• bitcoinBitcoin (BTC) $ 84,171.00
  • ethereumEthereum (ETH) $ 1,922.67
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.35
  • bnbBNB (BNB) $ 585.88
  • solanaSolana (SOL) $ 133.61
  • usd-coinUSDC (USDC) $ 0.999888
  • cardanoCardano (ADA) $ 0.734807
  • dogecoinDogecoin (DOGE) $ 0.170527
  • tronTRON (TRX) $ 0.221401
  • staked-etherLido Staked Ether (STETH) $ 1,918.48
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 84,115.00
  • pi-networkPi Network (PI) $ 1.51
  • leo-tokenLEO Token (LEO) $ 9.77
  • chainlinkChainlink (LINK) $ 13.80
  • stellarStellar (XLM) $ 0.274693
  • wrapped-stethWrapped stETH (WSTETH) $ 2,301.75
  • usdsUSDS (USDS) $ 0.999871
  • hedera-hashgraphHedera (HBAR) $ 0.190585
  • avalanche-2Avalanche (AVAX) $ 18.74
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • suiSui (SUI) $ 2.32
  • the-open-networkToncoin (TON) $ 2.93
  • litecoinLitecoin (LTC) $ 91.65
  • bitcoin-cashBitcoin Cash (BCH) $ 326.90
  • polkadotPolkadot (DOT) $ 4.20
  • mantra-daoMANTRA (OM) $ 6.26
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wethWETH (WETH) $ 1,925.26
  • bitget-tokenBitget Token (BGB) $ 4.43
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 13.96
  • whitebitWhiteBIT Coin (WBT) $ 28.54
  • wrapped-eethWrapped eETH (WEETH) $ 2,044.36
  • moneroMonero (XMR) $ 209.82
  • uniswapUniswap (UNI) $ 6.06
  • susdssUSDS (SUSDS) $ 1.04
  • daiDai (DAI) $ 0.999641
  • nearNEAR Protocol (NEAR) $ 2.62
  • aptosAptos (APT) $ 5.21
  • pepePepe (PEPE) $ 0.000007
  • okbOKB (OKB) $ 46.12
  • ondo-financeOndo (ONDO) $ 0.865494
  • ethereum-classicEthereum Classic (ETC) $ 18.01
  • internet-computerInternet Computer (ICP) $ 5.63
  • gatechain-tokenGate (GT) $ 21.36
  • aaveAave (AAVE) $ 173.15
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 84,183.00
  • mantleMantle (MNT) $ 0.731548
  • official-trumpOfficial Trump (TRUMP) $ 11.86
  • crypto-com-chainCronos (CRO) $ 0.083070
  • tokenize-xchangeTokenize Xchange (TKX) $ 28.01
  • bittensorBittensor (TAO) $ 252.93
  • vechainVeChain (VET) $ 0.024608
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998804
  • kaspaKaspa (KAS) $ 0.076117
  • celestiaCelestia (TIA) $ 3.54
  • filecoinFilecoin (FIL) $ 2.88
  • cosmosCosmos Hub (ATOM) $ 4.20
  • ethenaEthena (ENA) $ 0.349887
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.215199
  • fasttokenFasttoken (FTN) $ 4.00
  • algorandAlgorand (ALGO) $ 0.198165
  • sonic-3Sonic (prev. FTM) (S) $ 0.530034
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 84,193.00
  • render-tokenRender (RENDER) $ 3.17
  • arbitrumArbitrum (ARB) $ 0.360196
  • story-2Story (IP) $ 5.94
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.526061
  • optimismOptimism (OP) $ 0.869685
  • kucoin-sharesKuCoin (KCS) $ 11.11
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.513034
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 83,976.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,921.12
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,996.82
  • movementMovement (MOVE) $ 0.453213
  • nexoNEXO (NEXO) $ 1.08
  • xdce-crowd-saleXDC Network (XDC) $ 0.068234
  • makerMaker (MKR) $ 1,189.32
  • dexeDeXe (DEXE) $ 17.29
  • injective-protocolInjective (INJ) $ 10.08
  • blockstackStacks (STX) $ 0.645097
  • usual-usdUsual USD (USD0) $ 0.997575
  • immutable-xImmutable (IMX) $ 0.545993
  • binance-staked-solBinance Staked SOL (BNSOL) $ 139.11
  • worldcoin-wldWorldcoin (WLD) $ 0.868564
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,163.32
  • sei-networkSei (SEI) $ 0.203167
  • flare-networksFlare (FLR) $ 0.015180
  • the-graphThe Graph (GRT) $ 0.094008
  • theta-tokenTheta Network (THETA) $ 0.895251
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • lido-daoLido DAO (LDO) $ 0.944731
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 83,977.00
  • bonkBonk (BONK) $ 0.000011
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,039.62
  • eosEOS (EOS) $ 0.504135
  • paypal-usdPayPal USD (PYUSD) $ 0.999772
  • tether-goldTether Gold (XAUT) $ 2,983.81
  • tezosTezos (XTZ) $ 0.706600
  • galaGALA (GALA) $ 0.016580
  • wbnbWrapped BNB (WBNB) $ 585.71
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • the-sandboxThe Sandbox (SAND) $ 0.285478
