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Liquid staking protocols: 30 on NAUT, 16 with a live token

By NAUT Research · · 6 min read

30 Liquid staking liquid staking protocols on NAUT, 16 with a live token and 19 with a funding round. Logos: Lido, Ether.Fi, Sanctum, Lista DAO, StakeWise, mETH Protocol, Solv Protocol, UniRouter, Haedal, Volo, Swell Network, Infrared Finance.

NAUT tracks 30 liquid staking protocols whose own description puts liquid staking first, read on 12 November 2026, and 16 of them have a live token on NAUT's record. The widest match was 42 non-archived project companies whose description mentions liquid staking, 23 of them with a live token and 26 with a funding round.

How this list was built: on 12 November 2026, NAUT read the stored description of all 42 project companies that mention liquid staking and kept the 30 whose main product is liquid staking. 12 were set aside, each for its own reason: 5 are broader DeFi hubs or apps where liquid staking is 1 feature, 2 are lending protocols first, 1 is a launchpad and DEX, 1 is a restaking and shared security protocol, 1 is an RWA protocol, 1 is a non-profit foundation, and 1 is a second NAUT row for Kintsu Protocol. The 12 set aside hold the other 7 live tokens and 7 of the 26 funded rows. 20 claims about 15 of the 30 protocols were put to outside pages, and 13 cleared NAUT's bar of a quote found on the page or a second source: 9 of 12 token claims and 4 of 8 round claims. The other 15 protocols were not read outside NAUT for this article. Stored TVL is the figure NAUT holds for each row on 12 November 2026.

Which liquid staking protocols have a live token?

These 16 liquid staking protocols have a live token on NAUT's record, sorted by stored TVL. Token claims for 9 of them (Amnis Finance, Haedal, Infrared Finance, K9 Finance, Lido, MilkyWay, pSTAKE, Sanctum and Solv Protocol) cleared an outside check.

Protocol Ticker Rounds Stored TVL
LDO 3 $19.96B
ETHFI 5 $3.90B
SANC 3 $1.48B
LISTA 3 $901.2M
SWISE 1 $804.4M
SOLV 10 $454.9M
HAEDAL 0 $29.4M
SWELL 1 $23.0M
IR 5 $10.6M
FIS 4 $3.9M
STRD 1 $3.8M
AMI 0 $2.6M
APR 5 $173.8K
KNINE 3 None
MILK 4 None
PSTAKE 2 None

The aPriori check came back contradicted: the outside page read lists the APR token under a different project name, so treat that NAUT row as due a refresh. Amnis Finance announced AMI on its own blog as a governance token that lets holders vote on protocol decisions.

Which liquid staking protocols have no token yet?

14 of the 30 have no live token on NAUT's record. 6 of them carry a stored ticker that NAUT has not marked live (ACFI, DIVA, SEILOR, COOK, WAGYU and URO), and Auro BTC has no token status on record at all, so confirm a token with the team before you build a pitch on it.

Protocol Ticker Rounds Stored TVL
COOK 0 $490.0M
URO 3 $263.5M
None 0 $23.2M
None 0 $1.1M
ACFI 0 $534.3K
WAGYU 1 $197.8K
SEILOR 3 $29.7K
DIVA 1 None
None 1 None
None 0 None
None 0 None
None 0 None
None 0 None
None 0 None

Kintsu Protocol is the clearest pre-token raise here: NFT Gators reported a $4M seed round to build liquid staking on Monad, the same $4M seed row NAUT holds. Diva holds a $3.5M seed round from 17 January 2023, which The Block also reported.

Which liquid staking protocols hold the most stored TVL?

Stored TVL, the 8 largest liquid staking protocols on NAUT
  1. Lido$19.96B
  2. Ether.Fi$3.90B
  3. Sanctum$1.48B
  4. Lista DAO$0.90B
  5. StakeWise$0.80B
  6. mETH$0.49B
  7. Solv$0.45B
  8. UniRouter$0.26B

20 of the 30 rows carry a stored TVL, together $28.35B, and Lido alone holds $19.96B of it; the other 10 rows have no TVL stored on NAUT.

