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We’re constantly innovating to give our clients access to new technology. Today, we’re thrilled to announce the launch of Ethereum restaking via EigenLayer, a revolutionary new way to secure decentralized applications (dApps) with your staked ETH and earn additional staking rewards. What is Ethereum restaking and how does it work? Earning rewards is no longer […]
The post Restaking via EigenLayer is now available on Kraken! appeared first on Kraken Blog.
The founder of Tezos (XTZ) and his wife are taking the IRS to court once again over the agency’s treatment of their staked XTZ tokens. In a new complaint filed with a Tennessee Federal court, Josh and Jessica Jarrett contend that newly minted tokens from staking should only be treated as taxable if they are […]
The post Tezos Founder Josh Jarrett and Spouse Launch New IRS Lawsuit Over Staked XTZ Tokens appeared first on The Daily Hodl.
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it affects the layer-2 ecosystem. Traders are now questioning whether the current $2,250 support level will hold much longer.
On the positive side, Ethereum remains the dominant platform in terms of both activity and development, although competitors are gaining ground.
Top blockchains ranked by 7-day DApps volumes, USD. Source: DappRadar
Thanks to improvements made to Tezos’ reward issuance mechanism, which were brought on by the Paris Protocol update, you can now earn more on your XTZ when you stake with Kraken. Kraken is introducing Bonded staking for XTZ, which will allow XTZ holders to earn 12-16% APR on their coins. While Kraken has supported flexible […]
The post Staking rewards of 12-16% come to XTZ on Kraken appeared first on Kraken Blog.
Nansen's acquisition of StakeWithUs positions it as a comprehensive platform, enhancing its appeal to both retail and institutional investors.
The post Nansen acquires StakeWithUs, enables direct staking on its platform appeared first on Crypto Briefing.
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.”