7.2
Solid
Best Liquid Staking Protocols · Review

Stader

Liquid staking across many chains with a permissionless operator pool on Ethereum, spread thinner than the single-chain specialists.

Best For
Multi-chain liquid staking from one protocol
Headline Cost
~10% of rewards
Founded
2021
Rank in category
8 of 15
Last Checked
August 2026
The short answer

Stader is the closest thing to a multi-chain liquid staking platform, and its Ethereum implementation borrows the right idea: bonded, permissionless node operators. Breadth costs depth — on each individual chain there is usually a larger, more liquid local alternative.

Score breakdown

Category rubric →
Validator decentralisation · 25%
7.5
Contract security · 20%
7.0
Peg & liquidity · 20%
6.5
Withdrawal design · 15%
7.5
Fees · 10%
7.5
Transparency · 10%
7.5

Works well for a specific use case, weaker outside it. The headline 7.2 is the weighted mean of these marks — see our methodology. Not financial advice.

What we liked

  • Operates across Ethereum, Polygon, BNB Chain and others
  • Permissionless node operator pool with bonded collateral on ETHx
  • Reasonable audit coverage

Where it falls short

  • Liquidity per chain is limited compared with local leaders
  • Supporting many chains widens the contract surface considerably

Most liquid staking protocols pick one chain and go deep. Stader went wide, deploying across Ethereum, Polygon, BNB Chain, Near and others, with a distinct liquid token on each.

The Ethereum implementation

ETHx uses a permissionless operator pool where node runners bond collateral, similar in principle to Rocket Pool though with different parameters and a lower bond requirement. That makes the operator set genuinely open, which is more than most competitors offer, and the lower bond broadens participation at some cost to the loss-absorption buffer.

The cost of breadth

Every additional chain is another set of contracts to audit, maintain and secure, and another liquidity pool to bootstrap. Stader's per-chain liquidity is modest, so on any given network there is usually a deeper local option — Lido or Rocket Pool on Ethereum, and the chain-native leader elsewhere.

Record

Audited across deployments with no major exploit, and withdrawals functioning on the main networks. Fee is around 10% of rewards.

Who should use it

Stakers wanting one interface across several chains, and Ethereum users specifically attracted to the permissionless operator model at a lower bond. For depth and liquidity on a single chain, use the local leader.

FAQ

Which chains does Stader support?
Ethereum, Polygon, BNB Chain, Near and others, each with its own liquid staking token.
Is ETHx permissionless?
Yes. Node operators bond collateral to join the pool, similar in principle to Rocket Pool with a lower bond requirement.
How liquid are Stader's tokens?
Modest on each chain compared with the local market leader, so exits at size are more expensive than with a dominant LST.
What does Stader charge?
Around 10% of staking rewards, in line with the category norm.
#ServiceBest forCostScore
1Rocket PoolDecentralised Ethereum staking with permissionless operators~14% node commission plus 5% protocol fee on rewards8.7
2MarinadeDecentralisation-weighted Solana staking~6% of rewards8.5
3JitoSolana staking with MEV revenue included~4% of rewards8.3
4LidoDeepest liquidity and DeFi integration10% of staking rewards8.3
5StakeWiseChoosing your own operator inside a liquid staking protocolSet per vault, typically 5–10%8.2
6Liquid CollectiveInstitutions needing a compliance-screened LST~10% of rewards7.3
7Mantle mETHETH staking with Mantle ecosystem incentives~10% of rewards7.2
8StaderMulti-chain liquid staking from one protocol~10% of rewards7.2
9SwellETH staking with restaking exposure attached~10% of rewards7.2
10BENQI Liquid StakingAvalanche liquid staking~10% of rewards7.1
11BifrostLiquid staking in the Polkadot ecosystem~10–15% of rewards7.0
12Frax EtherYield-optimised ETH staking inside the Frax ecosystem~10% of rewards6.9
13Coinbase cbETHInstitutions that need a regulated counterparty25% of rewards6.4
14Binance WBETHBinance users wanting a tradable staked-ETH position~10% of rewards6.3
15Ankr StakingLiquid staking across a long list of smaller chains~10% of rewards6.2