Which liquid staking protocols raised funding?

19 of the 30 have at least 1 round on NAUT, 59 rounds in all, and 27 of those rounds carry at least 1 backer on NAUT's record. Solv Protocol has the most with 10, then aPriori, Ether.Fi and Infrared Finance with 5 each. Many of the latest rounds are exchange or launchpad token sales (IDO and IEO rows), so read the full round list on each page before you count a raise as venture money.

  • Lido: its latest round on NAUT is $70M from March 2022. Cointelegraph names the venture firm behind it, and the NAUT row for that round lists no backer yet.
  • Sanctum: its latest row is a $31.1M IDO from 16 July 2024, and the ticker moved to SANC after a governance vote.
  • Ether.Fi: the latest row is a $20,000 IEO from 17 March 2024, which an outside sale page dates to the same days.

What this tells a BD team selling to liquid staking protocols

  • Size first: 8 protocols hold over $250M of stored TVL each, and they sit at the top of both tables.
  • Chain fit next: Ethereum is the most common chain tag (11 of 30), then BNB Chain (9) and Arbitrum (5).
  • Pre-token teams with a seed round, such as Kintsu Protocol and Diva, still have token work ahead of them.
How a BD team can work this list
  1. Pick the size band8 protocols hold over $250M of stored TVL, led by Lido at $19.96B.
  2. Match the chainEthereum leads with 11 of the 30, then BNB Chain with 9.
  3. Check token status16 have a live token and 14 do not, so sort pitches by stage.
  4. Open the teamEach protocol's NAUT page shows the team and channels where NAUT has them on file.

What this tells an investor sourcing liquid staking derivatives

  • 11 of the 30 have no round on NAUT, among them Haedal ($29.4M stored TVL) and Volo ($23.2M), so ask each team about its cap table.
  • Liquid staking tokens in this set cover ETH, SUI, BNB, BTC, SEI and Cosmos assets, and LST protocols often sit on many chains at once: Ether.Fi and Solv Protocol each carry 11 chain tags.

How to reach the teams behind these LST protocols

Each name above links to the protocol's NAUT page, with the team NAUT holds and which channels are on file for each person. Start from the protocol, open the person's page, and use the channel on record.

Related reading on NAUT: Crypto money market protocols: 51 on NAUT, 32 with a live token and DeFi funding: 7 of 15 rounds went to perps, no VC led twice.

Can you pull this data through the NAUT API?

Yes: GET https://api.naut.so/v1/projects?q=liquid%20staking&token=launched with the header Authorization: Bearer $NAUT_KEY searches projects for "liquid staking" and keeps those with a launched token (the 30-row list here was filtered by hand from descriptions), and GET https://api.naut.so/v1/projects/lido-dao returns 1 protocol with its team where NAUT has one, each at 5 credits a call per the API docs. Plans start at $49 a month for 3,000 credits on the pricing page. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial.

Liquid staking protocols FAQ

Which liquid staking protocols have a token?

As of 12 November 2026, NAUT records a live token for 16 of its 30 liquid staking protocols, including Lido (LDO), Ether.Fi (ETHFI), Sanctum (SANC), Lista DAO (LISTA), StakeWise (SWISE) and Solv Protocol (SOLV).

What is the largest liquid staking protocol by TVL?

On NAUT's data read 12 November 2026, Lido holds the largest stored TVL of the 30 liquid staking protocols at $19.96B, followed by Ether.Fi at $3.90B and Sanctum at $1.48B.

Which liquid staking protocols raised funding?

19 of the 30 liquid staking protocols on NAUT have at least 1 round on record as of 12 November 2026, 59 rounds in all, with Solv Protocol at 10 rounds and Lido's latest at $70M.

Where can I find liquid staking protocol teams and their contact channels?

NAUT lists all 30 liquid staking protocols at naut.so, each page showing the team and channels where NAUT has them on file, and the call GET https://api.naut.so/v1/projects/<slug> returns 1 protocol with its team where NAUT has one. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial.

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