# Liquid Steaking Protocols

By [Jetzet](https://paragraph.com/@jetzet) · 2024-10-11

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**Lido**

Lido is simply a management token. It does not entitle the holders to a share in the yields or commissions generated. Also the token has additional inflation. Lido constantly cooperates with different projects and allocates incentive rewards for pools with its tokens. 2-3 million LDO per month. But the number of awards is gradually decreasing.

**Rocket Pool**

The RPL token has additional value beyond management, it is used to insure users. Node operators steak RPL as insurance, and users receive steaked RPL in case of losses due to the operator's fault.

**Stakewise**

Stakewise was founded in 2018. Its management token is comparatively less inflated than RPL or ANKR in terms of market capitalization to ether rate, making it cheaper than RPL and ANKR. RPL will share a portion of its profits (earned through commissions) with SWISE token holders. The SWISE token will be used as insurance against the risk of slashing.

**Shared Stake**

Shared Stake was suspected of insider trading, causing the token price to drop 95% in June 2021. And Shared Stake's high yield looks suspicious by comparison.

**Frax**

Frax is the largest DAO in terms of Convex tokens (CVX), so it can easily regulate issuance into Curve pools, which is important for LSD when you can't redeem ETH. Frax has seen high growth rates since the summer of 2022.

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*Originally published on [Jetzet](https://paragraph.com/@jetzet/liquid-steaking-protocols)*