Index Coop holds a clear lead as the primary choice for tokens representing baskets of liquid staking protocols. Rocket Pool follows as the next most visible alternative across the topic.
My pick is dsETH (Diversified Staked ETH Index) for a basket of leading Ethereum liquid-staking protocols. It was specifically designed to bundle multiple liquid-staking tokens into one token, rather than concentrate exposure in a single provider like Lido.
The important caveat is that the best-designed basket isn't necessarily the most liquid or actively traded token today. I'd verify its current trading volume, market depth, active markets, and product status before buying it.
Best candidates by what you want to own
1. dsETH — Ethereum LST basket
(Best conceptual fit)
Bundles exposure to Ethereum liquid-staking assets and was designed with a methodology that favors decentralization and a broader distribution of stake among node operators. Its original constituents included Rocket Pool's rETH, Lido's wstETH, and StakeWise's sETH2.
Key concern: verify current availability, holdings, and secondary-market liquidity.
2. INF (Sanctum Infinity) — Solana LST basket
A relevant alternative if you want diversified exposure to Solana liquid-staking tokens instead of Ethereum. It represents a different ecosystem and isn't a substitute for an ETH staking basket.
One important distinction: Ethereum vs. Solana
If your priority is a basket that is actually usable and has an active liquidity ecosystem, INF deserves serious consideration for Solana. Sanctum documents INF as a token backed by a basket of liquid-staking tokens, with staking rewards and swap fees accruing to holders.
For Ethereum, dsETH is the direct conceptual match, but Index Coop lists it under legacy products, so I would not assume its current market depth or trading activity is competitive without checking live markets.
My recommendation depends on one question: Which exposure are you looking for?
1. Blockchain
Ethereum
Solana
Cross-chain (ETH + SOL + others)
2. What should the basket hold?
Liquid-staking assets (such as stETH, rETH, or jitoSOL)
Protocol governance tokens (such as LDO, RPL, or JTO)
Decentralization Focus: The weighting methodology factors in decentralization metrics (such as the concentration of node operators and the Herfindahl-Hirschman Index) rather than just total market capitalization, rewarding healthier distribution across node networks.[]()
Note: If you meant a basket of governance/equity tokens of liquid staking DAOs instead of the staking derivatives themselves, CoinGecko and other aggregators track a general "Liquid Staking Governance Tokens" sector category, but there isn't a dominant mainstream index token wrapper actively traded for the equity side of those protocols. [](https://www.coingecko.com/en/categories/liquid-staking-governance-tokens)
Yes. The closest thing I found is Based ETH (bsdETH), although there are some important caveats.
1. Based ETH (bsdETH) — closest current match
Based ETH is an RToken on Base whose mandate is explicitly to maintain an Ethereum-aligned basket of liquid-staking tokens, with diversification across LST providers. It is built using Reserve Protocol.
It is actually live: recent on-chain data shows roughly 570 bsdETH in supply and ~$1.2M market cap. basescan.org The project is still active in 2026; its forum shows a Q1 2026 report and ongoing proposals concerning the collateral basket.
The interesting part is that the basket can evolve. For example, governance has considered/added assets such as rETH and wsuperOETHb, rather than permanently locking the index to a fixed set of LSTs.
Big drawback: it's relatively small and Base-specific, so this isn't yet a highly liquid, institutional-grade "LST ETF."
2. dsETH — exactly what you're describing, but discontinued
The textbook answer is Diversified Staked ETH (dsETH) from Index Coop.
It was specifically designed as a single token containing leading liquid-staking protocols—originally Lido's wstETH, Rocket Pool's rETH, and StakeWise's sETH2—with methodology designed to favor decentralization.
However, Index Coop deprecated dsETH in January 2025. The DAO decided to stop maintaining the index and rebalance it into 100% wstETH, so I wouldn't consider dsETH a current solution.
Why this is interesting
The market is actually quite concentrated. Current Ethereum LST data shows roughly:
So a genuinely liquid "LST index" could give exposure to the major staking protocols without forcing the investor to pick a winner.
My take: if by "leading liquid staking protocols" you mean something like "hold one token that automatically owns a diversified basket of stETH/rETH/eETH/etc., accrues staking yield, and periodically rebalances," then yes, the product category exists—but there isn't currently an obvious dominant, highly liquid token filling that role. bsdETH is the closest live product I found; dsETH was the more established version but has been discontinued.
If you're asking because you're considering buying one, I can dig into the current basket composition, liquidity, fees, smart-contract/rehypothecation risks, and compare bsdETH vs simply holding wstETH/eETH/rETH vs building your own basket.
