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Hi Guys, It's Big & Big #alert About $1.2 Trillion $BTC in Web3 !!! Web3 Teams Compete To Bring Restaking To $1.2T Bitcoin Ecosystem Developers are racing to leverage BTC to replicate Ethereum's booming restaking ecosystem. DeFi developers are competing to replicate the explosive growth generated by Ethereum’s restaking sector within the Bitcoin ecosystem. On May 20, BounceBit, a “CeDeFi’ Layer 1 network backed by Binance, the popular centralized exchange, published its roadmap for 2024. In the document, BounceBit said it plans to develop a “shared security client module” allowing third-party projects to utilize the liquidity deposited on the “BounceBit BTC restaking chain.” BounceBit celebrated its mainnet launch on May 13, claiming to have amassed a total value locked (TVL) of more than $1 billion after launching an incentivized early access phase on Jan. 30. The BounceBit chain is secured by users who stake both its native BB token and Bitcoin (BTC). BounceBit’s new roadmap seeks to expand on this with the introduction of restaking by allowing third-party protocols to harness its staking mechanism for security. BounceBit’s roadmap also includes improving BounceBit’s Ethereum Virtual Machine (EVM) execution, bolstering transaction throughput, and upgrading communication between its EVM and the Cosmos software development kit. Restaking boom Restaking was pioneered on Ethereum by EigenLayer. EigenLayer allows Ethereum stakers to earn additional yield by simultaneously pledging their stake to secure third-party actively validated services (AVSs) while also securing the Ethereum network. However, restakers incur additional slashing risks, meaning their stake will be diminished should delegated AVSs misbehave. EigenLayer has surged to become the second-largest DeFi protocol with a more than $15.3 TVL. The protocol’s growth was recently buoyed by the explosive rise of liquid restaking tokens (LRT) protocols, which reduce the technical barriers to participating in restaking and enable additional yield generation by allowing users to remain liquid.

Hi Guys,

It's Big & Big #alert About $1.2 Trillion $BTC in Web3 !!!

Web3 Teams Compete To Bring Restaking To $1.2T Bitcoin Ecosystem

Developers are racing to leverage BTC to replicate Ethereum's booming restaking ecosystem.

DeFi developers are competing to replicate the explosive growth generated by Ethereum’s restaking sector within the Bitcoin ecosystem.

On May 20, BounceBit, a “CeDeFi’ Layer 1 network backed by Binance, the popular centralized exchange, published its roadmap for 2024. In the document, BounceBit said it plans to develop a “shared security client module” allowing third-party projects to utilize the liquidity deposited on the “BounceBit BTC restaking chain.”

BounceBit celebrated its mainnet launch on May 13, claiming to have amassed a total value locked (TVL) of more than $1 billion after launching an incentivized early access phase on Jan. 30.

The BounceBit chain is secured by users who stake both its native BB token and Bitcoin (BTC).

BounceBit’s new roadmap seeks to expand on this with the introduction of restaking by allowing third-party protocols to harness its staking mechanism for security.

BounceBit’s roadmap also includes improving BounceBit’s Ethereum Virtual Machine (EVM) execution, bolstering transaction throughput, and upgrading communication between its EVM and the Cosmos software development kit.

Restaking boom

Restaking was pioneered on Ethereum by EigenLayer. EigenLayer allows Ethereum stakers to earn additional yield by simultaneously pledging their stake to secure third-party actively validated services (AVSs) while also securing the Ethereum network.

However, restakers incur additional slashing risks, meaning their stake will be diminished should delegated AVSs misbehave.

EigenLayer has surged to become the second-largest DeFi protocol with a more than $15.3 TVL. The protocol’s growth was recently buoyed by the explosive rise of liquid restaking tokens (LRT) protocols, which reduce the technical barriers to participating in restaking and enable additional yield generation by allowing users to remain liquid.

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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