restaking
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📢 Eigenlayer, the restaking protocol amassing $15.7 billion in deposits, unveiled its token whitepaper, confirming plans for an EIGEN token.
📄 The Eigen Foundation, supporting the protocol, detailed a total supply of about 1.67 billion EIGEN tokens, with 45% allocated to the EigenLayer community.
🌐 This 45% is split into three subgroups: stakedrops, future community initiatives, and ecosystem development, each receiving 15%.
🎉 In the inaugural "stakedrop" season, Eigen Foundation will distribute 5% of the token supply to users based on their staking activities from March 15. Claiming for these EIGEN tokens opens on May 10 and closes after 120 days.
💼 Investors will receive 29.5% of the token supply, while 25.5% goes to early contributors, both with a three-year lock period.
⏰ Users can secure EigenDA, Eigenlayer’s Actively Validated Service (AVS) for data availability, with their EIGEN tokens at launch. Other AVSs are expected to follow.
🔄 EigenLayer represents a new trend called "restaking," where users’ ETH tokens deposited as security on Ethereum can be repurposed to secure additional networks or protocols, collectively known as AVS networks on EigenLayer.
#EigenLayer #eigen #restaking #tokens
📄 The Eigen Foundation, supporting the protocol, detailed a total supply of about 1.67 billion EIGEN tokens, with 45% allocated to the EigenLayer community.
🌐 This 45% is split into three subgroups: stakedrops, future community initiatives, and ecosystem development, each receiving 15%.
🎉 In the inaugural "stakedrop" season, Eigen Foundation will distribute 5% of the token supply to users based on their staking activities from March 15. Claiming for these EIGEN tokens opens on May 10 and closes after 120 days.
💼 Investors will receive 29.5% of the token supply, while 25.5% goes to early contributors, both with a three-year lock period.
⏰ Users can secure EigenDA, Eigenlayer’s Actively Validated Service (AVS) for data availability, with their EIGEN tokens at launch. Other AVSs are expected to follow.
🔄 EigenLayer represents a new trend called "restaking," where users’ ETH tokens deposited as security on Ethereum can be repurposed to secure additional networks or protocols, collectively known as AVS networks on EigenLayer.
#EigenLayer #eigen #restaking #tokens
LIVE
分析师舒琴
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The giant whale takes action! ALT takes off!
A certain smart money has been selling Sushi and other tokens to increase its ALT position in the past few days, adding hundreds of thousands of ALT each time.
In fact, not only this one, but several others are adding positions. Benqin told everyone about this more than a week ago, and also told everyone on the program.
Now he has broken through the previous high and started to take off!
When will you get it? Whenever the smart money in Ethereum runs, then I will run away. Pay more attention to the smart money on the chain, and there will be big meat to eat! 🐰
If you are already profitable, you can stop some profits, allocate some funds, and make tomorrow's PIXEL and another potential currency.
A certain smart money has been selling Sushi and other tokens to increase its ALT position in the past few days, adding hundreds of thousands of ALT each time.
In fact, not only this one, but several others are adding positions. Benqin told everyone about this more than a week ago, and also told everyone on the program.
Now he has broken through the previous high and started to take off!
When will you get it? Whenever the smart money in Ethereum runs, then I will run away. Pay more attention to the smart money on the chain, and there will be big meat to eat! 🐰
If you are already profitable, you can stop some profits, allocate some funds, and make tomorrow's PIXEL and another potential currency.
Connext and Renzo Collaborate to Enable ETH Restaking on BNB Chain
Layer2 interoperability protocol Connext tweeted that it will cooperate with Renzo to realize the ETH re-staking function on BNB Chain. $BNB $ETH #restaking
Layer2 interoperability protocol Connext tweeted that it will cooperate with Renzo to realize the ETH re-staking function on BNB Chain. $BNB $ETH #restaking
🚀 Discover the Power of Restaking Ethereum for Enhanced Rewards! 🌟
Are you ready to supercharge your Ethereum holdings and maximize your rewards? Dive into the exciting world of restaking Ethereum and unlock a whole new realm of potential! 🌈💰
🔍 What is Restaking?
