{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"liquid_staking","evidenceReadAt":null,"generatedAt":"2026-11-12","criteria":[{"id":"redemption","label":"Redemption mechanics","weight":28},{"id":"peg","label":"Peg resilience & exit depth","weight":26},{"id":"decentralisation","label":"Operator decentralisation","weight":26},{"id":"takeRate","label":"Commission take-rate","weight":20}],"providers":{"lido":{"redemption":{"s":8,"q":"Under normal circumstances, the stETH or wstETH withdrawal period can take anywhere between 1-5 days. | The withdrawal fulfilment serves in a FIFO way so the more stETH is locked in the withdrawal request queue, the longer a staker is supposed to wait.","u":"https://help.lido.fi/en/articles/7858315-how-long-does-an-ethereum-withdrawal-take","d":"2026-09-30"},"peg":{"s":9,"q":"As a liquid token, stETH can be traded on decentralized (DEXs) or centralized exchanges (CEXs) without waiting for the unstaking process. | Unlike stablecoins, stETH is intentionally not pegged to ETH. | Withdrawal times depend on queue size, buffer availability, and validator exit dynamics.","u":"https://lido.fi/how-lido-works/withdrawals","d":"2026-09-30"},"decentralisation":{"s":4,"q":"It distributes deposits among professional NOs curated by the Lido DAO based on strict reliability and performance criteria. | The CSM is the permissionless module of the Lido Core.","u":"https://lido.fi/how-lido-works/lido-node-operators-set-overview","d":"2026-09-30"},"takeRate":{"s":6,"q":"Lido charges a protocol fee (currently 10%) on the rewards accumulated by the staked ETH underlying the protocol.","u":"https://lido.fi/how-lido-works/protocol-fee","d":"2026-09-30"}},"rocket-pool":{"redemption":{"s":4,"q":"Trading rETH back for ETH directly with Rocket Pool is only possible when the staking pool has enough ETH in it to handle your trade.","u":"https://docs.rocketpool.net/liquid-staking/overview.html","d":"2026-09-30"},"peg":{"s":5,"q":"In this scenario, you may find other ways to trade your rETH back to ETH | though they will likely come with a small premium. | If Balancer doesn't work for you, there is also an ETH-rETH liquidity pool on Uniswap.","u":"https://docs.rocketpool.net/liquid-staking/overview.html","d":"2026-09-30"},"decentralisation":{"s":10,"q":"Unlike solo stakers, who are required to put 32 ETH up for deposit to create a new validator, Rocket Pool nodes only need to deposit 4 ETH per validator (called \"bonded ETH\").","u":"https://docs.rocketpool.net/liquid-staking/overview.html","d":"2026-09-30"},"takeRate":{"s":3,"q":"base commission share to node operators (5%) | voter share rewards for RPL stakers (9%) | pDAO share to the protocol treasury (0%, can be adjusted via governance) | rETH holders receive the remainder","u":"https://docs.rocketpool.net/upgrades/saturn-1/whats-new.html","d":"2026-09-30"}},"coinbase-staking":{"redemption":{"s":6,"q":"There is a fee for instant unstaking or converting a pending standard unstake to an instant unstake, and no fee for unstaking your assets if you wait for the full unbonding period. | The current fee for instant unstaking is disclosed at the time you request to unstake.","u":"https://help.coinbase.com/en/coinbase/trading-and-funding/pricing-and-fees/fees","d":"2026-09-30"},"peg":{"s":5,"q":"The price of cbETH and staked ETH will likely differ because they trade on a wide range of crypto exchanges and their market prices can deviate | The market may value cbETH less than the underlying staked ETH","u":"https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/cbeth","d":"2026-09-30"},"decentralisation":{"s":2,"q":"We work with trusted validators. | We work with highly rated validators and diversify our node operators, clients, and hosting.","u":"https://www.coinbase.com/cbeth","d":"2026-09-30"},"takeRate":{"s":6,"q":"Earn competitive staking rewards on cbETH with a simple 10% commission and no lockups.","u":"https://www.coinbase.com/cbeth","d":"2026-09-30"}},"swell":{"redemption":{"s":6,"q":"eth_call swEXIT 0x48C11b86807627AF70a34662D4865cF854251663 (the address swETH's AccessControlManager 0x625087d72c762254a72cb22cc2eca40da6b95eac returns for swEXIT()) at Ethereum block 26086383: getLastTokenIdCreated() = 32719; getLastTokenIdProcessed() = 32719; withdrawRequestMinimum() =…","u":"https://raw.githubusercontent.com/SwellNetwork/v3-core-public/HEAD/contracts/lst/contracts/implementations/swEXIT.sol","d":"2026-09-30"},"peg":{"s":3,"q":"","u":"","stale":"2026-09-30","wall":true},"decentralisation":{"s":3,"q":"eth_call NodeOperatorRegistry 