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Solana's Liquid Staking Landscape

Let's survey the major players in liquid staking and restaking on Solana.
Solana's Liquid Staking Landscape
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Solana's staking sector continues to be one of the most lively parts of the network.

Staking, locking up capital for network security in return for yield, is a vital part of DeFi and one of the strongest sectors of the onchain economy. Staking requirements vary by chain; Ethereum requires 32 ETH for native staking on a personal node, or users can opt for liquid staking providers like Lido or Rocket Pool. On Solana, anyone can stake natively through its delegated Proof-of-Stake system by delegating to validators instead of running their own node.

This ease of staking may explain the large gap between Solana and Ethereum in terms of total staked versus liquid staked assets. Solana has $61B in staked capital, surpassing Ethereum, but lags in liquid staking. Ethereum has 65% of its staked ETH in liquid form, whereas only 6.5% of Solana's staked SOL is in liquid staking tokens (LSTs), indicating a significant growth opportunity for Solana.

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David Christopher

Written by David Christopher

609 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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