Restaking is a revolutionary concept in the world of cryptocurrency, allowing you to use your Ethereum holdings in the consensus layer more efficiently. By activating idle staked tokens, restaking enables you to earn higher staking rewards while strengthening the security of the Ethereum network. It's like putting your assets to work for you, earning rewards in the process! 💼💸
🔄 Types of Restaking:
There are two main types of restaking: native and liquid. Native restaking is for users who run Ethereum validator nodes, while liquid restaking involves using liquid staking tokens (LST). Liquid restaking, exemplified by platforms like EigenLayer, opens up exciting opportunities for smaller investors to earn rewards and participate in the DeFi ecosystem. 🌐🔒
💡 How does it Work?
Restaking on platforms like EigenLayer is incredibly simple and straightforward. Just connect your wallet, select your preferred LST, and engage with the restaking mechanism through smart contracts. It's a seamless process that allows you to maximize your rewards with ease! 🚀🔑
🌟 Benefits of Restaking:
- Boost your Ethereum rewards and earn passive income.
- Contribute to the security of the Ethereum network.
- Participate in the exciting world of DeFi with liquid staking tokens.
- Empower smaller investors to participate in staking and earn rewards. 🛡️💡
🚀 Join the Restaking Revolution Today!
Are you ready to take your Ethereum holdings to the next level? Don't miss out on the opportunity to maximize your rewards and contribute to the security of the Ethereum network. Start restaking today and unlock the full potential of your Ethereum investments! 💪💰
#EthereumFuture #restaking #MaximizeRewards $ETH $USDC
Are you ready to supercharge your Ethereum holdings and maximize your rewards? Dive into the exciting world of restaking Ethereum and unlock a whole new realm of potential! 🌈💰
🔍 What is Restaking?
Restaking is a revolutionary concept in the world of cryptocurrency, allowing you to use your Ethereum holdings in the consensus layer more efficiently. By activating idle staked tokens, restaking enables you to earn higher staking rewards while strengthening the security of the Ethereum network. It's like putting your assets to work for you, earning rewards in the process! 💼💸
🔄 Types of Restaking:
There are two main types of restaking: native and liquid. Native restaking is for users who run Ethereum validator nodes, while liquid restaking involves using liquid staking tokens (LST). Liquid restaking, exemplified by platforms like EigenLayer, opens up exciting opportunities for smaller investors to earn rewards and participate in the DeFi ecosystem. 🌐🔒
💡 How does it Work?
Restaking on platforms like EigenLayer is incredibly simple and straightforward. Just connect your wallet, select your preferred LST, and engage with the restaking mechanism through smart contracts. It's a seamless process that allows you to maximize your rewards with ease! 🚀🔑
🌟 Benefits of Restaking:
- Boost your Ethereum rewards and earn passive income.
- Contribute to the security of the Ethereum network.
- Participate in the exciting world of DeFi with liquid staking tokens.
- Empower smaller investors to participate in staking and earn rewards. 🛡️💡
🚀 Join the Restaking Revolution Today!
Are you ready to take your Ethereum holdings to the next level? Don't miss out on the opportunity to maximize your rewards and contribute to the security of the Ethereum network. Start restaking today and unlock the full potential of your Ethereum investments! 💪💰
#EthereumFuture #restaking #MaximizeRewards $ETH $USDC
#AEVO Is One Of The Tokens That The Community Quite Forgets,
One of the tokens located in the Layer 1/layer 2 tag of #binance,
On the other hand, $AEVO is a token with bloodlines whose ancestors were able to reach $20M cap last season,
(This season, that cap could be $50M or even more crazy, $100M):
-> AEVO is the token of DEX
-> an Ethereum roll-up based on the OP Stack.
-> There is #restaking (very strong trend)
THAT'S THE REASON FOR NOT PLAYING
Now, $AEVO cap $376M
#Write2Earn
One of the tokens located in the Layer 1/layer 2 tag of #binance,
On the other hand, $AEVO is a token with bloodlines whose ancestors were able to reach $20M cap last season,
(This season, that cap could be $50M or even more crazy, $100M):
-> AEVO is the token of DEX
-> an Ethereum roll-up based on the OP Stack.
