EigenLayer


Tech

As Restaking Takes Shape on Solana, Ethereum's Renzo Jumps in With 'ezSOL'

Liquid restaking protocol Renzo, known for its work on Ethereum-based projects like EigenLayer and Symbiotic, disclosed Wednesday that it's preparing a new liquid staking token focused on the Solana-focused restaking platform now under development by developer Jito Labs.

Renzo founding contributor Lucas Kozinski (Renzo)

Tech

Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token

Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain "restaking" scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem.

16:9 Swell, liquid (Winkelmann/Pixabay)

Videos

What Do EigenLayer's Outflows of $2.3B Signal?

Total value locked on EigenLayer has dropped by 13% to $15.1 billion in the last 30 days, even though ether is trading at a similar level to June. DefiLlama data also shows that restaking protocols like Renzo and Kelp have respectively lost 42% and 20% of their TVL. Is the slump in total value locked a signal that the restaking sector is sliding? CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Recent Videos

Finance

EigenLayer Outflows of $2.3B Signal Restaking Sector Slide

The yield offered by restaking is dwarfed by the likes of yield-generating platform Ethena.

(Jp Valery/Unsplash)

Tech

Second Ethereum Foundation Researcher Acknowledges Advisory Deal Paid in EIGEN

The news set off a debate on the social-media platform X about whether advising the EigenFoundation might constitute a conflict of interest – given the flagged risks to Ethereum from restaking protocol EigenLayer.

Ethereum Foundation researcher Dankrad Feist, namesake for "proto-danksharding," a major component of Ethereum's upcoming "Dencun" upgrade. (Bradley Keoun)

Tech

The Protocol: Lido Backers vs EigenLayer

In this week's issue, we've got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings.

(andreas kretschmer/Unsplash)

Tech

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The popularity of new blockchain "restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

Internal documents obtained by CoinDesk describe the setup of the new project. (Symbiotic)

Tech

EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It's Non-Transferable

The much-hyped restaking project initiated its long-awaited though highly controversial plan to distribute EIGEN tokens, by opening a window of time where eligible users can claim them. They're not freely tradeable, but speculators in side markets put the fully diluted value around $15 billion.

EigenLayer CEO Sreeram Kannan. (Bradley Keoun)

Tech

EigenLayer's EIGEN Airdrop Might Signal Demise of Once-Popular 'Points'

EIGEN's airdrop comes after a wave of criticism of its distribution plan and points program.

Crypto projects are offering "points" to lure in new users. (Sigmund/Unsplash)

Tech

Thiel-Backed Cryptography Startup Lagrange Raises $13M

Lagrange, which specializes in zero-knowledge cryptography, is the latest startup to ride EigenLayer's "restaking" wave.

Peter Thiel holding cash (Rachel Sun/CoinDesk)

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