LST
defi
Liquid Staking Token
A tradeable receipt token representing a staked position. Deposit ETH to Lido and receive stETH — the stETH accrues staking rewards while being freely transferable, usable as DeFi collateral, etc. Major LSTs: Lido stETH (largest), Rocket Pool rETH, Coinbase cbETH, Frax sfrxETH, Mantle mETH. Solves the 'staked ETH is locked' problem. Lido's >30% market share has been a community concern for Ethereum decentralisation.
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