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Notably, Vitalik Buterin, the influential co-founder of the Ethereum blockchain, is one of three members of the executive board of the Ethereum Foundation, according to its website. The organization is described as a “non-profit that supports the Ethereum ecosystem,” and part of a “larger community of organizations and individuals that fund protocol development, grow the […]
Liquid restaking involves staking ether, which helps secure Ethereum, in return for a yield and often also loyalty points that can eventually be converted into a token airdrop. In return for the staked ether, restaking protocols like Ether.Fi distribute a liquid restaking token, in this case eETH, which is pegged to ether’s price. The token […]
Liquid restaking protocol ether.fi has raised $23 million in a Series A round led by Bullish Capital and CoinFund. Source link
EigenLayer has also benefited from new “liquid restaking” protocols built on top of it, like Ether.fi and Puffer, which aim to simplify restaking for users and offer extra rewards in the form of “points.” Liquid restaking platforms park assets with EigenLayer and hand their users tradeable receipts called “liquid restaking tokens” (LRTs), which are quickly […]
In this week’s issue of our weekly blockchain tech newsletter, Sam Kessler explores how “liquid restaking tokens” or LRTs are remaking decentralized finance. PLUS: Starknet’s STRK airdrop, Stellar’s smart-contract facelift and bitcoin’s supply crunch. Source link
Liquid restaking protocols are seeing ample demand from users as speculation mounts over potential applications for the Ethereum restaking juggernaut EigenLayer, and the prospects for rewards paid out to early users. Source link
Restaking has played a major part in the rise; capital on liquid restaking platform ether.fi has increased by 406% to $1.19 billion in the past 30-days, while Puffer Finance has experienced a 79% hike in the past week alone. TVL across liquid restaking protocols including EigenLayer is now at $10 billion, in December it was […]
Liquid restaking token finance (LRTFi) is a new DeFi field that allows for the liquidity of staked assets through the issuance of liquid restaking tokens (LRTs), enabling users to earn rewards while their original assets are locked up for securing network services. Source link