• bitcoinBitcoin (BTC) $ 94,740.00
  • ethereumEthereum (ETH) $ 1,796.94
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.29
  • bnbBNB (BNB) $ 604.86
  • solanaSolana (SOL) $ 147.74
  • usd-coinUSDC (USDC) $ 0.999964
  • dogecoinDogecoin (DOGE) $ 0.178079
  • cardanoCardano (ADA) $ 0.701196
  • tronTRON (TRX) $ 0.247226
  • staked-etherLido Staked Ether (STETH) $ 1,793.49
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 94,805.00
  • suiSui (SUI) $ 3.56
  • chainlinkChainlink (LINK) $ 15.02
  • avalanche-2Avalanche (AVAX) $ 21.77
  • stellarStellar (XLM) $ 0.281518
  • leo-tokenLEO Token (LEO) $ 9.00
  • the-open-networkToncoin (TON) $ 3.26
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • hedera-hashgraphHedera (HBAR) $ 0.188996
  • usdsUSDS (USDS) $ 1.00
  • wrapped-stethWrapped stETH (WSTETH) $ 2,156.38
  • bitcoin-cashBitcoin Cash (BCH) $ 365.58
  • litecoinLitecoin (LTC) $ 86.10
  • polkadotPolkadot (DOT) $ 4.28
  • hyperliquidHyperliquid (HYPE) $ 18.63
  • bitget-tokenBitget Token (BGB) $ 4.43
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • wethWETH (WETH) $ 1,799.37
  • moneroMonero (XMR) $ 266.80
  • ethena-usdeEthena USDe (USDE) $ 0.999596
  • pi-networkPi Network (PI) $ 0.606892
  • whitebitWhiteBIT Coin (WBT) $ 29.34
  • wrapped-eethWrapped eETH (WEETH) $ 1,915.62
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 94,921.00
  • pepePepe (PEPE) $ 0.000009
  • aptosAptos (APT) $ 5.59
  • bittensorBittensor (TAO) $ 383.77
  • uniswapUniswap (UNI) $ 5.41
  • daiDai (DAI) $ 0.999962
  • okbOKB (OKB) $ 52.03
  • ondo-financeOndo (ONDO) $ 0.974202
  • nearNEAR Protocol (NEAR) $ 2.55
  • susdssUSDS (SUSDS) $ 1.05
  • official-trumpOfficial Trump (TRUMP) $ 14.28
  • gatechain-tokenGate (GT) $ 22.25
  • internet-computerInternet Computer (ICP) $ 5.09
  • ethereum-classicEthereum Classic (ETC) $ 17.03
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • aaveAave (AAVE) $ 166.44
  • kaspaKaspa (KAS) $ 0.096045
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.18
  • crypto-com-chainCronos (CRO) $ 0.090314
  • mantleMantle (MNT) $ 0.737165
  • vechainVeChain (VET) $ 0.027494
  • render-tokenRender (RENDER) $ 4.51
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.239100
  • cosmosCosmos Hub (ATOM) $ 4.47
  • algorandAlgorand (ALGO) $ 0.230859
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 94,659.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.712399
  • ethenaEthena (ENA) $ 0.333228
  • filecoinFilecoin (FIL) $ 2.79
  • fasttokenFasttoken (FTN) $ 4.29
  • celestiaCelestia (TIA) $ 2.93
  • sonic-3Sonic (prev. FTM) (S) $ 0.521354
  • arbitrumArbitrum (ARB) $ 0.334117
  • bonkBonk (BONK) $ 0.000020
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.10
  • worldcoin-wldWorldcoin (WLD) $ 1.13
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997651
  • jupiter-exchange-solanaJupiter (JUP) $ 0.479047
  • kucoin-sharesKuCoin (KCS) $ 10.65
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 94,353.00
  • blockstackStacks (STX) $ 0.849481
  • optimismOptimism (OP) $ 0.779990
  • xdce-crowd-saleXDC Network (XDC) $ 0.081700
  • makerMaker (MKR) $ 1,531.25
  • binance-staked-solBinance Staked SOL (BNSOL) $ 155.32
  • nexoNEXO (NEXO) $ 1.21
  • flare-networksFlare (FLR) $ 0.018127
  • sei-networkSei (SEI) $ 0.221444
  • story-2Story (IP) $ 4.09
  • fartcoinFartcoin (FARTCOIN) $ 1.10
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,798.46
  • immutable-xImmutable (IMX) $ 0.585010
  • eosEOS (EOS) $ 0.684781
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,872.24
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.50
  • injective-protocolInjective (INJ) $ 9.91
  • usdt0USDT0 (USDT0) $ 0.999828
  • the-graphThe Graph (GRT) $ 0.099089
  • wbnbWrapped BNB (WBNB) $ 605.23
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • raydiumRaydium (RAY) $ 3.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.644108
  • flokiFLOKI (FLOKI) $ 0.000088
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,036.11
  • iotaIOTA (IOTA) $ 0.221376
  • tether-goldTether Gold (XAUT) $ 3,326.51
  • jasmycoinJasmyCoin (JASMY) $ 0.016729
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 93,312.00
  • coredaoorgCore (CORE) $ 0.795728
