Lưu trữ cho từ khóa: Liquid Staking

DeFi

UTONIC Protocol secures $100m TVL for TON’s first restaking solution

Để lại phản hồi

UTONIC Protocol, a restaking solution on The Open Network (TON), has secured $100 million in total value locked from investors, validators and institutions.

The protocol, backed by several leading players in the crypto restaking ecosystem, offers a marketplace where projects can incentivize users by rewarding them for allocating their staked Toncoin (TON) in The Open Network ecosystem.

UTONIC aims to expand the decentralized finance ecosystem on TON, a blockchain ecosystem gaining significant traction with the launch of tap-to-earn games.

Bringing restaking benefits to TON holders

UTONIC outlines three ways through which restakers of TON can join and contribute to TON’s decentralization and shared security. Users can leverage their staked Toncoin to support the ecosystem and earn yield through native validator rewards, actively validated services and farming.

Native restaking allows TON holders to deposit their tokens into UTONIC smart contracts, with these assets used for staking. Users can also deposit their liquid staking tokens into UTONIC smart contracts. The LSTs are restaked on UTONIC, and the native liquid restaking token uTON is minted to allow participation in DeFi.

UTONIC empowers users to repurpose their staked TON, extending the blockchain’s security to additional applications. By reallocating staked assets, users can secure Actively Validated Services within UTONIC while consenting to grant additional enforcement rights over their staked assets.

UTONIC

This should see TON’s burgeoning DeFi ecosystem benefit from shared security, a scenario that will boost network growth. Projects set to benefit from this include cross-chain bridges, sidechains and oracle networks.

UTONIC has partnerships and technical support from top restaking platforms such as InfStones, TonStake, iZUMi Finance, Satlayer and Stakestone.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Phân tích

EIGEN futures rise ahead of EigenLayer season 2 stakedrop

Để lại phản hồi

EigenLayer’s pre-market futures have bounced back after falling to a record low of $2.17 last week.

EigenLayer (EIGEN) rose to an intraday high of $2.73, up by over 25% from its lowest level on Sep. 7. However, it remains 30% below its all-time high.

OKX’s pre-market futures allow people to trade tokens before they are airdropped. These futures often have thin volumes, making them highly volatile, and their price action does not typically predict what will happen when the airdrop occurs.

The rebound came after the EigenLayer Foundation announced details of the second season of its stakedrop, set to begin on Sep. 17. The first season of the airdrop ended on Sep. 7.

This season will see 70 million EIGEN tokens allocated to stakers and operators with up to 10 million tokens going to ecosystem partners. Six million tokens will be allocated to the community, including open-source contributors and early supporters, while the remaining tokens will go to Protocol Guild.

EigenLayer has become one of the biggest players in the crypto industry, where it offers staking solutions. Data by DeFi Llama shows that it has become the second-biggest player in the DeFi industry with over $10.9 billion in total value locked.

Restaking is a technology that allows Ethereum (ETH) stakers to reuse their tokens across other protocols. In addition to EigenLayer, other popular liquid staking solutions in the crypto industry include Symbiotic, Puffer Finance, and Renzo.

EigenLayer’s price during its airdrop is still unknown, but analysts expect it to be one of the biggest listings of the year. A Polymarket poll with $1.9 million in assets estimates that EigenLayer will have a fully diluted market cap of less than $10 billion.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

DeFi

Renzo Protocol launches Solana’s first liquid restaking token on Jito

Để lại phản hồi

Renzo Protocol is expanding its liquid restaking expertise to the Jito ecosystem on Solana.

According to an announcement on Aug. 14, Protocol revealed it was launching ezSOL, the first liquid restaking token on Solana (SOL).

Having made inroads in the decentralized finance world with liquid restaking expertise for Ethereum (ETH)-based protocols EigenLayer and Symbiotic, Renzo is now taking the LRT market further forward with ezSOL on the Jito (JTO) Network.

ezSOL joins ezETH and pzETH, the LRTs on EigenLayer and Symbiotic, respectively.

The launch of the new liquid restaking token is in collaboration with the Jito Foundation.

What’s the big deal?

Renzo is Ethereum’s third-largest liquid restaking protocol by total value locked. According to DeFiLlama, Renzo’s TVL is currently over $1.29 billion, trailing Puffer Finance with over $1.33 billion and ether.fi with over $5 billion.

Meanwhile, Jito Network is a platform that allows users to earn from maximum extractable value (MEV) and decentralized finance (DeFi) protocols on Solana. This focus on MEV and DeFi is powered by JitoSOL, the largest liquid staking token in the Solana ecosystem.

Renzo seeks to bring maximum value for these stakers, and the restaking option offers just that. The expansion will enable JitoSOL holders to mint ezSOL using their JitoSOL tokens, allowing them to benefit from the compounding of rewards across staking, restaking, and MEV extraction.

Additional usability for SOL in DeFi

Apart from boosting network liquidity, ezSOL unlocks new DeFi opportunities for the community, including lending, automated market making, and aggregators.

The LRT token will help power all these strategies, providing capital efficiency while allowing users to retain their exposure to restaking. Renzo says this composability will bolster the overall flexibility and usability of Solana’s native token, SOL.

Using ezSOL on Solana will benefit from the blockchain network’s low fees and fast transaction settlement.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Altcoin

Ethereum restaker Renzo reports breached Discord

Để lại phản hồi

Renzo, an Ethereum liquid restaking platform, was the latest defi operator to report a compromise as of July 22. 

According to a community alert, rogue actors hijacked the Renzo Protocol Discord server on Monday and posted malicious links in an apparent phishing exploit. Renzo warned members to refrain from interacting with posts or messages sent by anyone until further notice. At press time, it was unclear if users suffered any losses or if hackers stole any funds. 

Renzo’s native token, REZ, was unaffected by the news. The cryptocurrency showed a slight 0.7% shift to the upside, while several digital assets logged modest slumps. 

Liquid restaking (LST) protocols hold over $14 billion in user deposits per DefiLlama. Such platforms gained popularity due to discourse around EigenLayer, a defi tool that allowed users to earn additional yield and secure other networks using staked Ether (stETH). 

Despite a 44% decline in the past 30 days, Renzo is still the second-largest liquid restaking provider in the market. 

Bad actors target Renzo and defi

The LST platform is one of many defi solutions faced with an onslaught of hacking attempts. Late last year, scammers stole nearly $1 million via a fake Across Protocol Discord server. 

Bad actors mimicked CertiK’s Discord link for a phishing campaign, and criminals stole over $6 million in crypto using social media platforms like X last September. More recently, hackers targeted defi domains in a widespread attack on registrar Squarespace. Top protocols Celer Network and Compound Finance were impacted before the issue was resolved.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News