The new staking craze of Ethereum is coming, with EigenLayer leading the way in diversification.

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Ethereum's staking sector is welcoming spring, with several potential projects worth following.

Recently, with the approval of the Bitcoin spot ETF, the benefits for Ethereum have gradually emerged. The expectations for the Ethereum spot ETF and the upcoming Cancun upgrade have injected new vitality into the long-silent Ethereum ecosystem.

In this context, the staking amount of Ethereum continues to rise, and the demand for restaking is becoming increasingly prominent. As a representative project in the restaking field, EigenLayer allows users to restake ETH, liquid staked ETH, and LP Tokens in other sidechains, oracles, middleware, and other systems, acting as nodes to earn validation rewards. This mechanism not only allows third-party projects to enjoy the security of the ETH mainnet but also brings more benefits to ETH stakers, achieving a win-win situation.

Newcomer Science Popularization | Will the Spring Breeze of the Re-staking Market Arrive? A Review of Potential Projects in the Re-staking Track

EigenLayer has attracted a large amount of funds in a short period, with a total locked value of ( TVL ) exceeding $1.6 billion, making it the 12th top protocol in the Ethereum ecosystem. Recently, EigenLayer also announced the provision of re-staking services for Cosmos sub-chains, which is of significant importance to both the Ethereum and Cosmos ecosystems.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market approaching? A review of potential projects in the re-staking track

In addition to EigenLayer, several potential projects have emerged in the staking track, mainly divided into the following categories:

  1. LSD Restaking: Re-staking liquid staking tokens ( such as stETH, cbETH) into EigenLayer.

  2. Liquid-LSD Restaking: By using protocols such as Kelp DAO, LST is delegated to the LRD protocol to be deposited into EigenLayer for restaking, allowing users to receive the liquid restaking token (LRT).

  3. Native Restaking: Validators use the EigenPod smart contract to redirect validator withdrawal receipts to EigenLayer.

  4. Liquid Native Restaking: Projects like etherf.fi or Puffer Finance that offer small ETH node services will provide the ETH within the node to EigenLayer for further staking.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market coming? A review of potential projects in the re-staking track

The staking projects for unissued tokens worth following include:

  • Kelp DAO: A multi-chain supported LSD project launched by Stader Lab.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market coming? A review of potential projects in the re-staking track

  • Swell: An established LSD protocol that recently announced its entry into the Liquid Restaking field.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market approaching? A review of potential projects in the re-staking track

  • ether.fi: A project that implements ETH staking in a decentralized, non-custodial manner.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market coming? A review of potential projects in the re-staking track

  • Renzo: Belongs to the Liquid Native Restaking type, recently completed a $3 million seed round financing.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market coming? A review of potential projects in the re-staking track

  • Puffer Finance: A liquidity staking protocol that is anti-forfeiture, has secured funding led by Jump Crypto.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market coming? Reviewing the potential projects in the re-staking track

In addition to directly participating in these projects, investors can also indirectly participate in re-staking through platforms like Pendle to obtain multiple returns. However, it is important to note that re-staking also carries potential issues such as penalty risks, centralization risks, contract risks, and the accumulation of multi-layered risks.

Newcomer Popular Science丨Is the Spring Breeze of the Re-staking Market Coming? Review of Potential Projects in the Re-staking Track

With the revival of the Ethereum ecosystem, the re-staking market is expected to welcome new development opportunities. However, investors still need to carefully assess risks and allocate assets wisely when participating.

Newcomer Science Popularization丨Is the spring breeze of the re-staking market approaching? Reviewing potential projects in the re-staking track

ETH7.78%
EIGEN2.07%
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MidnightSellervip
· 18h ago
Wow, we are finally To da moon!
View OriginalReply0
TokenRationEatervip
· 08-09 23:45
Gone, gone, it must be the market maker preparing for a Rug Pull.
View OriginalReply0
screenshot_gainsvip
· 08-09 23:44
Cancun upgraded to an experienced driver, let's go!
View OriginalReply0
FUD_Whisperervip
· 08-09 23:41
Are we going to be clipped coupons again?
View OriginalReply0
NftBankruptcyClubvip
· 08-09 23:40
Are we going to start trading eigenscam again?
View OriginalReply0
GasFeeLovervip
· 08-09 23:40
Stake is not as good as directly trading.
View OriginalReply0
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