Summary
TLDR: Liquid restaking services like Ether.fi funnel user deposits into EigenLayer, offering extra rewards and tradeable tokens. Ether.fi has $3.8 billion locked up with EigenLayer, with assets supporting a pooled security system. Users receive derivative token eETH in return for deposits, earning interest and tradable in DeFi.
Key Points
1. Liquid restaking services utilize EigenLayer to offer extra rewards and tradeable “liquid restaking tokens” to users.
2. Ether.fi has $3.8 billion locked up with EigenLayer, contributing to the pooled security system and granting users derivative token eETH in return for deposits.
3. The eETH token earns interest and is tradable in decentralized finance (DeFi), providing users with additional benefits from their investments.