Summary
The liquid re-staking protocol EigenLayer has temporarily lifted its staking cap, resulting in a $750 million increase in assets under custody within a few hours. The total value locked (TVL) now exceeds $3 billion. Lido’s stETH token accounted for approximately 80% of new deposits to EigenLayer. EigenLayer plans to permanently remove the deposit limit in the future and has announced the launch of a mainnet for operators. Interest in EigenLayer has grown, but some developers have raised concerns about its impact on the Ethereum blockchain.
Key Points
– Liquid re-staking protocol EigenLayer has temporarily lifted its per-protocol staking cap, resulting in a $750 million increase in assets under custody within a few hours.
– More than 1 million ETH inflows occurred within two hours of the cap being lifted, and cumulative assets under custody exceeded $3 billion.
– Lido’s stETH was the top inflow with $560 million, accounting for approximately 80% of new deposits to Eigenlayer.