Liquid Restaking Tokens: What Are They and Why Do They Matter?
LRTs repurpose staked ether to support external systems like rollups and oracles with an economic security layer, explains Marcin Kazmierczak, Co-Founder of RedStone & Warp.cc.
LRTs repurpose staked ether to support external systems like rollups and oracles with an economic security layer, explains Marcin Kazmierczak, Co-Founder of RedStone & Warp.cc.
Kelp DAO’s newly announced kelp earned points (KEP) token brings liquidity to EigenLayer Points.
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.
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization.
Mainstream interest in the crypto market remains low as key economic indicators show continued decline in the disposable income of the U.S. households.