0x46DdC39E780088B1B146Aba8cBBe15DC321A1A1d (returned by AccessControlManager 0x625087d72c762254a72cb22cc2eca40da6b95eac NodeOperatorRegistry() at block 26086387) numOperators() at Ethereum block 26086386 = 8; source: addOperator(...) is gated by…","u":"https://raw.githubusercontent.com/SwellNetwork/v3-core-public/HEAD/contracts/lst/contracts/implementations/NodeOperatorRegistry.sol","d":"2026-09-30"},"takeRate":{"s":6,"q":"eth_call swETH 0xf951E335afb289353dc249e82926178EaC7DEd78 at Ethereum block 26086378-26086379: swellTreasuryRewardPercentage() = 50000000000000000 (0.05e18 = 5%); nodeOperatorRewardPercentage() = 50000000000000000 (0.05e18 = 5%)","u":"https://raw.githubusercontent.com/SwellNetwork/v3-core-public/HEAD/contracts/lst/contracts/implementations/swETH.sol","d":"2026-09-30"}},"stader":{"redemption":{"s":7,"q":"Unstake requests are processed within 7-10 days, subject to entry and exit queue on the Ethereum network | Unstake requests not yet available for withdrawal will display the release date and time according to your timezone.","u":"https://stader.gitbook.io/stader/ethereum/eth-staking/withdraw.md","d":"2026-09-30"},"peg":{"s":3,"q":"Unstaking: To unstake, users must use a DEX to swap their ETHx for ETH. Also, you can bridge your ETHx from Arbitrum One to the Ethereum network and then unstake it for ETH.","u":"https://stader.gitbook.io/stader/ethereum/eth-staking/unstake.md","d":"2026-09-30"},"decentralisation":{"s":4,"q":"Permissionless node operators will be the backbone of ETHx with only 4 ETH required for bonding.","u":"https://stader.gitbook.io/stader/ethereum/node-operator/permissionless-node-operator.md","d":"2026-09-30"},"takeRate":{"s":6,"q":"A total of 10% is deducted from the rewards generated through staking.","u":"https://stader.gitbook.io/stader/ethereum/eth-staking/fees.md","d":"2026-09-30"}},"jito":{"redemption":{"s":8,"q":"Fixed 0.1% unstaking fee | No slippage. Get exact exchange rate | The waiting period is a requirement of the Solana protocol, not specific to JitoSOL. All staked SOL requires a \"cooldown\" period of 1 epoch (up to 2 days) before it can be withdrawn.","u":"https://raw.githubusercontent.com/jito-foundation/jito-omnidocs/master/jitosol/get-started/unstaking-jitosol-flow/unstaking-overview/index.md","d":"2026-09-30"},"peg":{"s":8,"q":"Best liquidity - Often better exchange rates due to deep liquidity | Most users should use Instake Unstaking for instant, convenient conversion with competitive rates.","u":"https://raw.githubusercontent.com/jito-foundation/jito-omnidocs/master/jitosol/get-started/unstaking-jitosol-flow/unstaking-overview/index.md","d":"2026-09-30"},"decentralisation":{"s":7,"q":"Validators must meet all of the following binary criteria to be eligible for delegation (subject to change): | Not belong to the validator superminority (top 33.3% of total stake) | The top 400 validators by overall score are selected for delegation in each 10-epoch cycle.","u":"https://raw.githubusercontent.com/jito-foundation/jito-omnidocs/master/jitosol/jitosol-liquid-staking/stake-pool-operations/delegation-criteria/index.md","d":"2026-09-30"},"takeRate":{"s":10,"q":"JitoSOL charges an annual management equal to 4% of total rewards. This fee is applied to staking rewards and MEV revenue after validator commissions.","u":"https://raw.githubusercontent.com/jito-foundation/jito-omnidocs/master/jitosol/faqs/general-faqs/index.md","d":"2026-09-30"}},"marinade":{"redemption":{"s":8,"q":"Delayed = SOL after one epoch, you must come back to claim. No Marinade fee for Native, Select, or Custom Reward Tokens. Marinade Liquid (mSOL) carries a 0.2% fee. | Instant Unstake works for both native stake (via a liquidity provider marketplace) and mSOL (via Jupiter).","u":"https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-instant-unstake.md","d":"2026-09-30"},"peg":{"s":7,"q":"mSOL is also available to trade on centralized exchanges such as Coinbase, Kraken, or Gate. | Because it's a swap, very large trades can move the price and result in some slippage.","u":"https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-liquid/what-is-msol.md","d":"2026-09-30"},"decentralisation":{"s":7,"q":"Marinade's entire TVL is distributed through the Stake Auction Marketplace (SAM). Every epoch, eligible validators are ranked by the yield they offer to stakers, and stake is rebalanced to the highest-yielding validators subject to eligibility and decentralization constraints.","u":"https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market.md","d":"2026-09-30"},"takeRate":{"s":10,"q":"Marinade