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • jito-governance-tokenJito (JTO) $ 2.24
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 83,944.00
  • bitcoin-svBitcoin SV (BSV) $ 34.12
  • iotaIOTA (IOTA) $ 0.181497
  • jasmycoinJasmyCoin (JASMY) $ 0.013717
  • berachain-beraBerachain (BERA) $ 6.11
  • kaiaKaia (KAIA) $ 0.110588
  • msolMarinade Staked SOL (MSOL) $ 170.56
  • flowFlow (FLOW) $ 0.403207
  • pax-goldPAX Gold (PAXG) $ 2,992.81
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999438
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,000.27
  • flokiFLOKI (FLOKI) $ 0.000062
  • neoNEO (NEO) $ 8.02
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.81
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 145.79
  • pyth-networkPyth Network (PYTH) $ 0.149199
  • resolv-usrResolv USR (USR) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.408870
  • honey-3Honey (HONEY) $ 0.999285
  • beldexBeldex (BDX) $ 0.076202
  • roninRonin (RON) $ 0.845081
  • heliumHelium (HNT) $ 2.91
  • zcashZcash (ZEC) $ 32.25
  • axie-infinityAxie Infinity (AXS) $ 3.22
  • decentralandDecentraland (MANA) $ 0.275602
  • telcoinTelcoin (TEL) $ 0.005526
  • kavaKava (KAVA) $ 0.466500
  • dogwifcoindogwifhat (WIF) $ 0.504991
  • elrond-erd-2MultiversX (EGLD) $ 17.90
  • true-usdTrueUSD (TUSD) $ 0.999291
  • starknetStarknet (STRK) $ 0.178375
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.63
  • pumpbtcpumpBTC (PUMPBTC) $ 82,812.00
  • dydx-chaindYdX (DYDX) $ 0.617359
  • raydiumRaydium (RAY) $ 1.61
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,039.41
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999888
  • chain-2Onyxcoin (XCN) $ 0.013313
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.170451
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,922.55
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.668474
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 84,170.00
  • arweaveArweave (AR) $ 6.54
  • apenftAPENFT (NFT) $ 0.00000043
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,925.21
  • aerodrome-financeAerodrome Finance (AERO) $ 0.528829
  • clbtcclBTC (CLBTC) $ 84,107.00
  • ecasheCash (XEC) $ 0.000021
  • conflux-tokenConflux (CFX) $ 0.083213
  • apecoinApeCoin (APE) $ 0.522051
  • thorchainTHORChain (RUNE) $ 1.18
  • chilizChiliz (CHZ) $ 0.043860
  • ousgOUSG (OUSG) $ 110.33
  • grassGrass (GRASS) $ 1.48
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006479
  • usdbUSDB (USDB) $ 0.995330
  • coredaoorgCore (CORE) $ 0.404782
  • hashnote-usycHashnote USYC (USYC) $ 1.07
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 83,613.00
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • matic-networkPolygon (MATIC) $ 0.215032
  • infrared-beraInfrared Bera (IBERA) $ 5.51
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,923.20
  • compound-governance-tokenCompound (COMP) $ 41.21
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.866598
  • olympusOlympus (OHM) $ 21.98
  • fraxFrax (FRAX) $ 0.998580
  • tbtctBTC (TBTC) $ 84,091.00
  • amp-tokenAmp (AMP) $ 0.004175
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,965.55
  • pendlePendle (PENDLE) $ 2.15
  • kaitoKAITO (KAITO) $ 1.43
  • axelarAxelar (AXL) $ 0.368302
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,003.59
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • akash-networkAkash Network (AKT) $ 1.37
  • spx6900SPX6900 (SPX) $ 0.358930
  • beam-2Beam (BEAM) $ 0.006240
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • gnosisGnosis (GNO) $ 124.24
  • based-brettBrett (BRETT) $ 0.032266
  • mina-protocolMina Protocol (MINA) $ 0.259276
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,905.56
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005491
  • verus-coinVerus (VRSC) $ 3.88
  • fartcoinFartcoin (FARTCOIN) $ 0.303651
  • plumePlume (PLUME) $ 0.151413
  • morphoMorpho (MORPHO) $ 1.28
  • aioz-networkAIOZ Network (AIOZ) $ 0.262505
  • golemGolem (GLM) $ 0.300919
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 48

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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