Lido DAO vs 
Ether.fi
Two ways to stake Ethereum without running a validator. Lido is the incumbent by a wide margin, issuing stETH and holding a share of all staked ETH large enough that its concentration is itself a live debate about Ethereum's decentralisation. Ether.fi built around restaking and keeping users in control of their withdrawal keys, a direct response to that concentration criticism. Both hand you a liquid token; they differ on who holds what.
12 months, both starting at 100 (AUD)
LDO → 27 · ETHFI → 38| Measure | LDO | ETHFI |
|---|---|---|
| Market cap | A$0.5B | A$0.9B |
| Rank | #139 | #97 |
| Price | A$0.5484 | A$0.9185 |
| 90-day change (AUD) | +49.0% | +88.6% |
| 12-month change (AUD) | −67.5% | −57.7% |
| From all-time high | −94.7% | −93.0% |
| Supply model | Capped: 1.00B max | Capped: 1.00B max |
| AU exchanges we verify it on | 3 | 2 |
About Lido DAO
About Ether.fi
Ether.fi is a liquid-restaking protocol: users stake ETH, receive a liquid token, and take extra yield from restaking. ETHFI governs the protocol. Extra yield here means extra layers of risk.
FAQ
Which is bigger, Lido DAO or Ether.fi?
By market value today: Ether.fi (A$0.9B vs A$0.5B). Size measures money invested, not quality — but it does measure liquidity, which affects how easily you can buy and sell.
Which performed better this year?
Over the past 12 months in AUD terms: LDO −67.5%, ETHFI −57.7% — the chart above shows the whole path, which matters more than the endpoints. Past performance is no indicator of future results, in either direction.
Can I buy both in Australia?
Yes — both are listed on AUSTRAC-registered exchanges we verify. LDO appears on 3 of our reviewed platforms and ETHFI on 2. Compare costs first on the fee calculator, and remember every crypto-to-crypto swap between them is a CGT event.
Should I hold LDO or ETHFI?
That's a personal decision we don't make for you — this page exists to make the structural differences clear so the choice is yours. What we'd say to anyone: understand what job each coin is designed for, size positions like the risk is real, and check the honest failure statistics before going further down the market-cap list.
Data from our market records (powered by CoinGecko), refreshed with the daily rebuild. General information only, not financial advice — we compare structure and history, we don't pick winners.