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🚀 Discover the Power of Restaking Ethereum for Enhanced Rewards! 🌟
Are you ready to supercharge your Ethereum holdings and maximize your rewards? Dive into the exciting world of restaking Ethereum and unlock a whole new realm of potential! 🌈💰
🔍 What is Restaking?
Restaking is a revolutionary concept in the world of cryptocurrency, allowing you to use your Ethereum holdings in the consensus layer more efficiently. By activating idle staked tokens, restaking enables you to earn higher staking rewards while strengthening the security of the Ethereum network. It's like putting your assets to work for you, earning rewards in the process! 💼💸
🔄 Types of Restaking:
There are two main types of restaking: native and liquid. Native restaking is for users who run Ethereum validator nodes, while liquid restaking involves using liquid staking tokens (LST). Liquid restaking, exemplified by platforms like EigenLayer, opens up exciting opportunities for smaller investors to earn rewards and participate in the DeFi ecosystem. 🌐🔒
💡 How does it Work?
Restaking on platforms like EigenLayer is incredibly simple and straightforward. Just connect your wallet, select your preferred LST, and engage with the restaking mechanism through smart contracts. It's a seamless process that allows you to maximize your rewards with ease! 🚀🔑
🌟 Benefits of Restaking:
- Boost your Ethereum rewards and earn passive income.
- Contribute to the security of the Ethereum network.
- Participate in the exciting world of DeFi with liquid staking tokens.
- Empower smaller investors to participate in staking and earn rewards. 🛡️💡
🚀 Join the Restaking Revolution Today!
Are you ready to take your Ethereum holdings to the next level? Don't miss out on the opportunity to maximize your rewards and contribute to the security of the Ethereum network. Start restaking today and unlock the full potential of your Ethereum investments! 💪💰
#EthereumFuture #restaking #MaximizeRewards $ETH $USDC
Are you ready to supercharge your Ethereum holdings and maximize your rewards? Dive into the exciting world of restaking Ethereum and unlock a whole new realm of potential! 🌈💰
🔍 What is Restaking?
Restaking is a revolutionary concept in the world of cryptocurrency, allowing you to use your Ethereum holdings in the consensus layer more efficiently. By activating idle staked tokens, restaking enables you to earn higher staking rewards while strengthening the security of the Ethereum network. It's like putting your assets to work for you, earning rewards in the process! 💼💸
🔄 Types of Restaking:
There are two main types of restaking: native and liquid. Native restaking is for users who run Ethereum validator nodes, while liquid restaking involves using liquid staking tokens (LST). Liquid restaking, exemplified by platforms like EigenLayer, opens up exciting opportunities for smaller investors to earn rewards and participate in the DeFi ecosystem. 🌐🔒
💡 How does it Work?
Restaking on platforms like EigenLayer is incredibly simple and straightforward. Just connect your wallet, select your preferred LST, and engage with the restaking mechanism through smart contracts. It's a seamless process that allows you to maximize your rewards with ease! 🚀🔑
🌟 Benefits of Restaking:
- Boost your Ethereum rewards and earn passive income.
- Contribute to the security of the Ethereum network.
- Participate in the exciting world of DeFi with liquid staking tokens.
- Empower smaller investors to participate in staking and earn rewards. 🛡️💡
🚀 Join the Restaking Revolution Today!
Are you ready to take your Ethereum holdings to the next level? Don't miss out on the opportunity to maximize your rewards and contribute to the security of the Ethereum network. Start restaking today and unlock the full potential of your Ethereum investments! 💪💰
#EthereumFuture #restaking #MaximizeRewards $ETH $USDC
#DuneAnalytics
#ETH solo stakers listed by Dune as the #restaking conversation takes centre stage. #DanielWang and #VitalikButerin among known solo stakers.
#ETH solo stakers listed by Dune as the #restaking conversation takes centre stage. #DanielWang and #VitalikButerin among known solo stakers.
Today's Movement of $BB is 🤞Good
The bouncing bit is about to jump.
Today's performance of $BB is promising, with the coin consistently trading above 0.4 USDT for several hours.
According to a report from Binance News, which referenced insights from Odaily, this trend is considered positive. READ MORE
Moreover, collaboration with Athena Labs is going to bring more exciting news to the communities of both $ENA and #BB real soon. READ MORE
However, it is crucial to remember that the cryptocurrency market is highly volatile, and prices can fluctuate dramatically. As always, caution and careful consideration are advised when dealing with crypto assets.
