LST (liquid staking token)
LSTliquid staking
A receipt token representing a staked PoS asset — accrues staking rewards while remaining transferable.
Examples: stETH / wstETH (Lido), rETH (Rocket Pool), cbETH (Coinbase), oETH (Origin). LSTs are the most-used collateral for ETH-backed CDP stables and are the underlying for LRT (liquid restaking token)s once restaked.
Related terms
- LidoThe largest liquid-staking protocol, issuer of [[steth]] / [[wsteth]] — the dominant ETH-staking yield vehicle.
- Rocket PoolA decentralised ETH staking protocol — issuer of [[reth]], with a permissionless node-operator set.
- wstETHA non-rebasing wrapper of Lido stETH — share-price grows with staking yield.
- LRT (liquid restaking token)A receipt token wrapping an LST that has been restaked via EigenLayer to secure additional services.