• bitcoinBitcoin (BTC) $ 105,090.00
  • ethereumEthereum (ETH) $ 2,537.59
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.17
  • bnbBNB (BNB) $ 651.30
  • solanaSolana (SOL) $ 145.88
  • usd-coinUSDC (USDC) $ 0.999804
  • dogecoinDogecoin (DOGE) $ 0.177809
  • tronTRON (TRX) $ 0.270244
  • staked-etherLido Staked Ether (STETH) $ 2,535.96
  • cardanoCardano (ADA) $ 0.635349
  • hyperliquidHyperliquid (HYPE) $ 41.13
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,984.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,053.85
  • suiSui (SUI) $ 3.03
  • bitcoin-cashBitcoin Cash (BCH) $ 435.58
  • chainlinkChainlink (LINK) $ 13.15
  • leo-tokenLEO Token (LEO) $ 9.07
  • stellarStellar (XLM) $ 0.259258
  • avalanche-2Avalanche (AVAX) $ 19.12
  • the-open-networkToncoin (TON) $ 3.00
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999678
  • hedera-hashgraphHedera (HBAR) $ 0.159618
  • wethWETH (WETH) $ 2,536.92
  • wrapped-eethWrapped eETH (WEETH) $ 2,713.19
  • litecoinLitecoin (LTC) $ 86.07
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 313.95
  • polkadotPolkadot (DOT) $ 3.81
  • whitebitWhiteBIT Coin (WBT) $ 38.93
  • bitget-tokenBitget Token (BGB) $ 4.55
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,093.00
  • pepePepe (PEPE) $ 0.000011
  • pi-networkPi Network (PI) $ 0.591832
  • uniswapUniswap (UNI) $ 7.32
  • aaveAave (AAVE) $ 277.03
  • daiDai (DAI) $ 0.999705
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 373.19
  • okbOKB (OKB) $ 51.72
  • internet-computerInternet Computer (ICP) $ 5.62
  • aptosAptos (APT) $ 4.54
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.091744
  • nearNEAR Protocol (NEAR) $ 2.23
  • ethereum-classicEthereum Classic (ETC) $ 16.76
  • ondo-financeOndo (ONDO) $ 0.794511
  • jito-staked-solJito Staked SOL (JITOSOL) $ 176.19
  • susdssUSDS (SUSDS) $ 1.06
  • tokenize-xchangeTokenize Xchange (TKX) $ 29.45
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.646234
  • gatechain-tokenGate (GT) $ 17.13
  • official-trumpOfficial Trump (TRUMP) $ 10.21
  • kaspaKaspa (KAS) $ 0.076383
  • vechainVeChain (VET) $ 0.022295
  • fasttokenFasttoken (FTN) $ 4.44
  • cosmosCosmos Hub (ATOM) $ 4.14
  • skySky (SKY) $ 0.086831
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 104,826.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.201907
  • ethenaEthena (ENA) $ 0.296285
  • render-tokenRender (RENDER) $ 3.42
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.670882
  • arbitrumArbitrum (ARB) $ 0.340093
  • filecoinFilecoin (FIL) $ 2.44
  • worldcoin-wldWorldcoin (WLD) $ 0.986302
  • algorandAlgorand (ALGO) $ 0.179769
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,537.42
  • usdt0USDT0 (USDT0) $ 1.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.37
  • usdtbUSDtb (USDTB) $ 0.999914
  • kucoin-sharesKuCoin (KCS) $ 11.19
  • spx6900SPX6900 (SPX) $ 1.45
  • binance-staked-solBinance Staked SOL (BNSOL) $ 154.33
  • flare-networksFlare (FLR) $ 0.018761
  • celestiaCelestia (TIA) $ 1.83
  • jupiter-exchange-solanaJupiter (JUP) $ 0.411300
  • nexoNEXO (NEXO) $ 1.21
  • fartcoinFartcoin (FARTCOIN) $ 1.21
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,886.61
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.83
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,654.16
  • bonkBonk (BONK) $ 0.000015
  • injective-protocolInjective (INJ) $ 11.71
  • sonic-3Sonic (S) $ 0.341480
  • story-2Story (IP) $ 3.66
  • optimismOptimism (OP) $ 0.599806
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.060096
  • blockstackStacks (STX) $ 0.635066
  • paypal-usdPayPal USD (PYUSD) $ 0.999782
  • sei-networkSei (SEI) $ 0.177708
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,711.43
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,657.87
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 104,760.00
  • kaiaKaia (KAIA) $ 0.148999
  • wbnbWrapped BNB (WBNB) $ 650.89
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 104,929.00
  • immutable-xImmutable (IMX) $ 0.461329
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,670.19
  • tether-goldTether Gold (XAUT) $ 3,436.75
  • dogwifcoindogwifhat (WIF) $ 0.843496
  • the-graphThe Graph (GRT) $ 0.088267
  • pax-goldPAX Gold (PAXG) $ 3,460.16
  • vaultaVaulta (A) $ 0.531403
  • clbtcclBTC (CLBTC) $ 107,123.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.600059
  • newton-projectAB (AB) $ 0.012522
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.45
  • flokiFLOKI (FLOKI) $ 0.000079
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 162.64
  • lido-daoLido DAO (LDO) $ 0.813235
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,742.29
  • msolMarinade Staked SOL (MSOL) $ 189.73
  • zcashZcash (ZEC) $ 44.54
  • theta-tokenTheta Network (THETA) $ 0.710878
  • ousgOUSG (OUSG) $ 111.43
  • galaGALA (GALA) $ 0.015135
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.29
  • jito-governance-tokenJito (JTO) $ 1.99
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999642
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • bittorrentBitTorrent (BTT) $ 0.00000067
  • iotaIOTA (IOTA) $ 0.171037
  • the-sandboxThe Sandbox (SAND) $ 0.265993
  • jasmycoinJasmyCoin (JASMY) $ 0.013141
  • walrus-2Walrus (WAL) $ 0.468266
  • aerodrome-financeAerodrome Finance (AERO) $ 0.746182
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.01
  • bitcoin-svBitcoin SV (BSV) $ 31.09
  • wrapped-hypeWrapped HYPE (WHYPE) $ 41.01
  • usual-usdUsual USD (USD0) $ 0.997466
  • pyth-networkPyth Network (PYTH) $ 0.106620
  • pendlePendle (PENDLE) $ 3.75
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009649
  • raydiumRaydium (RAY) $ 2.07
  • tezosTezos (XTZ) $ 0.569359
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 104,498.00
  • coredaoorgCore (CORE) $ 0.582830
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • falcon-financeFalcon USD (USDF) $ 0.998861
  • saros-financeSaros (SAROS) $ 0.217993
  • flowFlow (FLOW) $ 0.353200
  • super-oethSuper OETH (SUPEROETH) $ 2,536.14
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,536.74
  • apecoinApeCoin (APE) $ 0.692258
  • tbtctBTC (TBTC) $ 104,804.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,681.06
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,710.52
  • thorchainTHORChain (RUNE) $ 1.49
  • dexeDeXe (DEXE) $ 9.02
  • syrupMaple Finance (SYRUP) $ 0.475865
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,536.49
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 105,108.00
  • decentralandDecentraland (MANA) $ 0.266033
  • true-usdTrueUSD (TUSD) $ 0.998072
  • compound-governance-tokenCompound (COMP) $ 52.89
  • grassGrass (GRASS) $ 1.64
  • staked-hypeStaked HYPE (STHYPE) $ 41.00
  • heliumHelium (HNT) $ 2.50
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.177498
  • kavaKava (KAVA) $ 0.420519
  • chain-2Onyxcoin (XCN) $ 0.013383
  • based-brettBrett (BRETT) $ 0.045159
  • morphoMorpho (MORPHO) $ 1.42
  • beldexBeldex (BDX) $ 0.060603
  • usddUSDD (USDD) $ 1.00
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999807
  • eosEOS (EOS) $ 0.592778
  • axelarAxelar (AXL) $ 0.434727
  • keetaKeeta (KTA) $ 1.06
  • aioz-networkAIOZ Network (AIOZ) $ 0.350396
  • ecasheCash (XEC) $ 0.000021
  • dydx-chaindYdX (DYDX) $ 0.521168
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 37.32
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • apenftAPENFT (NFT) $ 0.00000041
  • aethirAethir (ATH) $ 0.040796
  • ripple-usdRipple USD (RLUSD) $ 0.999789
  • starknetStarknet (STRK) $ 0.119890
  • ketKet (KET) $ 0.401568
  • arweaveArweave (AR) $ 6.12
  • usdbUSDB (USDB) $ 0.980878
  • neoNEO (NEO) $ 5.62
  • elrond-erd-2MultiversX (EGLD) $ 13.97
  • eigenlayerEigenlayer (EIGEN) $ 1.27
  • stader-ethxStader ETHx (ETHX) $ 2,695.17
  • movementMovement (MOVE) $ 0.147079
  • axie-infinityAxie Infinity (AXS) $ 2.35
  • conflux-tokenConflux (CFX) $ 0.074701
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,535.93
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.003692
  • telcoinTelcoin (TEL) $ 0.003996
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006307
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 62