#restaking
- More for all, less for none. -
The bouncing bit is about to jump.
Today's performance of $BB is promising, with the coin consistently trading above 0.4 USDT for several hours.
According to a report from Binance News, which referenced insights from Odaily, this trend is considered positive. READ MORE
Moreover, collaboration with Athena Labs is going to bring more exciting news to the communities of both $ENA and #BB real soon. READ MORE
However, it is crucial to remember that the cryptocurrency market is highly volatile, and prices can fluctuate dramatically. As always, caution and careful consideration are advised when dealing with crypto assets.
#restaking
- More for all, less for none. -
Restaking Bitcoin: A New Frontier for DeFi Innovation
DeFi is buzzing with activity as developers explore ways to bring "restaking" - a method to earn extra rewards on staked assets - to the massive Bitcoin market. This mirrors the success of restaking in the Ethereum space.
#restaking #Bitcoin #DeFi #Ethereum
DeFi is buzzing with activity as developers explore ways to bring "restaking" - a method to earn extra rewards on staked assets - to the massive Bitcoin market. This mirrors the success of restaking in the Ethereum space.
#restaking #Bitcoin #DeFi #Ethereum
How did ( $BB ) BounceBit Create a Restaking Revenue Loop for $BTC Native Assets?
The article explores the way to create a parallel #POS chain with BounceBit, which combines #Ethereum's secure consensus innovation and compliance with CeFi platform partnerships to provide diversified #restaking revenue models for BTC asset holders, aiming to overcome the lack of revenue for BTC in its native POW environment.
Mar 08, 2024
The article explores the way to create a parallel #POS chain with BounceBit, which combines #Ethereum's secure consensus innovation and compliance with CeFi platform partnerships to provide diversified #restaking revenue models for BTC asset holders, aiming to overcome the lack of revenue for BTC in its native POW environment.
Mar 08, 2024
Bitcoin #restaking and staking is taking off fueled by the #Babylon_Mainnet_Launch
Who will profit? $BB BounceBit
They did $BTC staking first, but it works differently and is focused more on yield generation through #CeDeFi
I think both approaches have their market.
Who will profit? $BB BounceBit
They did $BTC staking first, but it works differently and is focused more on yield generation through #CeDeFi
I think both approaches have their market.
$REZ BIG OPPORTUNITY AHEAD
I do not normally give out Futures Signal. But based on ETH hype, which will be going on in the next few days. I would give my followers
✨✨✨✨
$REZ
- Entry: 0.133 - 0.1335
- Stl: 0.1295
- Tp: Depend on your taste. I would take profit +50% from here
#altcoins #ETHETFS #restaking #buythedip #longpositions
I do not normally give out Futures Signal. But based on ETH hype, which will be going on in the next few days. I would give my followers
✨✨✨✨
$REZ
- Entry: 0.133 - 0.1335
- Stl: 0.1295
- Tp: Depend on your taste. I would take profit +50% from here
#altcoins #ETHETFS #restaking #buythedip #longpositions
Symbiotic, a permissionless restaking protocol, has officially launched. The protocol's core contracts are immutable and non-upgradeable, which removes external governance risks and single points of failure.
Additionally, Symbiotic has announced a $5.8M seed funding round, led by crypto-native funds Paradigm and CyberFund.
#Symbiotic #restaking #TopCoinsJune2024 #ETHETFsApproved #Binance200M
Additionally, Symbiotic has announced a $5.8M seed funding round, led by crypto-native funds Paradigm and CyberFund.
#Symbiotic #restaking #TopCoinsJune2024 #ETHETFsApproved #Binance200M
Omni Network: The Layer 1 Blockchain Bringing Spotlight To Restaking Category
Omni Network has just been announced by Binance to launch on #BinanceLaunchPool🔥 . This is a Layer 1 blockchain project created with a mission to connect various blockchains.
Furthermore, the project is backed by significant investment funds along with an Airdrop program that is said to be substantial.
Let's explore more!
1. What is Omni Network?
Omni Network (Omni) is a Layer 1 blockchain designed to integrate #Ethereum✅ rollup ecosystem into a unified system through Restaking. As a result, developers can build global applications that allow access to all liquidity sources and users of Ethereum.
The project has also just announced an Airdrop for users.
