🚀 Ethereum's liquid restaking protocols have skyrocketed in 2024, with TVL soaring nearly 6,000%! Starting the year at a modest $284M, it now boasts a whopping $17.26B. What's behind this meteoric rise? The magic of Liquid Restaking Tokens (LRTs)! 🌟
- LRTs simplify traditional ETH staking, boosting capital efficiency in DeFi.
- They allow stakers to use derivative tokens for trading, lending, or yield farming.
- Ether.fi leads the pack, holding over 50% of the LRT market.
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