Stablecoins Becoming Increasingly Viable as Staking Collateral, Research Shows

December 11, 2024 Bitcoin.com

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The research, which focuses on Circle’s USDC stablecoin, is part of a series of posts on restaking by crypto research firm Gauntlet. USDC Provides Unique Benefits as Restaking Collateral Restaking – the practice of staking cryptocurrencies like ether (ETH) on multiple protocols to generate additional yield – can now be accomplished with ERC20 tokens, including […]

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EigenLayer to upgrade restaking rewards

December 7, 2024 Coin Telegraph

arpa network

The upgrades are designed to bring greater flexibility to EigenLayer's restaking ecosystem.

EigenLayer, Ethereum’s largest restaking protocol, is upgrading its rewards program to grant more flexibility to protocols and restakers, according to a Dec. 6 blog post.

The changes let third-party protocols using EigenLayer — dubbed actively validated services (AVSs) — distribute rewards to validators based on performance. They also let validators, or “operators,” set fee rates independently, EigenLayer said.

The upgrades are “designed to bring greater flexibility, efficiency, and customization to rewards within the EigenLayer ecosystem,” the restaking protocol said in a Dec. 6 post on the X platform.

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EigenLayer bolsters restaking with Bitcoin yield, P2P.org payouts

November 4, 2024 Coin Telegraph

ARPA

EigenLayer kicked off programmatic EIGEN token incentives for restakers in October.

EigenLayer, Ethereum’s largest restaking platform, is adding more restaking options, including wrapped Bitcoin (BTC) yield and payouts from node operator P2P.org, according to separate announcements on Nov. 4.

ARPA Network, a protocol built on EigenLayer, will start paying rewards to depositors of uniBTC, a restaked BTC wrapper, the protocol said in a blog post.

“By adding uniBTC as a supported asset, ARPA opens up new liquidity pathways and reward opportunities for BTC holders,” ARPA said.

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Kraken Integrates In-House Ethereum Restaking via Eigenlayer

October 16, 2024 Bitcoin.com

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Kraken has launched a new feature allowing its clients to restake their ether (ETH) directly on the platform through Eigenlayer. This integration, Kraken says, makes the relatively complex process of restaking more accessible to a broader audience, especially those who have already staked ether on Kraken. Kraken Introduces ETH Restaking to Broaden Defi Access Kraken’s […]

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Ethereum validators up 30% in a year, driven by institutional adoption

October 16, 2024 Coin Telegraph

Coin Telegraph

Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.

Ethereum validators recorded significant growth during the past year, highlighting the continued institutional adoption of cryptocurrencies.

The number of Ethereum validators increased by more than 30% during the past year, exceeding one million for the first time in June 2024, up from 824,300 in September 2023, according to a research report from Flipside Crypto shared with Cointelegraph.

The rise in validators is attributed to growing institutional interest, spurred by developments in the restaking and liquid staking sectors, said Carlos Mercado, a data scientist at Flipside Crypto.

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EIGEN Token Enters the Crypto Scene, Sees Early Gains and 12% Price Drop

October 1, 2024 Bitcoin.com

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On Monday, eigenlayer (EIGEN) made its debut on major exchanges, hitting a peak of $4.47 per token. However, by 1:30 p.m. EDT on Oct. 1, the price had dipped 12%, settling at $3.90 per coin. By 2 p.m. it was exchanging hands for $4.30 per unit. EIGEN Token Hits Crypto Market A new contender has […]

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EigenLayer rolls out ‘major update’ to restaking contracts

September 4, 2024 Coin Telegraph

Coin Telegraph

The upgrade aims to enhance rewards for restakers.

Eigen Labs, the developer behind EigenLayer, deployed a “major update” to the restaking protocol aimed at “making native [Ether] restaking on EigenLayer easier and more rewarding,” according to a Sept. 4 blog post.

The upgrade is designed to improve the performance of so-called EigenPods — EigenLayer’s restaking smart contracts for Ether (ETH) staked on Ethereum’s Beacon Chain — by granting users greater flexibility in harvesting or reinvesting staking rewards.

“EigenPod users can now complete a checkpoint to restake their beacon chain ETH rewards on top of their existing EigenPod balance,” Eigen Labs said. “Beacon chain rewards are automatically restaked back into EigenLayer, enabling restakers to earn additional rewards.”

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YieldNest launches new liquid restaking token

August 21, 2024 Coin Telegraph

Coin Telegraph

Stakers with Lido, Frax, Origin and Mantle can “restake” with the DeFi protocol.

Decentralized finance (DeFi) protocol YieldNest is launching a new liquid staking derivative (LSD) called ynLSDe designed to capture restaking yield from EigenLayer, according to an Aug. 21 announcement.

The token “will allow the holders of Ether staked with Lido, FRAX, Origin Protocol, or Mantle to earn additional yield… through restaking,” YieldNest said. Lido, FRAX, Origin, and Mantle are decentralized Ethereum staking platforms, each of which issues its own LSD.

Restaking involves taking Ether (ETH) that has already been staked — posted as collateral with a validator in exchange for rewards — on the Ethereum network and using it to secure other protocols simultaneously. The premise is that in exchange for taking on additional risk, restaking can considerably enhance rewards.

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Eigenlayer Introduces Permissionless Token Support, Expanding Crypto Economic Security Options

August 14, 2024 Bitcoin.com

AVS tokens

Eigen Labs has announced an upcoming update to the Eigenlayer protocol, introducing Permissionless Token Support. This feature aims to broaden the range of ERC20 tokens that can be utilized as restakable assets, enhancing the crypto economic security of decentralized networks. Permissionless Token Support Is Coming to Eigenlayer Eigen Labs revealed it is set to release […]

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Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round

June 14, 2024 Bitcoin.com

Permissionless Restaking Protocol Symbiotic Launches Raising .8 Million in Seed Round

bitcoin.com

Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used to further its decentralized mission. Symbiotic Restaking Protocol Raises $5.8 Million in […]

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