2. Key features of the project include:
Addressing Liquidity Fragmentation:
The Omni protocol aims to tackle fragmentation challenges by facilitating smooth communication and compatibility between different rollups:
Cross-rollup Communication: Omni allows users and applications to interact across different rollups as a unified network.Unified Liquidity Pools: By supporting Cross-rollup transactions, Omni helps aggregate liquidity, improve capital efficiency, and minimize slippage.Simplified User Experience:Users can enjoy a seamless experience with the ability to move assets or perform actions across rollups without complex processes or multiple steps, leveraging developer-friendly infrastructure.
The Restaking mechanism:
The Restaking mechanism introduced by the project presents a groundbreaking approach to blockchain security by utilizing Restaking $ETH . When ETH is Restaked on the Omni Chain, it enhances the security of other projects within the Ethereum network.
Omni Network also employs a "Dual Staking" mechanism through Restaking ETH and Staking OMNI. This not only enhances the security of the Ethereum Chain but also strengthens its own security budget as more OMNI tokens are staked.
Compatibility:
Compatibility is crucial for any project to achieve transactional and informational exchange consistency. With Omni Network, the project addresses compatibility needs by providing a protocol that supports Cross-chain communication, bridging interaction between multiple blockchains.
With this support, developers can easily create dApps that operate across multiple chains, minimizing complexity in connectivity and transactions.
In particular, through integration with EigenLayer, Omni Network ensures secure and robust Cross-chain transactions.
CometBFT:
CometBFT is a Byzantine Fault Tolerant (BFT) consensus mechanism designed to ensure network consensus in a distributed system, even in the presence of faulty or malicious nodes.
Its flexibility and efficiency make it an ideal choice for Omni, aiming to provide reliable Cross-rollup and Cross-chain communication services.
=> Developers can build dApps on Cross-chain without compromising performance and security.
Dual-Chain Architecture:
Omni introduces a breakthrough approach in blockchain architecture designed to enhance performance and scalability without compromising security.
Omni's architecture is divided into two main layers: Consensus Layer and Execution Layer. This dual-chain structure allows Omni to process transactions efficiently and manage global state across multiple networks.
=> Using a Modular blockchain structure makes Omni Network a name that maintains security from Restaking #ETH🔥🔥🔥 while improving transaction processing speed and cost efficiency through workload layering.
3. Token Information
Token Metrics
Token Name: Omni Network TokenTicker: OMNIBlockchain: EthereumToken Standard: ERC-20Contract: Updating...Token Type: Utility & GovernanceTotal Supply: 100,000,000 OMNICirculating Supply: 10,391,492 OMNI (110.39% of total supply)
Token Allocation
Private Sale Investors: 20.06%Public Launch Allocation: 5.77%Binance Launchpool: 3.5%Team: 25.25%Advisors: 3.25%Ecosystem Fund: 29.50%Community Fund: 12.67%
4. Token Distribution Schedule:
5. Token utility
The utility of the OMNI token includes:
Gas fees for transactions between Omni EVM and Cross-chain applications.Governance: decentralizing network governance through staking and governance voting.Creating a gas market for Cross-chain transactions.Staking for system security.
6. Roadmap
Q2/24:
Integration of Liquid Staking and Eigenlayer protocols as "Operators"#mainnet launchToken Generation Event (TGE)Deployment of a portion of the committed $11 billion to deploy xERC20 secured by Omni
Q3/24:
Launch of "Global Applications" (NGAs) on Omni EVMDeployment of multi-rollup smart contracts to scale applicationsRelease of Typescript frontend library to support application development
Q4/24:
Expansion of Omni Network to integrate Data Availability systems like EigenDA or CelestiaEnhancement of network rollup capabilitiesWelcoming MPC providers to offer services for organizations seeking access to Ethereum rollups
Team
Co-Founder/CEO – Austin King: He studied Computer Science at Harvard, developed InterLedger Network (processing over 10 billion transactions), sold a company to Ripple, and served as CEO of Omni Labs.Co-Founder/CTO – Tyler Tarsi: He studied Applied Mathematics, Computer Science, and Economics at Harvard. He has experience in building machine learning infrastructure for quantitative trading systems.
7. Investors & Partners
Investors
Omni Network successfully raised $18 million on March 26, 2023. This funding round saw participation from major funds such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures.
Partners
Omni Network's partners include major names, notably EigenLayer, which plays a crucial role in the platform's Restaking ETH strategy.
