Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
"Restaking" is all the rage in Ethereum blockchain circles. It allows users to earn interest by leveraging theirto help secure other blockchain apps. Even developers on other ecosystems, like Solana, are trying to replicate Ethereum's restaking popularity.
"Lombard aims to elevate BTC from a store of value into a productive asset which flows into the Web3 economy and drives sustainable growth," the company said in a statement shared with CoinDesk. in under a year by promising users extra interest on assets they'd already"staked" to help secure Ethereum.. In essence, EigenLayer and other restaking protocols let upstart blockchain apps bootstrap their security, and they offer investors a new way to leverage their crypto holdings.Lombard's dive into restaking will be built on top of Babylon, which lets people use bitcoin to secure other. Paradigm previously led a $70 million funding round into the Bitcoin staking company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin is breaking above the falling wedgeBitcoin (BTC) breaking above the falling wedge pattern on Monday signals a bullish move, with Ethereum (ETH) and Ripple (XRP) poised to follow as they find support at key levels, paving the way for an upside rally in the days ahead.
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin set to retest key levelsBitcoin (BTC) price is consolidating within a descending trendline, with a potential bullish breakout anticipated above $64,600.
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin retraces to crucial supportBitcoin (BTC) price encounters resistance at weekly highs before retracing to seek support at a crucial level, while Ethereum (ETH) and Ripple (XRP) align closely with Bitcoin's movements, gearing up to surpass resistance barriers and embark on upward rallies.
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin technical indicators signal bullish momentumBitcoin (BTC) price action shows a bullish divergence on a momentum indicator, signaling a forthcoming bullish trend.
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin retesting its major resistance levelBitcoin (BTC) and Ripple (XRP) prices are poised for short-to-midterm corrections, while Ethereum (ETH) hints at a potential rally.
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin could see high volatility due to US CPIBitcoin (BTC) price could undergo an initial dip before rallying, with the release of US CPI data today.
Read more »