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • pax-goldPAX Gold (PAXG) $ 3,332.31
  • bitcoin-svBitcoin SV (BSV) $ 39.65
  • walrus-2Walrus (WAL) $ 0.628385
  • galaGALA (GALA) $ 0.017429
  • dexeDeXe (DEXE) $ 13.27
  • theta-tokenTheta Network (THETA) $ 0.754732
  • lido-daoLido DAO (LDO) $ 0.840166
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 94,666.00
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 163.13
  • heliumHelium (HNT) $ 4.10
  • the-sandboxThe Sandbox (SAND) $ 0.302010
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.011739
  • clbtcclBTC (CLBTC) $ 95,273.00
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • msolMarinade Staked SOL (MSOL) $ 190.35
  • bittorrentBitTorrent (BTT) $ 0.00000072
  • kaiaKaia (KAIA) $ 0.117257
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,912.50
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.10
  • usual-usdUsual USD (USD0) $ 0.997787
  • flowFlow (FLOW) $ 0.407868
  • based-brettBrett (BRETT) $ 0.064087
  • chain-2Onyxcoin (XCN) $ 0.018848
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999137
  • solayerSolayer (LAYER) $ 3.01
  • movementMovement (MOVE) $ 0.250364
  • decentralandDecentraland (MANA) $ 0.325704
  • dogwifcoindogwifhat (WIF) $ 0.607194
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.18
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • jito-governance-tokenJito (JTO) $ 1.81
  • tezosTezos (XTZ) $ 0.559588
  • pyth-networkPyth Network (PYTH) $ 0.160137
  • deepDeepBook (DEEP) $ 0.229087
  • zcashZcash (ZEC) $ 35.70
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,881.18
  • pendlePendle (PENDLE) $ 3.36
  • spx6900SPX6900 (SPX) $ 0.579662
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009260
  • mantra-daoMANTRA (OM) $ 0.533614
  • dydx-chaindYdX (DYDX) $ 0.661570
  • aerodrome-financeAerodrome Finance (AERO) $ 0.619737
  • kavaKava (KAVA) $ 0.458543
  • telcoinTelcoin (TEL) $ 0.005385
  • true-usdTrueUSD (TUSD) $ 0.999408
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
  • elrond-erd-2MultiversX (EGLD) $ 17.32
  • thorchainTHORChain (RUNE) $ 1.39
  • beldexBeldex (BDX) $ 0.067786
  • ubtcuBTC (UBTC) $ 94,865.00
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 94,850.00
  • pumpbtcpumpBTC (PUMPBTC) $ 92,801.00
  • arweaveArweave (AR) $ 7.18
  • aioz-networkAIOZ Network (AIOZ) $ 0.399490
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,877.39
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.178102
  • ecasheCash (XEC) $ 0.000023
  • starknetStarknet (STRK) $ 0.155717
  • grassGrass (GRASS) $ 1.64
  • neoNEO (NEO) $ 6.28
  • apecoinApeCoin (APE) $ 0.550411
  • tbtctBTC (TBTC) $ 94,856.00
  • ousgOUSG (OUSG) $ 110.86
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,799.27
  • axie-infinityAxie Infinity (AXS) $ 2.61
  • conflux-tokenConflux (CFX) $ 0.082079
  • apenftAPENFT (NFT) $ 0.00000042
  • matic-networkPolygon (MATIC) $ 0.239222
  • wormholeWormhole (W) $ 0.089786
  • chilizChiliz (CHZ) $ 0.042652
  • hashnote-usycHashnote USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 1.00
  • berachain-beraBerachain (BERA) $ 3.71
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,910.02
  • super-oethSuper OETH (SUPEROETHB) $ 1,799.39
  • compound-governance-tokenCompound (COMP) $ 42.89
  • beam-2Beam (BEAM) $ 0.007302
  • justJUST (JST) $ 0.038270
  • popcatPopcat (POPCAT) $ 0.380848
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,797.34
  • axelarAxelar (AXL) $ 0.375197
  • olympusOlympus (OHM) $ 21.68
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • roninRonin (RON) $ 0.563521
  • sun-tokenSun Token (SUN) $ 0.017941
  • amp-tokenAmp (AMP) $ 0.004094
  • saros-financeSaros (SAROS) $ 0.131169
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,794.15
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000063
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.818957
  • plumePlume (PLUME) $ 0.170212
  • usddUSDD (USDD) $ 1.00
  • akash-networkAkash Network (AKT) $ 1.36
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 55

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

admin 12579 posts 0 comments
You might also like More from author

Leave A Reply

Your email address will not be published.

Verified by MonsterInsights