8. Analysis
Omni Network is a Layer 1 blockchain designed to integrate Ethereum's rollup ecosystem and address liquidity fragmentation issues. The project utilizes the Restaking ETH mechanism and Dual-Chain architecture to enhance security and performance. Notably, the support from major investors such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures, with $18 million raised, is noteworthy.
Being listed on Binance Launchpool recently adds to the attractiveness of the #restaking segment.
$ETHFI $ALT
Furthermore, the project is backed by significant investment funds along with an Airdrop program that is said to be substantial.
Let's explore more!
1. What is Omni Network?
Omni Network (Omni) is a Layer 1 blockchain designed to integrate #Ethereum✅ rollup ecosystem into a unified system through Restaking. As a result, developers can build global applications that allow access to all liquidity sources and users of Ethereum.
The project has also just announced an Airdrop for users.
2. Key features of the project include:
Addressing Liquidity Fragmentation:
The Omni protocol aims to tackle fragmentation challenges by facilitating smooth communication and compatibility between different rollups:
Cross-rollup Communication: Omni allows users and applications to interact across different rollups as a unified network.Unified Liquidity Pools: By supporting Cross-rollup transactions, Omni helps aggregate liquidity, improve capital efficiency, and minimize slippage.Simplified User Experience:Users can enjoy a seamless experience with the ability to move assets or perform actions across rollups without complex processes or multiple steps, leveraging developer-friendly infrastructure.
The Restaking mechanism:
The Restaking mechanism introduced by the project presents a groundbreaking approach to blockchain security by utilizing Restaking $ETH . When ETH is Restaked on the Omni Chain, it enhances the security of other projects within the Ethereum network.
Omni Network also employs a "Dual Staking" mechanism through Restaking ETH and Staking OMNI. This not only enhances the security of the Ethereum Chain but also strengthens its own security budget as more OMNI tokens are staked.
Compatibility:
Compatibility is crucial for any project to achieve transactional and informational exchange consistency. With Omni Network, the project addresses compatibility needs by providing a protocol that supports Cross-chain communication, bridging interaction between multiple blockchains.
With this support, developers can easily create dApps that operate across multiple chains, minimizing complexity in connectivity and transactions.
In particular, through integration with EigenLayer, Omni Network ensures secure and robust Cross-chain transactions.
CometBFT:
CometBFT is a Byzantine Fault Tolerant (BFT) consensus mechanism designed to ensure network consensus in a distributed system, even in the presence of faulty or malicious nodes.
Its flexibility and efficiency make it an ideal choice for Omni, aiming to provide reliable Cross-rollup and Cross-chain communication services.
=> Developers can build dApps on Cross-chain without compromising performance and security.
Dual-Chain Architecture:
Omni introduces a breakthrough approach in blockchain architecture designed to enhance performance and scalability without compromising security.
Omni's architecture is divided into two main layers: Consensus Layer and Execution Layer. This dual-chain structure allows Omni to process transactions efficiently and manage global state across multiple networks.
=> Using a Modular blockchain structure makes Omni Network a name that maintains security from Restaking #ETH🔥🔥🔥 while improving transaction processing speed and cost efficiency through workload layering.
3. Token Information
Token Metrics
Token Name: Omni Network TokenTicker: OMNIBlockchain: EthereumToken Standard: ERC-20Contract: Updating...Token Type: Utility & GovernanceTotal Supply: 100,000,000 OMNICirculating Supply: 10,391,492 OMNI (110.39% of total supply)
Token Allocation
Private Sale Investors: 20.06%Public Launch Allocation: 5.77%Binance Launchpool: 3.5%Team: 25.25%Advisors: 3.25%Ecosystem Fund: 29.50%Community Fund: 12.67%
4. Token Distribution Schedule:
5. Token utility
The utility of the OMNI token includes:
Gas fees for transactions between Omni EVM and Cross-chain applications.Governance: decentralizing network governance through staking and governance voting.Creating a gas market for Cross-chain transactions.Staking for system security.
