The whole worth of locked funds within the EigenLayer restaking protocol exceeded $15.1 billion.
In line with DefiLlama, the challenge group lifted restrictions on pool limits, which induced a noticeable improve in complete worth locked (TVL). This determine was $11 billion at first of March, rising by $4 billion in lower than two months.
Supply: DeFiLlama
EigenLayer’s TVL nonetheless must be improved to achieve Lido Finance’s liquid staking protocol, which sits at $29.6 billion.
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In April, EigenLayer reached 115,000 distinctive customers, in line with Dune Analytics. In early April, the protocol introduced the launch of the mainnet and launched performance for operators and restakers. Customers now have entry to a number of new options. As well as, this 12 months, the builders promised to launch intra-protocol funds.
Asserting: EigenLayer ♾ EigenDA Mainnet Launch pic.twitter.com/bTp5BfnsKE
— EigenLayer (@eigenlayer) April 9, 2024
EigenLayer founder Sreeram Kannan stated the protocol will increase the utility of Ethereum and supplies financial safety to the asset.
Our purpose is to make @eigenlayer ultimately permissionless on the staking belongings.
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When any asset could be staked, what asset *will* be staked?
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– There’s a frequent false impression that decrease volatility belongings are higher. Is USDC the bottom volatility asset then?… https://t.co/YOrPlgprtB— Sreeram Kannan (@sreeramkannan) April 15, 2024
Kannan, an assistant professor on the College of Washington, developed the protocol in 2021. It’s based mostly on Ethereum and permits clients to withdraw cryptocurrency and prolong crypto safety to new community functions reminiscent of bridges and oracles.
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