Restaking ETH šŸ“ˆ 27% APY | #Trend

Restaking project #EigenLayer reached $7bln TVL in a year šŸ˜² and 6th place in TVL volume among #DeFi categories according to Defilama.

#Restaking is a method of increasing šŸ“ˆ your staking profits by re-staking the value of your ETH tokens on different protocols and networks. This way you get income from 2 platforms at once šŸ‘

ā— Liquid restaking differs from regular restaking in that when staking you get LRT that you can use in other DeFi protocols of #Ethereum and other networks and generate revenue šŸ’° from 3 or more platforms.

Example usage šŸ‘‡

1ļøāƒ£ Stake $ETH in Lido (3.6%)

2ļøāƒ£ Restake $stETH in Kelp (3%)

3ļøāƒ£ Add liquidity $rsETH in Pendle (21%)

šŸ‘‰ Total APY 27.6% šŸ¤‘

šŸ’” Most protocols launched recently, so in addition to restaking revenue, users can get airdrop šŸ˜