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“EigenLayer’s staking protocol is poised to turn into the bedrock for a variety of latest providers and middleware on Ethereum, which, in flip, might generate a significant supply of ether (ETH) rewards for validators sooner or later,” analysts David Han and David Duong wrote, noting that it’s now the second largest DeFi protocol with $12.4 billion in whole worth locked.
EigenLayer permits validators to earn additional rewards by securing actively validated providers (AVS) by restaking their staked ether and “builds upon the inspiration of the prevailing staking ecosystem by collateralizing a various pool of underlying liquid staked tokens (LSTs) or native staked ETH,” the report stated.
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