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EigenLayer Outflows of $2.3B Signal Restaking Sector Slide
The yield offered by restaking is dwarfed by the likes of yield-generating platform Ethena.
- Total value locked on EigenLayer has dropped by 13% to $15.1 billion in the past 30 days, even though ether is trading at a similar level to June.
- Outflows can be attributed to the fickle nature of points farming and the limited returns on restaking protocols.
- Ether.fi has bucked the trend, experiencing growth in the period.
Billions of dollars worth of ether ETH
On June 25, ether ETH
Read more: Jito Releases Open-Source Restaking Service for Solana
A portion of the outflows can be attributed to depositors looking to harvest points that will eventually be converted to airdrops subsequently moving on to another project to maximize returns.

For others, the yield is too low when compared with specific yield-generation protocols like Ethena. Renzo offers an annual yield of 3.43%; Ethena offers more than 10%.
Restaking is a strategy that investors use to secure an additional yield on ETH that is already staked on the main Ethereum blockchain. Protocols like Ethena generate a yield by harvesting funding rates, which can be more volatile.
One restaking project that has managed to buck the trend is ether.fi, which has seen a $100 million increase in TVL.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
