Stader ETHx
ETHXA liquid staking token for Ethereum.
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About Stader ETHx
Analysis of 14 Feb 2026Stader ETHx is a liquid staking token that represents staked Ethereum on the Stader protocol, allowing users to stake as little as 4 ETH while maintaining liquidity. As of February 2026, ETHx trades at $2,168-$2,790 depending on the exchange, with a market cap ranging from $267M to $658M across different reporting sources.
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The protocol offers a current APY of 2.68%, which has remained stable since January 2026, slightly below Ethereum's base staking yield of 2.84%. Stader differentiates itself through its distributed validator technology (DVT) approach, which was significantly validated when Ethereum co-founder Vitalik Buterin proposed native DVT integration into Ethereum's consensus layer in January 2026.
With over 50 DeFi integrations including Aave, Balancer, Curve, and Pendle, ETHx enables users to maximize yield through various DeFi strategies, with some integrations offering 15-30% higher returns. The protocol maintains a self-limiting pledge to cap its market share at 22% of staked ETH, promoting decentralization in contrast to Lido's 24-32% dominance.