> For the complete documentation index, see [llms.txt](https://docs.ethstrat.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ethstrat.xyz/tokenomics/lst-comparison.md).

# LST Comparison

How esETH compares to stETH, rETH, cbETH, and weETH — and why a protocol needs its own denomination layer.