Ethereum

<ul><li>Etherfi leads LRT market with $3.8B TVL, offering liquidity and staking rewards to users.</li><li>EigenLayer protocol empowers Etherfi and other LRT platforms, driving the market growth.</li><li>Rising TVL for Renzo, Swell Liquid Staking, Eigenpie, and Bedrock showcases LRT&#39;s expanding interest.</li></ul>Etherfi has solidified its position as the leading protocol in the burgeoning liquid restaking (LRT) market. Data from DeFiLlama <a href="https://defillama.com/protocols/Liquid%20Restaking" rel="noopener noreferrer nofollow">shows</a> that the protocol currently boasts a TVL (Total Value Locked) of $3.8 billion signifying the substantial amount of user deposits entrusted to the platform.Liquid restaking offers users a compelling alternative to traditional staking methods. While traditional staking <a href="https://ethereum.org/en/staking/" rel="noopener noreferrer nofollow">requires</a> locking away 32 ETH, LRT protocols like Etherfi allow users to participate in staking rewards with a smaller initial investment. Additionally, users retain liquidity for their ETH holdings through derivative tokens issued by the protocols. This fosters participation in the Ethereum network&#39;s security framework while maintaining access to user capital.Etherfi leverages the EigenLayer protocol to facilitate access to restaking yields. EigenLayer plays a crucial role in the LRT ecosystem by empowering third-party protocols like Etherfi. The combined impact of growing deposits on both platforms underscores the burgeoning LRT market.<a href="https://cryptotale.org/etherfi-leads-liquid-staking-charge-with-3-8-billion-tvl/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Etherfi Leads Liquid Staking Charge with $3.8 Billion TVL

CryptoTale

Другие статьи, опубликованные 10 апр. 2024 г.

After Higher Than Expected Inflation Data, US President Joe Biden Talks About The Time For A Rate...

Hong Kong All Set to Approve Spot Bitcoin ETFs in April: Report

Volt Inu Price Is Plunging Fast & Could It Turn The Trend Around?

Predictions for Bitcoin Price from Deutsche Bank (DB) Analysts: Surprising Figures Said for the E...

Four Altcoins Climb as Bitcoin Slides: Notable Gains in Crypto Market

Is Bitcoin’s on-chain bull run momentum over? Indicator flashes red

Join our free newsletter for daily crypto updates!