-> There is #restaking (very strong trend)
THAT'S THE REASON FOR NOT PLAYING
Now, $AEVO cap $376M
#Write2Earn
Ethereum Solo Staking: Your Full Guide (incl. restaking)
TLDR:
Solo staking is low risk - high reward compared to other optionsRequires 32ETH to run a validator nodeRewards include airdrops and restakingNo need to run a full Ethereum nodeYou don't need to be a rocket scientist to solo stakeLiquid staking is the best option if you don't have 32ETH
Ethereum staking has emerged as one of the most stable and risk-free ways to earn rewards on their holdings. Post the Merge solo staking and staking in general, has gained even more traction, offering participants a way to support network security and earn yield in return.
However, the dilemma of solo staking versus utilizing staking-as-a-service providers poses a significant decision for many. Do you go for less technical third-party provisioned service or spin up your own node? This article aims to shed light on the intricacies of solo staking Ethereum, highlighting its benefits compared to staking through service providers.
Ethereum Staking Introduction
At its core, Ethereum staking involves committing your ETH to the network as a form of security deposit to become a validator. Validators are responsible for processing transactions, creating new blocks, and maintaining the network's integrity.
Solo staking Ethereum requires setting up and running your own validator node. This process involves locking up a minimum of 32 ETH in a smart contract, which then allows you to participate in the network's validation process.
The allure of solo staking Ethereum lies in its potential for higher rewards, because you earn consensus and execution layer rewards as well as MEV rewards, and greater control over the staking process because you have full control of your node.
Solo Staking vs. Staking-as-a-Service: Weighing the Benefits
The decision between solo staking and leveraging staking-as-a-service providers hinges on several factors, including technical expertise, risk tolerance, and reward expectations. Staking-as-a-service platforms offer a hands-off approach to staking, handling the complexities of validator management in exchange for a portion of your staking rewards. While appealing for those less technically inclined, this convenience comes at a cost.
Solo staking, on the other hand, presents a more hands-on but rewarding approach. At the same time, companies like Launchnodes offer a quick and easy way to start solo staking without having to go through technical hurdles. More on this later. The benefits of solo staking Ethereum include:
Full Reward Potential: Solo stakers enjoy the entirety of their staking rewards, unshared with service providers. This direct participation in the network not only maximizes potential returns but also strengthens the network by diversifying validator ownership. Being an integral part of the ecosystem also means that you get additional rewards in the form of airdrops from Layer 2 chains. Starknet is the most recent one, where solo stakers received on average $5000 per node. Increased Security and Control: Running your own node offers more control over your stake, reducing reliance on third-party services and mitigating the risk of centralized points of failure. This autonomy ensures that your stake is not affected by the operational risks of staking platforms.Contribution to Decentralization: By solo staking, validators contribute to the Ethereum network's decentralization, an essential factor for its security and resilience against attacks.
Embracing Solo Staking
As mentioned above, solo staking doesn’t have to be technical. You don’t even have to run an Ethereum full node to solo stake. Take Launchnodes as an example. The company offers its clients to run a validator node only, which connects to a beacon and execution layer node managed by the company. Setting up a validator node is done by following the set up instructions, or on a call with the firm’s engineering team. Once set up, you get to enjoy all benefits of solo staking - having full control of your infrastructure (public cloud) and the node, your keys and mnemonics, and your ETH.
Rewards you get as a solo staker include:
Execution rewardsConsensus rewardsMEVAirdrops (i.e. Starknet)Restaking (i.e. EigenLayer)
Charting Your Ethereum Staking Course
Solo staking Ethereum offers a rewarding pathway for those willing to navigate the set up process. Beyond the allure of full rewards and increased control, it represents a deeper engagement with the blockchain ecosystem. As the realm of Ethereum staking continues to mature, the choice between solo staking and staking-as-a-service will remain a pivotal one for participants. Armed with the right knowledge and resources, solo stakers can significantly contribute to the network's strength and enjoy the financial rewards of their dedication.