CHART: Restaking assets down 33% in two months

This summer, crypto restaking protocols were rallying to new heights. Almost without exception, these leveraged plays on the native yield of proof-of-stake blockchains like Ethereum and Solana were attracting all-time high capital inflows.

As of June 5, their total value locked (TVL) — a convenient albeit incomplete metric for judging the size of crypto protocols — had crested $21 billion.

Protos has created a chart illustrating the breakdown of this TVL — click here to view.

However, as of publication time, the assets in those protocols had declined by one-third to $14 billion.

As investors return from summer vacation, university classes restart, and capital allocators reassess their portfolios with sober professionalism, the world has decided to take some risk off the table at the start of the third quarter.

Declines in these USD values are influenced by general declines in ETH, SOL, and other restaking assets. Since June 5, the crypto market has shed 26% of its total market capitalization.

Restaking: More leverage, liquidation, complexity, and risk

Restaking protocols enable crypto asset holders to leverage staked assets like ETH or SOL to generate additional yield. Anil Lulla of Delphi called it “the rehypothecation of ETH to riskier networks,” and it certainly has both of those qualities.

Restaking rehypothecates, or ‘double-allocates,’ an asset across two or more protocols. A common restaking strategy involves Ethereum + Lido + EigenLayer, among many other examples. The introduction of these additional protocols beyond the base layer — in this case, Lido and EigenLayer — introduces the additional risk of two networks into one’s investment.

As compensation for these additional risks, restaking schemes advertise yields with annualized percentages in the double and even triple digits.

“Looping,” or taking out additional loans after restaking in order to restake yet again can transform these numbers into quadruple digits and beyond.

Source

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