6. Roadmap
Q2/24:
Integration of Liquid Staking and Eigenlayer protocols as "Operators"#mainnet launchToken Generation Event (TGE)Deployment of a portion of the committed $11 billion to deploy xERC20 secured by Omni
Q3/24:
Launch of "Global Applications" (NGAs) on Omni EVMDeployment of multi-rollup smart contracts to scale applicationsRelease of Typescript frontend library to support application development
Q4/24:
Expansion of Omni Network to integrate Data Availability systems like EigenDA or CelestiaEnhancement of network rollup capabilitiesWelcoming MPC providers to offer services for organizations seeking access to Ethereum rollups
Team
Co-Founder/CEO – Austin King: He studied Computer Science at Harvard, developed InterLedger Network (processing over 10 billion transactions), sold a company to Ripple, and served as CEO of Omni Labs.Co-Founder/CTO – Tyler Tarsi: He studied Applied Mathematics, Computer Science, and Economics at Harvard. He has experience in building machine learning infrastructure for quantitative trading systems.
7. Investors & Partners
Investors
Omni Network successfully raised $18 million on March 26, 2023. This funding round saw participation from major funds such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures.
Partners
Omni Network's partners include major names, notably EigenLayer, which plays a crucial role in the platform's Restaking ETH strategy.
8. Analysis
Omni Network is a Layer 1 blockchain designed to integrate Ethereum's rollup ecosystem and address liquidity fragmentation issues. The project utilizes the Restaking ETH mechanism and Dual-Chain architecture to enhance security and performance. Notably, the support from major investors such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures, with $18 million raised, is noteworthy.
Being listed on Binance Launchpool recently adds to the attractiveness of the #restaking segment.
$ETHFI $ALT
🚀 Breaking News in DeFi: Lido Co-Founders and Paradigm Secretly Back EigenLayer Competitor🚀
$LDO
- Lido co-founders and venture capital firm Paradigm are reportedly backing a new company, Symbiotic, in the restaking arena, challenging EigenLayer.
- Symbiotic aims to provide a permissionless restaking protocol compatible with various assets, including Lido's staked ETH token (stETH).
- Internal documents obtained by CoinDesk outline Symbiotic's approach to coordinating node operators and providers of economic security.
- EigenLayer, a dominant player in restaking, has seen significant deposits since its launch.
- The involvement of Cyber Fund and Paradigm could position Symbiotic as a strong competitor to EigenLayer, reflecting growing interest in restaking.
- Liquid restaking startups have affected the market for Lido's stETH token, prompting discussions within the Lido DAO about the future strategy around restaking.
📈 Implications:
- The emergence of Symbiotic highlights the intensifying competition in the restaking space and the desire to capitalize on this growing trend.
- Symbiotic's permissionless approach and compatibility with various assets may appeal to users seeking flexibility and decentralization.
- Discussions with other restaking firms suggest potential integration opportunities and industry interest in Symbiotic's platform.
💡 Takeaway:
- Keep an eye on Symbiotic's development and its impact on the restaking landscape, as it could reshape dynamics within the DeFi ecosystem.
- Stay informed about the evolving strategies of leading players like Lido and EigenLayer as they navigate the competitive landscape.
Stay tuned for further updates as this story unfolds! 🌐 #DEFİ #restaking #CryptoNews🚀🔥 📰🔗
$LDO
- Lido co-founders and venture capital firm Paradigm are reportedly backing a new company, Symbiotic, in the restaking arena, challenging EigenLayer.
- Symbiotic aims to provide a permissionless restaking protocol compatible with various assets, including Lido's staked ETH token (stETH).
- Internal documents obtained by CoinDesk outline Symbiotic's approach to coordinating node operators and providers of economic security.
- EigenLayer, a dominant player in restaking, has seen significant deposits since its launch.
- The involvement of Cyber Fund and Paradigm could position Symbiotic as a strong competitor to EigenLayer, reflecting growing interest in restaking.
- Liquid restaking startups have affected the market for Lido's stETH token, prompting discussions within the Lido DAO about the future strategy around restaking.
📈 Implications:
- The emergence of Symbiotic highlights the intensifying competition in the restaking space and the desire to capitalize on this growing trend.
- Symbiotic's permissionless approach and compatibility with various assets may appeal to users seeking flexibility and decentralization.
- Discussions with other restaking firms suggest potential integration opportunities and industry interest in Symbiotic's platform.
💡 Takeaway:
- Keep an eye on Symbiotic's development and its impact on the restaking landscape, as it could reshape dynamics within the DeFi ecosystem.
- Stay informed about the evolving strategies of leading players like Lido and EigenLayer as they navigate the competitive landscape.
