EigenLayer relaunches LST staking, TVL surpasses $12.7 billion, closely following Lido
After EigenLayer announced the reopening of staking, TVL has officially surpassed $12.7 billion, making it the second-largest protocol, second only to Lido.
How will the re-staking project EigenLayer change the Web3 infrastructure ecosystem?
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EigenLayer Removes Staking Limit
The decentralized finance protocol EigenLayer announced in the early hours of the 17th that it would remove the deposit limit for all Liquid Staking Tokens (LST) in its liquidity staking pools.
Users will now have unlimited access to EigenLayer's 11 existing liquidity staking pools, with the official statement emphasizing that the removal of the LST limit signifies a new phase for the EigenLayer ecosystem.
Earlier, EigenLayer proposed setting the reward limit for any single LST or user at 33% to ensure ecosystem balance and decentralization.
EigenLayer lifted the re-staking ban on April 17th, with the reward limit potentially set at 33%.
Unpausing starts now!
All Liquid Staking Token (LST) caps have been removed. LST restaking is now open.
Explore the uncapped LSTs or restake ETH natively through an EigenPod on the EigenLayer app at https://t.co/k9qHVJdRhlhttps://t.co/nonr4oi0Fz
— EigenLayer (@eigenlayer) April 16, 2024
EigenLayer Ranks as 2nd Largest TVL Protocol
Despite a slight decrease in its USD Total Value Locked (TVL) due to market fluctuations, EigenLayer has seen significant success in re-staking narratives and TVL since its launch at the end of 2023, now ranking as the second largest DeFi protocol.
The TVL calculated in ETH continues to show a linear upward trend, currently locking 4.12 million ETH.
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