Staking Derivatives
Also known as: Liquid Staking Token, Staked Asset Derivative, Staking Voucher
Tradable tokens representing staked assets, allowing liquidity while still earning staking rewards.
Staking derivatives are tokenized representations of staked assets that allow holders to maintain liquidity while participating in staking rewards. When users stake assets through liquid staking protocols (e.g., Lido, Rocket Pool), they receive derivatives like stETH or rETH. These tokens can be traded, used in DeFi, or held while still accruing staking yield. Staking derivatives improve capital efficiency, support composability, and are integral to modern DeFi ecosystems. However, they introduce risks such as smart contract bugs, depeg events, or validator misbehavior.