Summary
EigenLayer’s liquid restaking protocols like Ether.fi and Puffer simplify restaking for users by offering tradeable receipts called “liquid restaking tokens” (LRTs) with extra rewards in the form of “points.” These protocols have become some of the most-used assets in decentralized finance (DeFi), with Ether.fi having over $1.4 billion in total value locked (TVL) and Puffer reaching over $1 billion in deposits in just over three weeks.
Key Points
1. EigenLayer has benefited from new “liquid restaking” protocols like Ether.fi and Puffer, which aim to simplify restaking for users and offer extra rewards in the form of “points.”
2. Liquid restaking platforms park assets with EigenLayer and hand their users tradeable receipts called “liquid restaking tokens” (LRTs), which are quickly becoming some of the most-used assets in decentralized finance (DeFi).
3. Ether.fi, the largest liquid restaking protocol, launched last year and boasts over $1.4 billion in TVL as of Thursday. Puffer, which launched just over three weeks ago, also crossed $1 billion in deposits earlier this week.