Stay tuned for further updates as this story unfolds! 🌐 #DEFİ #restaking #CryptoNews🚀🔥 📰🔗
$LDO
😱🚀🚀Liquid Restaking Protocol Renzo Raises $17 Million to Expand Its Services😱🚀🚀
Liquid #restaking protocol Renzo announced today that it has received $17 million in funding. #Renzo is currently worth approximately $4 billion. Coming in two rounds, the first round was led by Galaxy Ventures, while the second round was led by Nova Fund – BH Digital (based in Abu Dhabi). This follows previous funding of 3.2 million for the film through Maven11, Figment Capital and Binance Labs.
To re-evaluate, it is quickly becoming a mainstay for scaling security on Ethereum, but it is complex, cheap and user-blocking. Building on EigenLayer, Renzo is building to make buyback accessible and easy, and the new funding round will expand buyback services.
Renzo is based on a secure and user-friendly distribution service for the EigenLayer ecosystem, securing AVS (Actively Authenticated Services), simplifying the process of re-accessing data cards and enabling secure integrations with node operators.
“Restaking of all assets, ETH and ERC-20, is a binary transaction, and the dual staking adoption feature creates the consensus layer for Renzo to restake,said Founding Contributor Lucas Kozinski.
Renzo understands that it allows players to deposit local ETH, stETH and wBETH (LSTs) and their accounts to EigenLayer. Renzo is operated as a distributed Ethereum validator by Figment, P2P.org and Hashkey Cloud to provide unlimited participation in Eigenlayer.
Available with over 100 DeFi benchmarks from Arbitrum, Base, Blast, Linea, Mode and BNB Chain.
“Renzo distinguishes itself from other protocols by building the details of the system with repurchase in mind, unlike traditional staking protocols that only include repurchase,” said Will Nuelle, General Partner at Galaxy Ventures. “What sets Renzo apart is its unique ability to accept both native ETH and standard Liquid Staking Tokens (LSTs). “This capability allows Renzo to enhance collaboration with existing market players and provides a seamless, user-friendly process for existing players.
#REZ $REZ
Liquid #restaking protocol Renzo announced today that it has received $17 million in funding. #Renzo is currently worth approximately $4 billion. Coming in two rounds, the first round was led by Galaxy Ventures, while the second round was led by Nova Fund – BH Digital (based in Abu Dhabi). This follows previous funding of 3.2 million for the film through Maven11, Figment Capital and Binance Labs.
To re-evaluate, it is quickly becoming a mainstay for scaling security on Ethereum, but it is complex, cheap and user-blocking. Building on EigenLayer, Renzo is building to make buyback accessible and easy, and the new funding round will expand buyback services.
Renzo is based on a secure and user-friendly distribution service for the EigenLayer ecosystem, securing AVS (Actively Authenticated Services), simplifying the process of re-accessing data cards and enabling secure integrations with node operators.
“Restaking of all assets, ETH and ERC-20, is a binary transaction, and the dual staking adoption feature creates the consensus layer for Renzo to restake,said Founding Contributor Lucas Kozinski.
Renzo understands that it allows players to deposit local ETH, stETH and wBETH (LSTs) and their accounts to EigenLayer. Renzo is operated as a distributed Ethereum validator by Figment, P2P.org and Hashkey Cloud to provide unlimited participation in Eigenlayer.
Available with over 100 DeFi benchmarks from Arbitrum, Base, Blast, Linea, Mode and BNB Chain.
“Renzo distinguishes itself from other protocols by building the details of the system with repurchase in mind, unlike traditional staking protocols that only include repurchase,” said Will Nuelle, General Partner at Galaxy Ventures. “What sets Renzo apart is its unique ability to accept both native ETH and standard Liquid Staking Tokens (LSTs). “This capability allows Renzo to enhance collaboration with existing market players and provides a seamless, user-friendly process for existing players.
#REZ $REZ
Will $ETHFI Spectacular Breakout Lead To An Explosive #restaking Trend?
In just 24 short hours, the trading price of #ETHFI has recorded an impressive growth of over 26%, leading the restaking category and showing no signs of slowing down.
Will this strong breakthrough bring positive effects to the entire restaking industry? Or is it signaling a potential surge for restaking in the future?
#Ethereum✅ #HotTrends
$SUI $PDA
In just 24 short hours, the trading price of #ETHFI has recorded an impressive growth of over 26%, leading the restaking category and showing no signs of slowing down.
