Am I understanding this right, Coinbase Staking on Ledger is safer than Lido?

From the disclaimer it says that Coinbase staking doesn't have possession of your coins, yet with Lido from what I could tell they do.

So the only risk would be if Coinbase staking smart contract got a penalty which would be like max 1% of my stake, but even if there was a bug etc there'd be no way to take my coin? And with Lido if there was a bug in the smart contract then I could potentially lose all my coin?

I don't have very much so I'm not super worried, but I do want to have some precaution.