#staking #ethereum #airdrops #restaking #solostaking
Solo staking is low risk - high reward compared to other optionsRequires 32ETH to run a validator nodeRewards include airdrops and restakingNo need to run a full Ethereum nodeYou don't need to be a rocket scientist to solo stakeLiquid staking is the best option if you don't have 32ETH
Ethereum staking has emerged as one of the most stable and risk-free ways to earn rewards on their holdings. Post the Merge solo staking and staking in general, has gained even more traction, offering participants a way to support network security and earn yield in return.
However, the dilemma of solo staking versus utilizing staking-as-a-service providers poses a significant decision for many. Do you go for less technical third-party provisioned service or spin up your own node? This article aims to shed light on the intricacies of solo staking Ethereum, highlighting its benefits compared to staking through service providers.
Ethereum Staking Introduction
At its core, Ethereum staking involves committing your ETH to the network as a form of security deposit to become a validator. Validators are responsible for processing transactions, creating new blocks, and maintaining the network's integrity.
Solo staking Ethereum requires setting up and running your own validator node. This process involves locking up a minimum of 32 ETH in a smart contract, which then allows you to participate in the network's validation process.
The allure of solo staking Ethereum lies in its potential for higher rewards, because you earn consensus and execution layer rewards as well as MEV rewards, and greater control over the staking process because you have full control of your node.
Solo Staking vs. Staking-as-a-Service: Weighing the Benefits
The decision between solo staking and leveraging staking-as-a-service providers hinges on several factors, including technical expertise, risk tolerance, and reward expectations. Staking-as-a-service platforms offer a hands-off approach to staking, handling the complexities of validator management in exchange for a portion of your staking rewards. While appealing for those less technically inclined, this convenience comes at a cost.
Solo staking, on the other hand, presents a more hands-on but rewarding approach. At the same time, companies like Launchnodes offer a quick and easy way to start solo staking without having to go through technical hurdles. More on this later. The benefits of solo staking Ethereum include:
Full Reward Potential: Solo stakers enjoy the entirety of their staking rewards, unshared with service providers. This direct participation in the network not only maximizes potential returns but also strengthens the network by diversifying validator ownership. Being an integral part of the ecosystem also means that you get additional rewards in the form of airdrops from Layer 2 chains. Starknet is the most recent one, where solo stakers received on average $5000 per node. Increased Security and Control: Running your own node offers more control over your stake, reducing reliance on third-party services and mitigating the risk of centralized points of failure. This autonomy ensures that your stake is not affected by the operational risks of staking platforms.Contribution to Decentralization: By solo staking, validators contribute to the Ethereum network's decentralization, an essential factor for its security and resilience against attacks.
Embracing Solo Staking
As mentioned above, solo staking doesn’t have to be technical. You don’t even have to run an Ethereum full node to solo stake. Take Launchnodes as an example. The company offers its clients to run a validator node only, which connects to a beacon and execution layer node managed by the company. Setting up a validator node is done by following the set up instructions, or on a call with the firm’s engineering team. Once set up, you get to enjoy all benefits of solo staking - having full control of your infrastructure (public cloud) and the node, your keys and mnemonics, and your ETH.
Rewards you get as a solo staker include:
Execution rewardsConsensus rewardsMEVAirdrops (i.e. Starknet)Restaking (i.e. EigenLayer)
Charting Your Ethereum Staking Course
Solo staking Ethereum offers a rewarding pathway for those willing to navigate the set up process. Beyond the allure of full rewards and increased control, it represents a deeper engagement with the blockchain ecosystem. As the realm of Ethereum staking continues to mature, the choice between solo staking and staking-as-a-service will remain a pivotal one for participants. Armed with the right knowledge and resources, solo stakers can significantly contribute to the network's strength and enjoy the financial rewards of their dedication.
#staking #ethereum #airdrops #restaking #solostaking
$ETH LST restaking using hedging? try this out!
Step 1: Buy $ETH from Binance. Eg Buy 2 ETH
Step 2: Put $USDT in ETH/USDT pair. Short 2 ETH at the same time.
Step 3: Withdraw 2 ETH to your binance web3 wallet.
Step 4: Go to Swell protocol. https://app.swellnetwork.io/restake?ref=0x7c5e7eb34b0c379d0052bed95c3c0162ed65c9e8
Step 5: Sign message. Click Restake on the top menu. Approve and Restake 2 ETH to receive rswETH.
