the transaction. Transactions involving these Yield Tokens can occur on the Pendle Automated Market Maker (AMM).

Conclusion | Key Points

Unlock capital efficiency with liquid staking protocols, a revolutionary DeFi technique. However, the rapidly expanding industry poses significant risks. 

As you explore the best liquid staking protocol tokens for 2024, remember that this is not financial advice. Always conduct thorough research before investing in any cryptocurrency. Stay informed and stay ahead in the ever-evolving world of DeFi.

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