• bitcoinBitcoin (BTC) $ 117,873.00
  • ethereumEthereum (ETH) $ 3,791.50
  • xrpXRP (XRP) $ 3.13
  • tetherTether (USDT) $ 0.999780
  • bnbBNB (BNB) $ 805.01
  • solanaSolana (SOL) $ 181.28
  • usd-coinUSDC (USDC) $ 0.999812
  • staked-etherLido Staked Ether (STETH) $ 3,788.13
  • dogecoinDogecoin (DOGE) $ 0.223694
  • tronTRON (TRX) $ 0.338127
  • cardanoCardano (ADA) $ 0.782450
  • wrapped-stethWrapped stETH (WSTETH) $ 4,574.92
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,517.00
  • hyperliquidHyperliquid (HYPE) $ 43.41
  • suiSui (SUI) $ 3.81
  • stellarStellar (XLM) $ 0.420862
  • chainlinkChainlink (LINK) $ 17.82
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,072.46
  • bitcoin-cashBitcoin Cash (BCH) $ 563.78
  • hedera-hashgraphHedera (HBAR) $ 0.263657
  • wrapped-eethWrapped eETH (WEETH) $ 4,064.31
  • avalanche-2Avalanche (AVAX) $ 24.36
  • wethWETH (WETH) $ 3,792.05
  • leo-tokenLEO Token (LEO) $ 8.96
  • litecoinLitecoin (LTC) $ 108.52
  • the-open-networkToncoin (TON) $ 3.37
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • usdsUSDS (USDS) $ 0.999754
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,910.00
  • whitebitWhiteBIT Coin (WBT) $ 44.03
  • uniswapUniswap (UNI) $ 10.29
  • polkadotPolkadot (DOT) $ 3.90
  • moneroMonero (XMR) $ 313.99
  • bitget-tokenBitget Token (BGB) $ 4.53
  • pepePepe (PEPE) $ 0.000012
  • crypto-com-chainCronos (CRO) $ 0.145195
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • aaveAave (AAVE) $ 282.08
  • daiDai (DAI) $ 0.999815
  • bittensorBittensor (TAO) $ 383.48
  • ethenaEthena (ENA) $ 0.570579
  • nearNEAR Protocol (NEAR) $ 2.72
  • ethereum-classicEthereum Classic (ETC) $ 21.74
  • pi-networkPi Network (PI) $ 0.428725
  • aptosAptos (APT) $ 4.58
  • ondo-financeOndo (ONDO) $ 0.958456
  • internet-computerInternet Computer (ICP) $ 5.45
  • okbOKB (OKB) $ 48.30
  • jito-staked-solJito Staked SOL (JITOSOL) $ 221.19
  • mantleMantle (MNT) $ 0.762876
  • kaspaKaspa (KAS) $ 0.095588
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.037996
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,798.92
  • algorandAlgorand (ALGO) $ 0.260350
  • bonkBonk (BONK) $ 0.000029
  • usd1-wlfiUSD1 (USD1) $ 0.999403
  • arbitrumArbitrum (ARB) $ 0.424493
  • vechainVeChain (VET) $ 0.025241
  • cosmosCosmos Hub (ATOM) $ 4.61
  • gatechain-tokenGate (GT) $ 17.56
  • render-tokenRender (RENDER) $ 3.93
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.221591
  • fasttokenFasttoken (FTN) $ 4.58
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • official-trumpOfficial Trump (TRUMP) $ 9.48
  • spx6900SPX6900 (SPX) $ 2.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.708250
  • sei-networkSei (SEI) $ 0.318859
  • skySky (SKY) $ 0.085455
  • binance-staked-solBinance Staked SOL (BNSOL) $ 192.96
  • susdssUSDS (SUSDS) $ 1.06
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,312.84
  • filecoinFilecoin (FIL) $ 2.57
  • flare-networksFlare (FLR) $ 0.024845
  • story-2Story (IP) $ 5.82
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,974.17
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,674.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.05
  • xdce-crowd-saleXDC Network (XDC) $ 0.099872
  • jupiter-exchange-solanaJupiter (JUP) $ 0.537541
  • usdtbUSDtb (USDTB) $ 0.999551
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,019.76
  • kucoin-sharesKuCoin (KCS) $ 11.32
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,056.73
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,097.77
  • injective-protocolInjective (INJ) $ 14.10
  • usdt0USDT0 (USDT0) $ 0.999939
  • curve-dao-tokenCurve DAO (CRV) $ 0.988472
  • celestiaCelestia (TIA) $ 1.87
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996788
  • nexoNEXO (NEXO) $ 1.32
  • optimismOptimism (OP) $ 0.725097
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,991.74
  • blockstackStacks (STX) $ 0.781395
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999636
  • falcon-financeFalcon USD (USDF) $ 0.999642
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,562.00
  • flokiFLOKI (FLOKI) $ 0.000116
  • fartcoinFartcoin (FARTCOIN) $ 1.09
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 204.26
