Abstract: This article explores the concept of liquid staking, a solution to the market inefficiency of locked Ether in Ethereum's proof-of-stake transition. Liquid staking protocols offer users the ability to stake Ether while receiving liquid staking tokens in return, which can be utilized in various DeFi applications. The article also highlights the dominance of Lido as the largest liquid staking protocol and the significance of tracking the liquid staking market using DefiLlama's dashboard. Additionally, it discusses the potential risks associated with activating withdrawals and provides insights into the metrics used to evaluate liquid staking protocols.