Liquid Collective

Liquid Collective is an enterprise-oriented liquid staking protocol on Ethereum, built and operated by a coalition of major web3 firms — Coinbase Cloud, Figment, Kraken, and others — rather than a single project. It issues LsETH, a non-rebasing LST.

The target market is institutions that need a staked-ETH product with curated, vetted operators and a clearer compliance posture than a fully permissionless LST. Service providers run validators under a shared service-level agreement.