  • wbnbWrapped BNB (WBNB) $ 805.64
  • immutable-xImmutable (IMX) $ 0.561522
  • conflux-tokenConflux (CFX) $ 0.206344
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,785.46
  • the-graphThe Graph (GRT) $ 0.102134
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • sonic-3Sonic (S) $ 0.307791
  • pump-funPump.fun (PUMP) $ 0.002808
  • dogwifcoindogwifhat (WIF) $ 0.984983
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.85
  • ethereum-name-serviceEthereum Name Service (ENS) $ 28.61
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • pax-goldPAX Gold (PAXG) $ 3,334.54
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,699.00
  • saros-financeSaros (SAROS) $ 0.357000
  • msolMarinade Staked SOL (MSOL) $ 237.94
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • lido-daoLido DAO (LDO) $ 1.04
  • kaiaKaia (KAIA) $ 0.159277
  • clbtcclBTC (CLBTC) $ 120,697.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.38
  • tezosTezos (XTZ) $ 0.849949
  • vaultaVaulta (A) $ 0.543662
  • theta-tokenTheta Network (THETA) $ 0.854891
  • tether-goldTether Gold (XAUT) $ 3,330.19
  • raydiumRaydium (RAY) $ 3.03
  • super-oethSuper OETH (SUPEROETH) $ 3,790.67
  • iotaIOTA (IOTA) $ 0.203562
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,055.10
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,916.27
  • jasmycoinJasmyCoin (JASMY) $ 0.016058
  • galaGALA (GALA) $ 0.016826
  • pyth-networkPyth Network (PYTH) $ 0.126551
  • the-sandboxThe Sandbox (SAND) $ 0.295894
  • pendlePendle (PENDLE) $ 4.37
  • aerodrome-financeAerodrome Finance (AERO) $ 0.815328
  • ousgOUSG (OUSG) $ 111.98
  • bittorrentBitTorrent (BTT) $ 0.00000071
  • jito-governance-tokenJito (JTO) $ 1.92
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997608
  • tbtctBTC (TBTC) $ 117,574.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,791.94
  • zcashZcash (ZEC) $ 40.54
  • flowFlow (FLOW) $ 0.394045
  • heliumHelium (HNT) $ 3.24
  • newton-projectAB (AB) $ 0.008522
  • walrus-2Walrus (WAL) $ 0.427151
  • stader-ethxStader ETHx (ETHX) $ 4,033.29
  • usual-usdUsual USD (USD0) $ 0.997632
  • morphoMorpho (MORPHO) $ 1.80
  • decentralandDecentraland (MANA) $ 0.301873
  • ripple-usdRipple USD (RLUSD) $ 0.999705
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.224121
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,851.00
  • syrupMaple Finance (SYRUP) $ 0.473778
  • memecoreMemeCore (M) $ 0.339876
  • usddUSDD (USDD) $ 0.999631
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,061.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,792.10
  • mog-coinMog Coin (MOG) $ 0.000001
  • bitcoin-svBitcoin SV (BSV) $ 27.93
  • chain-2Onyxcoin (XCN) $ 0.016012
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,181.19
  • build-onBUILDon (B) $ 0.543285
  • beldexBeldex (BDX) $ 0.075822
  • coredaoorgCore (CORE) $ 0.535984
  • based-brettBrett (BRETT) $ 0.052821
  • ether-fiEther.fi (ETHFI) $ 1.21
  • keetaKeeta (KTA) $ 1.25
  • swethSwell Ethereum (SWETH) $ 4,150.27
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008501
  • arweaveArweave (AR) $ 7.60
  • true-usdTrueUSD (TUSD) $ 0.997287
  • apecoinApeCoin (APE) $ 0.616219
  • thorchainTHORChain (RUNE) $ 1.40
  • telcoinTelcoin (TEL) $ 0.005341
  • apenftAPENFT (NFT) $ 0.00000049
  • wrapped-hypeWrapped HYPE (WHYPE) $ 43.33
  • neoNEO (NEO) $ 6.50
  • starknetStarknet (STRK) $ 0.127311
  • zebec-networkZebec Network (ZBCN) $ 0.005273
  • savings-daiSavings Dai (SDAI) $ 1.16
  • frax-etherFrax Ether (FRXETH) $ 3,779.60
  • dydx-chaindYdX (DYDX) $ 0.594044
  • compound-governance-tokenCompound (COMP) $ 47.62
  • aioz-networkAIOZ Network (AIOZ) $ 0.377278
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,792.03
  • elrond-erd-2MultiversX (EGLD) $ 15.30
  • ecasheCash (XEC) $ 0.000022
  • sun-tokenSun Token (SUN) $ 0.022410
  • tokenize-xchangeTokenize Xchange (TKX) $ 5.31
  • wemix-tokenWEMIX (WEMIX) $ 0.936229
  • kavaKava (KAVA) $ 0.389819
  • treehouse-ethTreehouse ETH (TETH) $ 4,581.05
  • zksyncZKsync (ZK) $ 0.057951
  • dexeDeXe (DEXE) $ 7.33
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 69

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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