What are the best wallets for storing LSTs?

Liquid Staking Tokens (LSTs) offer yield and tradability, making secure, multi-chain wallet support essential for safe DeFi participation.

Jul 21, 2025 at 03:14 pm

Understanding LSTs and the Need for Secure Storage

LSTs, or Liquid Staking Tokens, are derivative tokens representing staked assets on a blockchain. When users stake their cryptocurrency, they often receive LSTs in return, which can be traded or used in DeFi protocols while still earning staking rewards. Given their dual utility—as both a yield-bearing asset and a tradable token—storing LSTs securely is crucial.

The nature of LSTs requires users to choose wallets that support both staking derivatives and compatibility with DeFi platforms. Not all wallets are built to handle these unique tokens, and some may lack the necessary integration to manage LST balances effectively.

Criteria for Evaluating LST-Compatible Wallets

When assessing which wallets are best suited for LST storage, several key criteria should be considered:

• Support for LSTs across multiple chains
• Integration with DeFi protocols
• Security features like hardware support and encryption
• User interface and ease of access
• Multi-chain compatibility and cross-chain functionality

Each of these factors plays a role in determining the usability and safety of LSTs. For example, a wallet that supports Ethereum-based LSTs like stETH (Lido Staked ETH) may not support Cosmos-based LSTs like stkATOM.

Top Wallets That Support LSTs

There are several wallets that stand out due to their native support for LSTs and DeFi integration. Below is a list of popular options:

• MetaMask – Widely used for Ethereum and Ethereum-compatible chains, MetaMask supports most LSTs such as stETH and rETH. Users can manually add tokens or use integrations with platforms like Lido.
• Trust Wallet – Known for its mobile-first approach, Trust Wallet supports multiple LSTs across Binance Smart Chain, Ethereum, and other networks. It also allows staking directly within the app.
• Keplr Wallet – A preferred wallet for Cosmos-based chains, Keplr supports IBC-compatible LSTs such as stkATOM and stOSMO. It integrates directly with platforms like Stader Labs and Stride.
• Phantom Wallet – Designed for the Solana ecosystem, Phantom supports Solana-based LSTs like bSOL and jSOL. It offers a clean interface and direct integration with staking protocols.
• Coinbase Wallet – Offers custodial and non-custodial options, and supports major LSTs on Ethereum and Polygon. It’s user-friendly and ideal for beginners.

Each wallet has its own set of supported chains and LST integrations, so users should verify compatibility before transferring assets.

How to Store LSTs in MetaMask

Storing LSTs in MetaMask requires a few steps, especially for tokens not automatically recognized:

• Open the MetaMask wallet and ensure you are on the correct network (e.g., Ethereum for stETH).
• Click on "Assets" > "Import Tokens".
• Enter the contract address of the LST (e.g., 0xae7ab96520DE3A18E5e111B5EaAb09C25AFe324C for stETH).
• Confirm the token symbol and decimals.
• Click "Add Custom Token" to complete the process.

For automated support, some platforms like Lido integrate directly with MetaMask, allowing users to view and manage LST balances without manual input.

Storing Cosmos-Based LSTs with Keplr Wallet

For users staking on Cosmos-based networks, Keplr Wallet is the go-to option. Here's how to store Cosmos LSTs:

• Install the Keplr browser extension or mobile app.
• Create or import a wallet.
• Select the relevant network (e.g., Cosmos Hub for stkATOM).
• Connect to a staking platform like Stride or Stader Labs.
• Stake your native token (e.g., ATOM) and receive stkATOM or stATOM.
• These LSTs will appear automatically in your Keplr Wallet balance.

Keplr also supports IBC transfers, allowing users to move LSTs between compatible chains such as Osmosis or Juno Network.

Best Practices for Securing LSTs in Any Wallet

Regardless of the wallet used, certain security practices should be followed to protect LST holdings:

• Always use hardware wallets for long-term storage of LSTs and their underlying assets.
• Enable two-factor authentication (2FA) for custodial wallet access.
• Keep recovery phrases offline and secure.
• Avoid sharing wallet addresses or private keys.
• Regularly update wallet software to ensure protection against vulnerabilities.
• Use trusted networks and verify contract addresses before importing tokens.

These practices help mitigate the risks associated with smart contract exploits and phishing attacks that can affect LST holders.

Frequently Asked Questions (FAQs)

Q: Can I stake LSTs again in another protocol?

Yes, many DeFi protocols allow LSTs to be re-staked or used as collateral. However, users should review the risks and rewards of doing so, including potential impermanent loss or slashing.

Q: Are all LSTs compatible with every wallet?

No, compatibility depends on the blockchain and token standard. For example, Ethereum-based LSTs work with ERC-20-compatible wallets, while Cosmos-based LSTs require IBC-compatible wallets like Keplr.

Q: How do I check if a wallet supports my LST?

Visit the wallet's official documentation or support page. You can also check token explorers or community forums for known compatibility with your specific LST.

Q: Can I transfer LSTs between wallets?

Yes, LSTs can be transferred like any other token, provided the receiving wallet supports the token and the underlying blockchain. Always double-check network compatibility before sending.