Increases in deposits have been observed in protocols like Etherfi, Renzo, Kelp, and Puffer, attributed to the integration with EigenLayer.
Protocols such as Etherfi, Renzo, Kelp, Puffer, and others have seen a dramatic increase in deposits over the past few months. This increase is due to users opting to utilize EigenLayer through these platforms, which allows them to maintain access to their funds.
Liquid restaking allows liquid-staking token holders to stake their tokens on EigenLayer, thereby contributing to its economic security. This is distinct from traditional liquid staking, which involves staking assets through a staking service provider and receiving receipt tokens in return. The total value locked in EigenLayer now exceeds $13 billion, according to The Block's data dashboard. The project's objective is to use these funds to enhance the security of other networks like rollups, oracles, data availability platforms, or similar services.
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