Step 6: Go to Zircuit.com.
https://stake.zircuit.com/?ref=eahijw
Step 7: Click Stake on left menu. Approve and stake rswETH to receive
Staking APR + Restaking APR + Eigenlayer Points + LRT points + Zircuit Points
all at the same time.
#Write2Earn #Swell #Zircuit #restaking #Hedging
Step 1: Buy $ETH from Binance. Eg Buy 2 ETH
Step 2: Put $USDT in ETH/USDT pair. Short 2 ETH at the same time.
Step 3: Withdraw 2 ETH to your binance web3 wallet.
Step 4: Go to Swell protocol. https://app.swellnetwork.io/restake?ref=0x7c5e7eb34b0c379d0052bed95c3c0162ed65c9e8
Step 5: Sign message. Click Restake on the top menu. Approve and Restake 2 ETH to receive rswETH.
Step 6: Go to Zircuit.com.
https://stake.zircuit.com/?ref=eahijw
Step 7: Click Stake on left menu. Approve and stake rswETH to receive
Staking APR + Restaking APR + Eigenlayer Points + LRT points + Zircuit Points
all at the same time.
#Write2Earn #Swell #Zircuit #restaking #Hedging
Will $ETHFI Spectacular Breakout Lead To An Explosive #restaking Trend?
In just 24 short hours, the trading price of #ETHFI has recorded an impressive growth of over 26%, leading the restaking category and showing no signs of slowing down.
Will this strong breakthrough bring positive effects to the entire restaking industry? Or is it signaling a potential surge for restaking in the future?
#Ethereum✅ #HotTrends
$SUI $PDA
In just 24 short hours, the trading price of #ETHFI has recorded an impressive growth of over 26%, leading the restaking category and showing no signs of slowing down.
Will this strong breakthrough bring positive effects to the entire restaking industry? Or is it signaling a potential surge for restaking in the future?
#Ethereum✅ #HotTrends
$SUI $PDA
🚀Liquid Restaking - Could become an upcoming new trend?
🚀Liquid Restaking - Could become an upcoming new trend?
As of now, the Total Value Locked (TVL) of Liquid Staking projects is $56 billion USD, while Restaking amounts to $17 billion USD, whereas the TVL of the entire DeFi market is $98 billion USD.
This implies that the Liquid Staking and Restaking sectors together account for 70% of the total TVL of the market, and this figure continues to grow as the Proof of Stake blockchain trend gains prominence.
The most prominent Liquid Restaking projects currently: EigenLayer ( $12B TVL ), #EtherFi. ( $3B TVL ) and #Ethena" $ENA ( 2B TVL ).
#BinanceVietnamSquare #restaking #TrenddingTopic
As of now, the Total Value Locked (TVL) of Liquid Staking projects is $56 billion USD, while Restaking amounts to $17 billion USD, whereas the TVL of the entire DeFi market is $98 billion USD.
This implies that the Liquid Staking and Restaking sectors together account for 70% of the total TVL of the market, and this figure continues to grow as the Proof of Stake blockchain trend gains prominence.
The most prominent Liquid Restaking projects currently: EigenLayer ( $12B TVL ), #EtherFi. ( $3B TVL ) and #Ethena" $ENA ( 2B TVL ).
#BinanceVietnamSquare #restaking #TrenddingTopic
$ETHFI will be open for trading in 1 hr 52 mins on #Binance
#BNB $BNB #restaking #stakingbnb #Ethereum $ETH
#BNB $BNB #restaking #stakingbnb #Ethereum $ETH
🐡 @Puffer Finance breaks the $1B market in TVL, registering $1.219B as of March 1.
The #restaking protocol was only launched one month ago and has already registered massive inflows 🚀
One factor contributing to increased adoption is #Puffer Finance's anti-slashing tool.
➜ This feature is designed to help validators minimize the risk of slashing while optimizing capital efficiency 👀
#pufferfinance #cryptonews
The #restaking protocol was only launched one month ago and has already registered massive inflows 🚀
One factor contributing to increased adoption is #Puffer Finance's anti-slashing tool.