Will this strong breakthrough bring positive effects to the entire restaking industry? Or is it signaling a potential surge for restaking in the future?
#Ethereum✅ #HotTrends
$SUI $PDA
$ETHFI will be open for trading in 1 hr 52 mins on #Binance
#BNB $BNB #restaking #stakingbnb #Ethereum $ETH
#BNB $BNB #restaking #stakingbnb #Ethereum $ETH
🔥🔥🔥 $ETH #restaking surge driven by a decrease in annual staking rates — #P2P.org
The rise in Ethereum restaking is driven by declining annual percentage rates (APRs) for staking, according to P2P.org. Staking, a key component of proof-of-stake (PoS) blockchains, involves locking crypto to earn rewards. Restaking allows stakers to reuse their staked tokens for additional rewards, boosting network security.
As ETH's token supply exceeded 120 million on August 15, the popularity of restaking surged, leading to increased ETH issuance. Artemiy Parshakov of P2P.org noted that lower ETH staking APRs and competition among staking providers have fueled restaking's appeal, making it essential for maximizing returns.
P2P.org's Alessandro Maci pointed to EigenLayer’s EIGEN token rewards and the emergence of the permissionless restaking protocol Symbiotic as key factors driving the trend. Restaking is now a vital strategy for enhancing security and optimizing returns in the competitive market.
Source - cointelegraph.com
#CryptoUpdate🚀🔥 #BinanceSquareTrends #CryptoMarkets
The rise in Ethereum restaking is driven by declining annual percentage rates (APRs) for staking, according to P2P.org. Staking, a key component of proof-of-stake (PoS) blockchains, involves locking crypto to earn rewards. Restaking allows stakers to reuse their staked tokens for additional rewards, boosting network security.
As ETH's token supply exceeded 120 million on August 15, the popularity of restaking surged, leading to increased ETH issuance. Artemiy Parshakov of P2P.org noted that lower ETH staking APRs and competition among staking providers have fueled restaking's appeal, making it essential for maximizing returns.
P2P.org's Alessandro Maci pointed to EigenLayer’s EIGEN token rewards and the emergence of the permissionless restaking protocol Symbiotic as key factors driving the trend. Restaking is now a vital strategy for enhancing security and optimizing returns in the competitive market.
Source - cointelegraph.com
#CryptoUpdate🚀🔥 #BinanceSquareTrends #CryptoMarkets
#Write2Earn #EigenLayer Surges as Fifth Largest #DeFi Protocol with $4 Billion Influx #ethereumRestaking #restaking $ETH
EigenLayer, a prominent liquid restaking platform, has surged to become the fifth-largest decentralized finance (DeFi) protocol, witnessing a significant influx of over $4 billion following the elimination of the staking cap.
The capital locked in restaking protocols has soared to an astounding $10 billion, a remarkable increase from a mere $350 million recorded in December.
With the recent injection of $4 billion, EigenLayer has solidified its position as the fifth-largest DeFi platform. The decision to abolish the staking cap, announced on February 5th, propelled a surge in inflows, aiming to stimulate organic demand, as highlighted in EigenLayer's blog post. This move triggered a swift and substantial response, with over $1 million worth of ETH pouring into EigenLayer within hours of lifting the staking cap, catapulting its total value locked (TVL) to an impressive $3 billion.
The restaking period concluded on February 10th, witnessing a further $600 million surge in TVL attributed to escalating asset prices.
EigenLayer presently reports a TVL of $6.6 billion, marking a staggering surge of $6.5 billion over the past few months. Notably, data from DeFiLlama reveals that the assets currently locked on the protocol include 469,870 wrapped ether (WETH) tokens valued at $1.9 billion, along with an additional $2.7 billion worth of staked ETH (stETH).
EigenLayer supports various liquid staking tokens, including Lido-staked ETH (stETH) and Rocket Pool ETH (RETH), wherein platforms such as Lido and Rocket Pool stake ETH on behalf of users, issuing liquid staking tokens representing the stake and accruing interest.
Originally launched on the Ethereum mainnet in June 2023, EigenLayer initially supported liquid staking tokens from three projects: Lido, Rocket Pool, and Coinbase. Subsequently, EigenLayer expanded its offerings to include tokens from Stakewise, Mantle, Frax, Ankr, and Binance.
