ON-369: Liquid Staking 💧
Coverage on Lido, Jito, Ether.fi, Liquid Collective, JupSOL and BeraPaw
📝 Editor’s Note:
Welcome to OurNetwork’s latest. This issue focuses on the liquid staking space and covers some of its most significant protocols. A big shoutout to mar1na, Hayden Tsutsui, Chaos Labs, Melissa Nelson, Seoul Data Labs, YASMIN, and Eduardo Rigon for contributing.
Let’s get into it.
– ON Editorial Team
Lido | Jito | Ether.fi | Liquid Collective | JupSOL | BeraPaw
Lido 🔄
👥 mar1na | Website | Dashboard
📈 Lido Dominates Ethereum Staking Market Despite Eroding Share
Amid weakening dominance in the staking sector, Lido still remains Ethereum’s juggernaut. It leads the LST space with 8.7M ETH staked, and is head to head with Aave (9M ETH locked) in the battle to be the top DeFi protocol. Yet a changing staking space and growing staked ETH outflows have contributed to market share loss for Lido, down from 26% to 24% in the past 3 months. This is an ongoing downtrend since late 2023, after Lido had brushed close to the critical threshold of one third staked ETH and roused urgent centralization concerns.