➜ This feature is designed to help validators minimize the risk of slashing while optimizing capital efficiency 👀
#pufferfinance #cryptonews
See original
We reported how powerful a job this is. #restaking may shine like a trend in the coming days. $ETHFI will be the flag bearer of this. We are early birds and will continue to be so. Stay tuned. #DYOR🟢 #eigenlayer
LIVEBlokZincirDünya
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$ethfi #etherfi It has become the most popular launchpool of recent years. Because everyone realizes how big this could be. TVL on its platform has surpassed $3 billion. 786k $ETH staked as #eeth . We follow with interest. $BNB
#DuneAnalytics
#ETH solo stakers listed by Dune as the #restaking conversation takes centre stage. #DanielWang and #VitalikButerin among known solo stakers.
#ETH solo stakers listed by Dune as the #restaking conversation takes centre stage. #DanielWang and #VitalikButerin among known solo stakers.
#Write2Earn #EigenLayer Surges as Fifth Largest #DeFi Protocol with $4 Billion Influx #ethereumRestaking #restaking $ETH
EigenLayer, a prominent liquid restaking platform, has surged to become the fifth-largest decentralized finance (DeFi) protocol, witnessing a significant influx of over $4 billion following the elimination of the staking cap.
The capital locked in restaking protocols has soared to an astounding $10 billion, a remarkable increase from a mere $350 million recorded in December.
With the recent injection of $4 billion, EigenLayer has solidified its position as the fifth-largest DeFi platform. The decision to abolish the staking cap, announced on February 5th, propelled a surge in inflows, aiming to stimulate organic demand, as highlighted in EigenLayer's blog post. This move triggered a swift and substantial response, with over $1 million worth of ETH pouring into EigenLayer within hours of lifting the staking cap, catapulting its total value locked (TVL) to an impressive $3 billion.
The restaking period concluded on February 10th, witnessing a further $600 million surge in TVL attributed to escalating asset prices.
EigenLayer presently reports a TVL of $6.6 billion, marking a staggering surge of $6.5 billion over the past few months. Notably, data from DeFiLlama reveals that the assets currently locked on the protocol include 469,870 wrapped ether (WETH) tokens valued at $1.9 billion, along with an additional $2.7 billion worth of staked ETH (stETH).
EigenLayer supports various liquid staking tokens, including Lido-staked ETH (stETH) and Rocket Pool ETH (RETH), wherein platforms such as Lido and Rocket Pool stake ETH on behalf of users, issuing liquid staking tokens representing the stake and accruing interest.
Originally launched on the Ethereum mainnet in June 2023, EigenLayer initially supported liquid staking tokens from three projects: Lido, Rocket Pool, and Coinbase. Subsequently, EigenLayer expanded its offerings to include tokens from Stakewise, Mantle, Frax, Ankr, and Binance.
EigenLayer, a prominent liquid restaking platform, has surged to become the fifth-largest decentralized finance (DeFi) protocol, witnessing a significant influx of over $4 billion following the elimination of the staking cap.
The capital locked in restaking protocols has soared to an astounding $10 billion, a remarkable increase from a mere $350 million recorded in December.
With the recent injection of $4 billion, EigenLayer has solidified its position as the fifth-largest DeFi platform. The decision to abolish the staking cap, announced on February 5th, propelled a surge in inflows, aiming to stimulate organic demand, as highlighted in EigenLayer's blog post. This move triggered a swift and substantial response, with over $1 million worth of ETH pouring into EigenLayer within hours of lifting the staking cap, catapulting its total value locked (TVL) to an impressive $3 billion.
The restaking period concluded on February 10th, witnessing a further $600 million surge in TVL attributed to escalating asset prices.
EigenLayer presently reports a TVL of $6.6 billion, marking a staggering surge of $6.5 billion over the past few months. Notably, data from DeFiLlama reveals that the assets currently locked on the protocol include 469,870 wrapped ether (WETH) tokens valued at $1.9 billion, along with an additional $2.7 billion worth of staked ETH (stETH).
