🔥Hot off the press! Coinbase Research reveals restaking is now the 2nd largest sector in #DeFi on #Ethereum. 🚀

💡Key Points:

- EigenLayer's restaking protocol is a game-changer, offering tasty ETH rewards for validators.

- Ethereum's PoS consensus mechanism, the largest economic security fund in crypto, is now worth a whopping $112 billion. 💰

- Liquid staked tokens (LSTs) are making waves, allowing participants to trade or leverage their staked assets.

EigenLayer's protocol, launched in June 2023, has quickly become the ecosystem's second-largest DeFi protocol by total value locked (TVL), currently at $12.4 billion. 📈

What's next? EigenLayer is gearing up to launch its first actively validated service (AVS), EigenDA, in early Q2 24. This could be a game-changer for layer-2 transactions, reducing fees and boosting efficiency.

👀 Watch out for potential risks and complexities though - each AVS sets its own slashing and claims conditions, and the introduction of Liquid Restaking Tokens (LRTs) could bring hidden risks.

What do you think about this development? Share your thoughts below! 👇 #Web3 #Layer2 #DAO