Omni Network Signs $600M Restaking Deal With Ether.Fi to Enhance Security
Both Omni and Ether.Fi have committed to EigenLayer’s pooled security model.
Both Omni and Ether.Fi have committed to EigenLayer’s pooled security model.
Liquid staking protocols based on EigenLayer are offering “point” incentives attached to the vague prospect of future airdrops, but the trend carries risks.
Kelp DAO’s newly announced kelp earned points (KEP) token brings liquidity to EigenLayer Points.
New liquid restaking platforms like Puffer and Ether.Fi have attracted billions of dollars in deposits, but they’ve birthed a speculative “points” frenzy that carries some risks.
Capital locked on restaking protocols is now at $10 billion, in December it was just $350 million.
The temporary lift comes as restaking on Ethereum is booming despite warnings from developers that it might strain the network.
In an exclusive interview, Sreeram Kannan, the founder of EigenLayer and a pioneer behind restaking, discusses his project’s goals as a new landscape for restaking emerges.