EigenLayer supports various liquid staking tokens, including Lido-staked ETH (stETH) and Rocket Pool ETH (RETH), wherein platforms such as Lido and Rocket Pool stake ETH on behalf of users, issuing liquid staking tokens representing the stake and accruing interest.
Originally launched on the Ethereum mainnet in June 2023, EigenLayer initially supported liquid staking tokens from three projects: Lido, Rocket Pool, and Coinbase. Subsequently, EigenLayer expanded its offerings to include tokens from Stakewise, Mantle, Frax, Ankr, and Binance.
🔥#BinanceLabs invests in restaking protocol #bouncebit
Bouncebit is a restaking platform on the Bitcoin network that supports the conversion of $BTC into more flexible forms such as BTCB/WBTC, enabling BTC holders to participate in CeFi & DeFi to earn additional profits.
The project previously revealed a native token BB Coin (BB) but has not announced a specific launch date for this token.
In addition to Binance Labs, the project previously raised $6 million in two rounds from names such as OKX Ventures, NGC Ventures, Blockchain Capital,...
It can be affirmed that Binance Labs is betting big on the #restaking sector with a portfolio of projects including Babylon, Renzo and #pufferfinance Finance, $ETHFI and most recently BounceBit.
Bouncebit is a restaking platform on the Bitcoin network that supports the conversion of $BTC into more flexible forms such as BTCB/WBTC, enabling BTC holders to participate in CeFi & DeFi to earn additional profits.
The project previously revealed a native token BB Coin (BB) but has not announced a specific launch date for this token.
In addition to Binance Labs, the project previously raised $6 million in two rounds from names such as OKX Ventures, NGC Ventures, Blockchain Capital,...
It can be affirmed that Binance Labs is betting big on the #restaking sector with a portfolio of projects including Babylon, Renzo and #pufferfinance Finance, $ETHFI and most recently BounceBit.
It's a Bitcoin restaking protocol...it's Bouncebit! It's not too late to stake and earn points=tokens!
Do it ASAP(as fast as possible)
- LHNJ1
- BU0XJ
- BFMXP
- GGIA7
- 2R7PV
These are all the codes I have... 🥺
#airdropking #restaking #bitcoinrestakingprotocols #bouncebit
$BTC
Do it ASAP(as fast as possible)
- LHNJ1
- BU0XJ
- BFMXP
- GGIA7
- 2R7PV
These are all the codes I have... 🥺
#airdropking #restaking #bitcoinrestakingprotocols #bouncebit
$BTC
Make use of $ETH at Renzo protocol and Mode Network
1. Buy ETH from Binance. Preferably 1ETH.
P.S: For Hedging ETH, please read my article: LST restaking with hedge
2. Send ETH to metamask wallet. Make sure you keep your private key. Select Arbitrum Network, not Ethereum.
3. Login to Renzo protocol.
https://app.renzoprotocol.com/?ref=0x7c5e7eb34b0c379d0052bed95c3c0162ed65c9e8
4. Restake 0.97ETH on Arbitrum Network if you bought 1ETH. Remember left at least 0.02ETH. Make sure you select Arbitrum Network (not linea, not ethereum).
5. After restake, you receive ezETH equivalent of 0.97ETH.
6. Login to
https://ref.mode.network/pstl0o
Referral code: pstl0o
7. Login to
https://bridge.connext.network/EZETH-from-arbitrum-to-mode?amount=1
8. Bridge all ezETH and 0.01ETH from Arbitrum to MODE.
Complete.
Reason of bridge 0.01ETH to MODE: You need gas fee to bring back your ezETH from MODE to Arbitrum or other network.
#Write2Earn #restaking #Ethereum(ETH) #Mode #RenzoProtocol
1. Buy ETH from Binance. Preferably 1ETH.
P.S: For Hedging ETH, please read my article: LST restaking with hedge
2. Send ETH to metamask wallet. Make sure you keep your private key. Select Arbitrum Network, not Ethereum.
3. Login to Renzo protocol.
https://app.renzoprotocol.com/?ref=0x7c5e7eb34b0c379d0052bed95c3c0162ed65c9e8
4. Restake 0.97ETH on Arbitrum Network if you bought 1ETH. Remember left at least 0.02ETH. Make sure you select Arbitrum Network (not linea, not ethereum).
