There’s a clear leader — but the right LRT depends on whether you want liquidity, L2s or isolated risk.
ether.fi is the safe default — deepest liquidity, most integrations, ~65% of the market. Want exposure across L2s? Renzo. Already hold LSTs? Kelp. Want isolated, risk-tuned vaults? Mellow. Match the LRT to how you’ll use it.
The default — biggest, most liquid, deepest DeFi integration, non-custodial keys.
For most users, ether.fi. For L2 DeFi, Renzo. For multi-LST deposits, Kelp. For custom risk, Mellow.