does not charge stakers a performance fee on staking rewards. Protocol revenue comes from the Stake Auction Marketplace, where validators bid for stake, and from exit fees, rather than from a cut of the yield delivered to stakers.","u":"https://docs.marinade.finance/marinade-protocol/protocol-overview/fees-and-pricing.md","d":"2026-09-30"}},"stakewise":{"redemption":{"s":6,"q":"Anyone holding osToken can enter the redeemer's exit queue — there is no whitelist and no privileged role. | Once the configured delay has elapsed — 12 hours on both Ethereum and Gnosis — processExitQueue creates a new checkpoint that matches the redeemed shares to their ETH/GNO and marks the…","u":"https://docs.stakewise.io/docs/ostoken/ostoken-redemptions","d":"2026-09-30"},"peg":{"s":4,"q":"osETH could temporarily trade below its fair value on secondary markets. The protocol's redemption mechanism keeps the market price tightly tethered to the protocol exchange rate","u":"https://docs.stakewise.io/staker/risks","d":"2026-09-30"},"decentralisation":{"s":9,"q":"Creating a Vault is done via the StakeWise UI and takes just a few minutes.","u":"https://docs.stakewise.io/operator/create-regular-vault","d":"2026-09-30"},"takeRate":{"s":5,"q":"StakeWise DAO charges a 5% fee on the rewards accumulated by osETH, and continuously applies the fee to the balance of osETH a user must return to the Vault. | This fee varies by Vault operator and can range from 0% to 100% .","u":"https://docs.stakewise.io/docs/fees/intro","d":"2026-09-30"}},"frax-ether":{"redemption":{"s":5,"q":"eth_call FraxEtherRedemptionQueue 0x82bA8da44Cd5261762e629dd5c605b17715727bd redemptionQueueState() at Ethereum block 26086354 = (nextNftId 1857, queueLengthSecs 2592000 [30 days], redemptionFee 0, earlyExitFee 5000 [0.5% at 1e6 precision]); FraxEtherRedemptionQueueV2…","u":"https://docs.frax.finance/frax-ether/redemption.md","d":"2026-09-30"},"peg":{"s":6,"q":"frxETH peg is defined as 1% on each side of 1.00 exchange rate meaning the frxETH peg is defended to keep the exchange rate between 1.01-.9900 ETH per 1 frxETH.","u":"https://docs.frax.finance/frax-ether/frxeth-and-sfrxeth.md","d":"2026-09-30"},"decentralisation":{"s":2,"q":"Frax in-House Validators | The withdrawal credential is shared by all the validators on the stack, meaning all validators share the same withdrawal address.","u":"https://docs.frax.finance/frax-ether/technical-specifications.md","d":"2026-09-30"},"takeRate":{"s":6,"q":"Lastly, 10% of the income is retained, with 8% as a protocol fee for the benefit of the Frax Ecosystem and FXS holders, and 2% for an insurance fund.","u":"https://docs.frax.finance/frax-ether/overview.md","d":"2026-09-30"}},"stride":{"redemption":{"s":5,"q":"You can either redeem the native token via our app (unbonding period applies), or swap your staked tokens instantly at the market rate on a DEX.","u":"https://stride.zone/","d":"2026-09-30"},"peg":{"s":3,"q":"-Liquidity Venue := DEX with the highest liquidity for the stToken/Token pair. For example, stTIA/TIA’s largest liquidity pool is pool #1428 on the Osmosis DEX.","u":"https://docs.stride.zone/overview-of-stride-s-live-lsts","d":"2026-09-30"},"decentralisation":{"s":7,"q":"Stride’s host-chain delegations are controlled by Stride chain governance. | Copy-staking works exactly as it sounds. Stride “copies” the delegation preferences of the host-chain’s community by delegating to all validators in the active set according to existing stake weight.","u":"https://docs.stride.zone/host-chain-delegations","d":"2026-09-30"},"takeRate":{"s":6,"q":"In order to be sustainable, secure, and responsible, Stride protocol diverts 10% of staking rewards from liquid staked tokens.","u":"https://stride.zone/","d":"2026-09-30"}},"binance_wbeth":{"redemption":{"s":8,"q":"","u":"","stale":"2026-09-30"},"peg":{"s":2,"q":"In addition, the secondary-market price of WBETH is determined by market forces and may deviate from the intrinsic ratio above. Under extreme market conditions, these deviations may be larger than expected","u":"https://www.binance.com/en/wbeth","d":"2026-09-30"},"decentralisation":{"s":1,"q":"Binance lowers the barriers by running the nodes for users and offering the option to stake from as little as 0.0001 ETH to earn rewards.","u":"https://www.binance.com/en/wbeth","d":"2026-09-30"},"takeRate":{"s":8,"q":"A 7.5% commission fee on the reward is charged to ensure the product is sustainable.","u":"https://www.binance.com/en/wbeth","d":"2026-09-30"}}}}