5. After restake, you receive ezETH equivalent of 0.97ETH.
6. Login to
https://ref.mode.network/pstl0o
Referral code: pstl0o
7. Login to
https://bridge.connext.network/EZETH-from-arbitrum-to-mode?amount=1
8. Bridge all ezETH and 0.01ETH from Arbitrum to MODE.
Complete.
Reason of bridge 0.01ETH to MODE: You need gas fee to bring back your ezETH from MODE to Arbitrum or other network.
#Write2Earn #restaking #Ethereum(ETH) #Mode #RenzoProtocol
Binance Labs Backs Renzo for EigenLayer Ecosystem. 💰🤑
Binance Labs, the venture capital arm of Binance, has recently invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager designed for EigenLayer. This strategic move aims to boost the widespread adoption of EigenLayer and set a new standard for risk management in restaking.
Renzo Protocol, EigenLayer’s Restaking Hub, operates through Ethereum smart contracts, fostering trustless collaboration among stakers, node operators, and Actively Validated Services (AVSs). Users can effortlessly restake assets, delegate to node operators, and interact with on-chain service modules, streamlining processes within the EigenLayer ecosystem.
Yi He, Co-Founder of Binance and Head of Binance Labs, praises Renzo's tech for simplifying Liquid Restaking complexities. He's excited about DeFi projects like Renzo, collaborating with node operators, introducing ezETH for liquid restaking, and working on cross-chain bridging with partners on EigenLayer.
Renzo is a leading force in restaking risk and portfolio management, partnering with institutional-grade node operators and collaborating with DeFi researchers. Emphasizing LRT product innovation, they prioritize risk management and security. Lucas Kozinski, Renzo's Founding Contributor, expresses gratitude to the Binance community for their support and underscores the team's commitment to thought leadership and DeFi best practices in restaking on EigenLayer.
🔸About Renzo and Binance Labs:
Renzo's mission is to make restaking on EigenLayer accessible to everyone. Meanwhile, Binance Labs, with a portfolio exceeding $10 billion, underlines its commitment to supporting innovative projects globally.
In the dynamic landscape of decentralized finance, the collaboration between Renzo and Binance Labs marks a significant stride towards a more accessible and secure Liquid Restaking experience on EigenLayer.
#RENZO #RenzoProtocol #EigenLayer #BinanceLabs #restaking
Binance Labs, the venture capital arm of Binance, has recently invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager designed for EigenLayer. This strategic move aims to boost the widespread adoption of EigenLayer and set a new standard for risk management in restaking.
Renzo Protocol, EigenLayer’s Restaking Hub, operates through Ethereum smart contracts, fostering trustless collaboration among stakers, node operators, and Actively Validated Services (AVSs). Users can effortlessly restake assets, delegate to node operators, and interact with on-chain service modules, streamlining processes within the EigenLayer ecosystem.
Yi He, Co-Founder of Binance and Head of Binance Labs, praises Renzo's tech for simplifying Liquid Restaking complexities. He's excited about DeFi projects like Renzo, collaborating with node operators, introducing ezETH for liquid restaking, and working on cross-chain bridging with partners on EigenLayer.
Renzo is a leading force in restaking risk and portfolio management, partnering with institutional-grade node operators and collaborating with DeFi researchers. Emphasizing LRT product innovation, they prioritize risk management and security. Lucas Kozinski, Renzo's Founding Contributor, expresses gratitude to the Binance community for their support and underscores the team's commitment to thought leadership and DeFi best practices in restaking on EigenLayer.
🔸About Renzo and Binance Labs:
Renzo's mission is to make restaking on EigenLayer accessible to everyone. Meanwhile, Binance Labs, with a portfolio exceeding $10 billion, underlines its commitment to supporting innovative projects globally.
In the dynamic landscape of decentralized finance, the collaboration between Renzo and Binance Labs marks a significant stride towards a more accessible and secure Liquid Restaking experience on EigenLayer.
#RENZO #RenzoProtocol #EigenLayer #BinanceLabs #restaking
