Liquid Staking
Finding the most profitable and secure staking opportunities may not be a simple task. Fortunately, Staking Watch is here to make your life easier by presenting the best options in the market.
Through our curated analysis of the staking terrain, our users have amplified their holdings and perfected their DeFi strategies thanks to the monitoring of top-tier staking opportunities.
To further help our users, we have decided to do a deep dive into the most lucrative Annual Percentage Rates (APRs) that the Liquid Staking domain currently has to offer.
Mantle with its mETH token is the leading solution, currently providing an impressive APR of 6.37%. It stands tall as the premier option for those looking to maximize their earnings through Ethereum staking.
About Mantle
Mantle’s Liquid Staking Protocol is part of a broader ecosystem, as Mantle is one of the leading layer 2 networks on Ethereum.
First proposed in July of last year, the liquid staking protocol is community-driven with a strong focus on security, counting multiple audits and several layers of security, and integration within the wider Mantle ecosystem. It stands out with its high reward potential and simplified architecture.
The Mantle ecosystem, including its Layer 2 (L2) solutions, is fueled by the native $MNT token, governed by Mantle DAO. This governance framework oversees one of the largest treasuries in the DeFi space, empowering the network's decentralized decision-making process.
Lido Finance’s stETH token has been a game-changer, simplifying the staking process while still offering a solid APR of 3.46%.
About Lido
With over $28 billion in total value locked, Lido’s dominance in the DeFi space is clear. Its liquid staking solution has been well-received due to the ease of use and the ability to leverage stETH across various DeFi activities like yield farming and liquidity provision.
Lido's stETH token operates as an ERC-20 token, keeping its value close to ETH. Although susceptible to market fluctuations, stETH typically maintains its peg to ETH, ensuring stability and predictability for investors. Lido’s stETH creation and reward distribution are managed through a decentralized network of node operators, with stETH holders benefiting from the overall staking rewards earned by validators on the Ethereum 2.0 chain.
The protocol's governance and continuous evolution in response to community feedback have seen discussions regarding reward rates and improvements to the system. With a focus on transparency and community-driven development, Lido encourages active participation from its stakeholders in shaping its future.
StakeWise's osETH might not make headlines like others, but with a similar APR to Lido's at 3.45%, it deserves a closer examination. It proves to be a dark horse, offering competitive staking options for the discerning investor.
About StakeWise
StakeWise launched its V3 upgrade in November of last year. At the core of this upgrade is the 'Vault,' a permissionless and non-custodial staking pool where users can mint osETH tokens. Vaults are highly customizable, allowing operators to set bespoke terms, thus offering a wide array of staking solutions to users.
Offering a marketplace of Vaults, StakeWise enables users to shop for staking solutions that fit their criteria for decentralization, fees, client diversity, and more. Users can stake any amount of ETH and have the option to run private Vaults, mint osETH, and take advantage of DeFi opportunities while maintaining custody of their keys and maximizing staking performance
StakeWise's approach with osETH involves over-collateralization to provide a buffer against slashing penalties, protecting osETH holders from sudden losses, and promoting peg stability
Stader’s ETHx token is making waves with an APR of 3.34%, showcasing the growing diversity in the liquid staking ecosystem.
About Stader
Stader has emerged as one of the leading players in multi-chain liquid staking with ETHx, its solution for Ethereum.
Stader's multi-chain, non-custodial liquid staking protocol spans across several blockchains, including Ethereum, and has captivated a significant user base with roughly $550 million in Total Value Locked (TVL).
Stader is also a proponent of decentralized governance, inviting its community to partake in critical decisions. Their integration with Chainlink CCIP and Price Feeds further powers cross-chain liquid staking and promotes the scalability of Ethereum.
Finally, we have another standout liquid staking protocol in Ankr and its liquid staking token, ankrETH. The protocol currently offers a generous APR of 3.27%.
About Ankr
Since its creation in 2017, Ankr has evolved from its initial focus on distributed cloud computing to becoming a leader in blockchain infrastructure services.
The release of AnkrETH v3 in early 2023 marked a significant milestone in Ankr's journey, positioning the company as an industry frontrunner with one of the most liquid and decentralized staking solutions available.
Through the integration of Decentralized Validator Technology (DVT) in Ethereum staking, Ankr manages to reduce slashing risks by distributing validator keys across multiple parties through partnerships with Obol and SSV, enhancing security while maintaining operational privacy and efficiency. The technology democratizes the staking process, allowing stakers to vote on ETH delegation, thus promoting a more decentralized and open ecosystem.
The v3 upgrade introduces an automatic restaking feature, which reinvests staking rewards to optimize yields without manual intervention, and a flash unstaking feature, currently available for ankrBNB.
With a keen focus on a decentralized future, Ankr continues to drive forward the potential of liquid staking and blockchain technology, ensuring a more open, democratic, and efficient digital asset environment.
With the staking landscape constantly evolving, we are your best ally to navigate the dynamic waters of crypto staking so you can stay ahead of the curve.
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