As the restaking war heats up quickly, @ether_fi is also going toe-to-toe with @KelpDAO in the battle of TVL
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In just a month, @KelpDAO has explosively secured $167M in stETH / ETHx with their gamified "Kelp miles" system.
On the other hand, @ether_fi has been steadily accumulating $153M in native ETH over the past 2 months and is poised to overtake @KelpDAO within a few weeks if the growth continues.
So, who would be the winners at the end?
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The 3 success factor:
While I'm expecting the LRT war to escalates with @restakefi, @InceptionLRT, @swellnetworkio and others joining,
It's still too early to say who's the winner rn.
Yet, I believe the success of LRT will depends on 3 factors:
> LRT team's ability to integrate LRT token with different projects (Esp. DeFi) to expand it's utility and influence.
> The stability of peg and liquidity of the pairs
> A creative / gamified reward system that will encourage users to stake and become more sticky to the project .
A project checked with the 3 factors mentioned above is likely to be better than the others â
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Also, studying the journey of Lido's success could possibly provide some valuable guidance for LRT projects.
Read more:
https:// x. com/poopmandefi/status/1745297154724462592?s=20
