Overview
Lido and Stakewise offer Ethereum liquid staking with different models. Lido uses curated operators while Stakewise enables permissionless vaults.
Head-to-Head Comparison
Operator Model
Lido: Curated set of ~30 professional operators selected by DAO. Stakewise: Permissionless vault creation; anyone can run validators.LST Design
- stETH: Rebasing token (balance increases daily)
- osETH: Value-accruing, over-collateralized
Decentralization
Stakewise is more permissionless; Lido has more TVL and liquidity.
When to Choose Each
Lido: Want maximum liquidity and DeFi integration Stakewise: Prefer permissionless model, run own vaultTrack staking with Fensory.