Key Points: EigenLayer restaking deposits are back, and users are no longer limited by transactions on the platform. Discussions center on capping
EigenLayer Restaking Deposits Will Be Lifted Restrictions
As of April 16th, 2024, at 9:00 AM PST, all Liquid Staking Token (LST) caps have been lifted, and EigenLayer restaking deposits are no longer paused.
The phased rollout, comprising stages 1, 2, and 3, has cultivated a thriving community of restakers, operators, AVSs, and soon rollups. With a robust foundation now in place, users can enjoy newfound freedom from restrictions on caps or EigenLayer restaking deposit pauses.
In ongoing discussions within the EigenLayer community, theres talk of implementing future protocol awards, potentially capping them at 33% for any single LST or user.
RedStone Partnership Boosts EigenLayers Role in Crypto Security
Liquid restaking services, which redirect user deposits into EigenLayer while offering additional rewards, have gained traction. Notably, RedStone recently finalized a monumental $ 500 milyong deal with Ether.Fi, EigenLayers largest liquid restaking service, to bolster its oracle protocol.
EigenLayer‘s recent launch on Ethereum’s mainnet has already amassed over $12 billion in user deposits. This success is partly attributed to its innovative “restaking” model, a solution addressing layered security challenges. Restaking enables ETH staking participants to enhance the security of other protocols by reusing locked ETH.
EigenLayer‘s introduction of the Restaking model has garnered significant attention within the crypto community. Despite its recent mainnet debut, EigenLayer has swiftly emerged as one of Ethereum’s most substantial protocols, signaling a promising future for the project and its innovative technologies.
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