EigenLayer, a prominent liquid restaking platform, has surged to become the fifth-largest decentralized finance (DeFi) protocol, witnessing a significant influx of over $4 billion following the elimination of the staking cap.
The capital locked in restaking protocols has soared to an astounding $10 billion, a remarkable increase from a mere $350 million recorded in December.
With the recent injection of $4 billion, EigenLayer has solidified its position as the fifth-largest DeFi platform. The decision to abolish the staking cap, announced on February 5th, propelled a surge in inflows, aiming to stimulate organic demand, as highlighted in EigenLayer's blog post. This move triggered a swift and substantial response, with over $1 million worth of ETH pouring into EigenLayer within hours of lifting the staking cap, catapulting its total value locked (TVL) to an impressive $3 billion.
The restaking period concluded on February 10th, witnessing a further $600 million surge in TVL attributed to escalating asset prices.
EigenLayer presently reports a TVL of $6.6 billion, marking a staggering surge of $6.5 billion over the past few months. Notably, data from DeFiLlama reveals that the assets currently locked on the protocol include 469,870 wrapped ether (WETH) tokens valued at $1.9 billion, along with an additional $2.7 billion worth of staked ETH (stETH).
EigenLayer supports various liquid staking tokens, including Lido-staked ETH (stETH) and Rocket Pool ETH (RETH), wherein platforms such as Lido and Rocket Pool stake ETH on behalf of users, issuing liquid staking tokens representing the stake and accruing interest.
Originally launched on the Ethereum mainnet in June 2023, EigenLayer initially supported liquid staking tokens from three projects: Lido, Rocket Pool, and Coinbase. Subsequently, EigenLayer expanded its offerings to include tokens from Stakewise, Mantle, Frax, Ankr, and Binance.
🚀Liquid Restaking - Could become an upcoming new trend?
🚀Liquid Restaking - Could become an upcoming new trend?
As of now, the Total Value Locked (TVL) of Liquid Staking projects is $56 billion USD, while Restaking amounts to $17 billion USD, whereas the TVL of the entire DeFi market is $98 billion USD.
This implies that the Liquid Staking and Restaking sectors together account for 70% of the total TVL of the market, and this figure continues to grow as the Proof of Stake blockchain trend gains prominence.
The most prominent Liquid Restaking projects currently: EigenLayer ( $12B TVL ), #EtherFi. ( $3B TVL ) and #Ethena" $ENA ( 2B TVL ).
#BinanceVietnamSquare #restaking #TrenddingTopic
As of now, the Total Value Locked (TVL) of Liquid Staking projects is $56 billion USD, while Restaking amounts to $17 billion USD, whereas the TVL of the entire DeFi market is $98 billion USD.
This implies that the Liquid Staking and Restaking sectors together account for 70% of the total TVL of the market, and this figure continues to grow as the Proof of Stake blockchain trend gains prominence.
The most prominent Liquid Restaking projects currently: EigenLayer ( $12B TVL ), #EtherFi. ( $3B TVL ) and #Ethena" $ENA ( 2B TVL ).
#BinanceVietnamSquare #restaking #TrenddingTopic
📢 AutoLayer has integrated with Balancer on Arbitrum.
AutoLayer is the premier Liquid Restaking Tokens (LRT) Finance app on Arbitrum. Harness the potential of @eigenlayer by restaking into various LRT/LST options with just one click while conserving and compounding your yields effortlessly.
Balancer is an Ethereum-based Automated Market Maker protocol that functions as a decentralized exchange and a “self-balancing” portfolio management tool. Balancer's AMM provides traders with liquidity for their ERC-20 tokens.
Users can now effortlessly provide liquidity to LRT Pools on Balancer with just one click.
#restaking #bitcoinhalving #LRT #Sponsored #DYOR #NFA
AutoLayer is the premier Liquid Restaking Tokens (LRT) Finance app on Arbitrum. Harness the potential of @eigenlayer by restaking into various LRT/LST options with just one click while conserving and compounding your yields effortlessly.
Balancer is an Ethereum-based Automated Market Maker protocol that functions as a decentralized exchange and a “self-balancing” portfolio management tool. Balancer's AMM provides traders with liquidity for their ERC-20 tokens.
Users can now effortlessly provide liquidity to LRT Pools on Balancer with just one click.
#restaking #bitcoinhalving #LRT #Sponsored #DYOR #NFA