LSDFi, short for liquid staking derivatives finance, refers to DeFi activity built on top of liquid staking tokens such as stETH and similar ETH staking receipts. The core idea is that users can stake ETH, keep a tradable token that represents the staked position, and then deploy that token in lending, borrowing, yield, or leveraged strategies instead of leaving capital idle. The story behind an “LSDFi Summer Map” is therefore a snapshot of a fast-growing ETH staking ecosystem, not just a single product. Liquid staking became a major part of Ethereum staking after the Beacon Chain and especially after Shapella, and research and market reports show that LSD protocols captured a large share of staked ETH while spawning a separate LSDFi layer of protocols such as Pendle, Lybra, and EigenLayer. A repository or map of all ETH liquid staking options matters because the sector is fragmented across centralized and decentralized providers, each with different fees, yields, and risk profiles, and because these tokens are increasingly used as collateral and composable building blocks across DeFi.

AI-generated background, compiled from web sources — not editorial content.

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