TVL is not the only metric
that matters

Ethereum Liquid Staking Tokens differ wildly in yield, oracle security, exit costs, and peg stability. We track what the rankings don't show you.

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Yield

Not all yields are created equal

Performance fees, validator efficiency, and MEV strategies all play a role. OETH returned a 15% higher yield than rETH over the last year.

Security

How does your LST prove its reserves?

EIP-4788 exposes the beacon chain state root to the EVM, enabling trustless, cryptographic verification of validator balances directly on-chain. No oracle committee. No trusted third party. It's the difference between "trust me bro" accounting and mathematical proof.

Trustless — EIP-4788

Validator balances are cryptographically verifiable on-chain. Even if every oracle operator were compromised, reserves cannot be misreported. Currently, Origin Ether is the only LST with verifiable reserves.

OETH
Committee — Oracle DAO

Multiple independent oracle operators reach consensus on balances. Robust, but requires trusting that a majority of the committee acts honestly.

stETH ETHx rETH
Centralized — Single Entity

A single organization controls the oracle that reports validator balances. If compromised or malicious, reserves can be misreported without detection.

cbETH sfrxETH swETH mETH WBETH ankrETH
Liquidity

The hidden cost of cashing out

Every LST lets you mint at a 1:1 ratio. But when you want to leave, you're selling on the open market. Slippage is a hidden exit fee that most comparisons ignore. Here's what it actually costs to exit 100 ETH worth of Origin, Frax, and Coinbase.

OETH

0.22%

slippage on 100 ETH swap

Receives 99.78 ETH

Lost: 0.22 ETH

Curve

sfrxETH

0.61%

slippage on 100 ETH swap

Receives 114.43 ETH

Lost: 0.61 ETH

Curve

cbETH

0.99%

slippage on 100 ETH swap

Receives 111.30 ETH

Lost: 0.99 ETH

Uniswap V3
Risk

Peg stability reveals market confidence

When an LST trades below its fair value, holders face a hidden loss if they need to exit. Some tokens routinely drift from their peg, meaning the "yield" you earned can be wiped out by a discount at exit. Here are some of the worst offenders over the past year.

Composability

Yield as a building block

Most LSTs lock yield inside the token. OETH is the only LST that supports yield forwarding — protocols can reroute staking yield to any contract. Use it to incentivize a liquidity pool, fund a DAO treasury, or power a reward program. Forward yield to wherever your protocol needs it.

Redirect Yield

Route staking rewards to any smart contract — pools, vaults, or treasuries.

Incentivize Pools

Fund LP incentives with native staking yield instead of inflating a governance token.

DAO Revenue

DAOs holding OETH can redirect staking yield to fund operations, grants, or contributor payments.

Only OETH

No other LST offers yield forwarding. It's a unique composability primitive.

DeFi

Your LST doesn't have to sit idle

Liquid staking tokens unlock yield on top of yield. Instead of just holding an LST in your wallet, put it to work across DeFi protocols to earn additional returns.

Provide Liquidity

Supply your LST to Curve, Uniswap, or Balancer pools. Earn trading fees and liquidity mining rewards on top of your staking yield.

Lend & Borrow

Use your LST as collateral on Aave, Morpho, or Compound. Borrow stablecoins against your position while continuing to earn staking rewards.

Trade Future Yield

Split your LST into principal and yield tokens on Pendle. Lock in a fixed rate, or speculate on future yield changes. A strategy unique to yield-bearing assets.

See the full picture

Compare the top 10 Ethereum Liquid Staking Tokens across APY, peg stability, slippage, oracle security, fees, and more.

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