EigenLayer, Crypto’s Biggest Project Launch This Year, Is Still Missing Crucial Functionality
The “restaking” protocol with $15 billion in deposits won’t pay rewards to depositors and is missing its mission-critical “slashing” feature.
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The “restaking” protocol with $15 billion in deposits won’t pay rewards to depositors and is missing its mission-critical “slashing” feature.
The proposal, initially introduced in February, could harden Ethereum’s native cryptocurrency, ether, as as a form of money – by reducing the inflation of new supply. But some members of the community say if it’s not broke, don’t fix it.
Liquid restaking protocols are seeing ample demand from users as speculation mounts over potential applications for the Ethereum restaking juggernaut EigenLayer, and the prospects for rewards paid out to early users.
A big selling point of blockchain networks is that they are “decentralized.” But just a few validators, including those run by Lido, have gradually amassed a lion’s share of the power over the dominant smat-contracts blockchain, Ethereum. One idea is to decentralize the validators themselves.
Marinade’s market cap is dwarfed by Jito, though, despite being a bigger crypto ecosystem.
The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months.
Asset management giant BlackRock registered a Delaware company for a spot ether trust, fueling speculations about a potential ETF filing.
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(Tom S/Unsplash, modified by CoinDesk)
Binance’s liquid staking ether (ETH) saw a sudden $500 million burst of inflows over the weekend, pushing its total locked value (TVL) to $1.2 billion.