Liquid staking changed DeFi. Before protocols like Lido and Rocket Pool, staking meant locking your tokens and walking away. You earned rewards, but your capital sat frozen until the unbonding period ended. Liquid staking solved that by giving you a receipt token that represents your staked position. With this system, you could earn rewards while keeping your capital working in DeFi at the same time.

Over $66 billion is currently locked across liquid staking protocols. The SEC cleared liquid staking tokens as non-securities in August 2025. Institutional adoption is climbing.

By every measure, liquid staking works. But it has a blind spot.

On Lido, you can stake ETH and receive stETH. On Jito, you can stake $SOL and receive JitoSOL. On Rocket Pool, you can stake ETH and receive rETH. In every case, you are staking the native token of the chain you are on. That is the only option.

If you hold ETH and want to earn staking rewards on a different chain, you cannot do that through traditional liquid staking. If you hold BTC or USDC and want staking exposure, your options are even more limited.

The model works well within its boundaries. Those boundaries, however, are both narrow and limited.

Supra’s iAssets protocol adds a whole new dynamic to this model.

What are iAssets?

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