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Cryptocurrency & Blockchain · head to head

Lido vs Rainbow

Lido logo

Lido

Cryptocurrency & Blockchain

Liquid staking for Ethereum and beyond

From
Free
Rated
-
Full reviewWebsite
Rainbow logo

Rainbow

Cryptocurrency & Blockchain

The fun, simple, and secure Ethereum wallet

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Lido lido takes a 10% fee on staking rewards, split between node operators and the DAO Treasury; Rainbow free instant deposits and fee auto-compounding are gated behind the paid Rainbow Black tier; the vendor's own site states "Upgrade to Rainbow Black for free instant deposits, bigger rewards, and up to 100% of your trading fees auto-compounded", implying standard accounts pay deposit and trading fees
  • They diverge on capability: Lido covers Liquid Staking, Rainbow covers Ethereum Wallet.

Where they differ

Only the attributes on which Lido and Rainbow actually diverge.

Attributes where Lido and Rainbow differ
AttributeLidoRainbow
PlatformsWebIos, Android, Chrome
Founded20202019

Identical on both: starting price (Free), pricing model (free), free tier (Yes), user rating (Not yet rated), category (Cryptocurrency & Blockchain).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Lido

  • Liquid Staking
  • stETH Token
  • No Minimum
  • DeFi Composable
  • LDO Token
  • Multi-chain
  • Web support

Only in Rainbow

  • Ethereum Wallet
  • NFT Gallery
  • ENS Integration
  • Layer 2 Support
  • Swaps
  • Ethereum
  • Optimism
  • Arbitrum

What people use each for

The jobs each tool is most often brought in to do.

Lido

  • Liquid staking of ETH and other proof of stake tokensnot Rainbow

Rainbow

  • Walletsnot Lido
  • Ethereumnot Lido
  • Mobilenot Lido

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Lido

  • Lido takes a 10% fee on staking rewards, split between node operators and the DAO Treasury

Rainbow

  • Free instant deposits and fee auto-compounding are gated behind the paid Rainbow Black tier; the vendor's own site states "Upgrade to Rainbow Black for free instant deposits, bigger rewards, and up to 100% of your trading fees auto-compounded", implying standard accounts pay deposit and trading fees

Pricing, plan by plan

Lido

Free
  • FreeFree
    • Liquid staking
    • stETH token
    • DeFi integration

Rainbow

Free
  • FreeFree
    • Ethereum wallet
    • NFTs
    • ENS

Which should you pick?

Choose Lido if

  • You need liquid staking.
  • You want to start without paying.
  • You also want steth token.
Lido review

Choose Rainbow if

  • You need ethereum wallet.
  • You want to start without paying.
  • You work on Ios, Android, Chrome.
  • You also want nft gallery.
Rainbow review

Questions people ask

Is Lido or Rainbow better?
Neither clearly leads. Lido starts at Free and Rainbow at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Lido or Rainbow?
Lido starts at Free and Rainbow at Free.
Does Lido or Rainbow run on more platforms?
Lido runs on Web. Rainbow runs on Ios, Android, Chrome.
Can I use Lido for free?
Both have a free tier, so you can try either at no cost before committing.
What is Lido best used for?
Lido is most often used for liquid staking of eth and other proof of stake tokens. Of those, liquid staking of eth and other proof of stake tokens is not what Rainbow is typically brought in for.
What can Lido do that Rainbow cannot?
Lido covers Liquid Staking, stETH Token, No Minimum, DeFi Composable. Rainbow covers Ethereum Wallet, NFT Gallery, ENS Integration, Layer 2 Support.
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