• bitcoinBitcoin (BTC) $ 90,791.00
  • ethereumEthereum (ETH) $ 2,991.10
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.19
  • bnbBNB (BNB) $ 872.32
  • usd-coinUSDC (USDC) $ 0.999710
  • solanaWrapped SOL (SOL) $ 135.80
  • tronTRON (TRX) $ 0.280073
  • staked-etherLido Staked Ether (STETH) $ 2,990.08
  • dogecoinDogecoin (DOGE) $ 0.148885
  • cardanoCardano (ADA) $ 0.416537
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • whitebitWhiteBIT Coin (WBT) $ 58.50
  • wrapped-stethWrapped stETH (WSTETH) $ 3,648.96
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 90,496.00
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,241.39
  • bitcoin-cashBitcoin Cash (BCH) $ 520.56
  • usdsUSDS (USDS) $ 0.999754
  • hyperliquidHyperliquid (HYPE) $ 33.45
  • leo-tokenLEO Token (LEO) $ 9.85
  • chainlinkChainlink (LINK) $ 13.00
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • stellarStellar (XLM) $ 0.253013
  • wethWETH (WETH) $ 2,990.80
  • wrapped-eethWrapped eETH (WEETH) $ 3,236.06
  • moneroMonero (XMR) $ 415.01
  • zcashZcash (ZEC) $ 456.68
  • ethena-usdeEthena USDe (USDE) $ 0.999300
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 90,826.00
  • litecoinLitecoin (LTC) $ 83.77
  • hedera-hashgraphHedera (HBAR) $ 0.142997
  • avalanche-2Avalanche (AVAX) $ 14.00
  • suiSui (SUI) $ 1.50
  • shiba-inuShiba Inu (SHIB) $ 0.000008
  • daiDai (DAI) $ 0.999933
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.159558
  • susdssUSDS (SUSDS) $ 1.08
  • crypto-com-chainCronos (CRO) $ 0.107477
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • the-open-networkToncoin (TON) $ 1.56
  • paypal-usdPayPal USD (PYUSD) $ 0.999462
  • uniswapUniswap (UNI) $ 6.06
  • polkadotPolkadot (DOT) $ 2.25
  • usdt0USDT0 (USDT0) $ 1.00
  • mantleMantle (MNT) $ 1.08
  • canton-networkCanton (CC) $ 0.085365
  • bittensorBittensor (TAO) $ 293.98
  • aaveAave (AAVE) $ 184.57
  • usd1-wlfiUSD1 (USD1) $ 0.999373
  • bitget-tokenBitget Token (BGB) $ 3.61
  • nearNEAR Protocol (NEAR) $ 1.84
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • okbOKB (OKB) $ 105.14
  • tether-goldTether Gold (XAUT) $ 4,215.18
  • falcon-financeFalcon USD (USDF) $ 0.999174
  • internet-computerInternet Computer (ICP) $ 3.99
  • memecoreMemeCore (M) $ 1.26
  • ethenaEthena (ENA) $ 0.289935
  • ethereum-classicEthereum Classic (ETC) $ 13.73
  • aster-2Aster (ASTER) $ 1.05
  • pi-networkPi Network (PI) $ 0.247561
  • pepePepe (PEPE) $ 0.000005
  • jito-staked-solJito Staked SOL (JITOSOL) $ 169.06
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,990.63
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.67
  • pump-funPump.fun (PUMP) $ 0.002858
  • htx-daoHTX DAO (HTX) $ 0.000002
  • rainRain (RAIN) $ 0.006888
  • ondo-financeOndo (ONDO) $ 0.509903
  • kaspaKaspa (KAS) $ 0.056187
  • aptosAptos (APT) $ 2.02
  • worldcoin-wldWorldcoin (WLD) $ 0.626303
  • quant-networkQuant (QNT) $ 98.87
  • pax-goldPAX Gold (PAXG) $ 4,249.15
  • kucoin-sharesKuCoin (KCS) $ 10.90
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.133301
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.14
  • usdtbUSDtb (USDTB) $ 1.00
  • bfusdBFUSD (BFUSD) $ 0.999107
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999717
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,435.35
  • ripple-usdRipple USD (RLUSD) $ 0.999835
  • hash-2Provenance Blockchain (HASH) $ 0.023983
  • global-dollarGlobal Dollar (USDG) $ 0.999673
  • algorandAlgorand (ALGO) $ 0.138653
  • skySky (SKY) $ 0.053250
  • wbnbWrapped BNB (WBNB) $ 872.08
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • arbitrumArbitrum (ARB) $ 0.215265
  • gatechain-tokenGate (GT) $ 10.27
  • official-trumpOfficial Trump (TRUMP) $ 6.01
  • flare-networksFlare (FLR) $ 0.015003
  • filecoinFilecoin (FIL) $ 1.62
  • cosmosCosmos Hub (ATOM) $ 2.42
  • binance-staked-solBinance Staked SOL (BNSOL) $ 147.46
  • vechainVeChain (VET) $ 0.013315
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,166.34
  • ignition-fbtcFunction FBTC (FBTC) $ 89,910.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 90,907.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,200.68
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 90,688.00
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.10
  • xdce-crowd-saleXDC Network (XDC) $ 0.053234
  • nexoNEXO (NEXO) $ 0.966465
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.68
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.91
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996608
  • render-tokenRender (RENDER) $ 1.75
  • sei-networkSei (SEI) $ 0.136027
  • story-2Story (IP) $ 2.42
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.35
  • bonkBonk (BONK) $ 0.000010
  • morphoMorpho (MORPHO) $ 1.48
  • jupiter-exchange-solanaJupiter (JUP) $ 0.246577
  • ousgOUSG (OUSG) $ 113.47
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,238.85
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,183.02
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 90,571.00
  • dashDash (DASH) $ 56.16
  • clbtcclBTC (CLBTC) $ 90,635.00
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010791
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.255348
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 156.62
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999708
  • usdaiUSDai (USDAI) $ 1.00
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999674
  • spx6900SPX6900 (SPX) $ 0.664659
  • optimismOptimism (OP) $ 0.325302
  • beldexBeldex (BDX) $ 0.082451
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.929701
  • aerodrome-financeAerodrome Finance (AERO) $ 0.673766
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,112.57
  • curve-dao-tokenCurve DAO (CRV) $ 0.421176
  • starknetStarknet (STRK) $ 0.132103
  • injective-protocolInjective (INJ) $ 5.88
  • lido-daoLido DAO (LDO) $ 0.646339
  • blockstackStacks (STX) $ 0.313806
  • tbtctBTC (TBTC) $ 90,609.00
  • msolMarinade Staked SOL (MSOL) $ 182.08
  • usual-usdUsual USD (USD0) $ 0.998677
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,991.50
  • newton-projectAB (AB) $ 0.006018
  • celestiaCelestia (TIA) $ 0.631249
  • the-graphThe Graph (GRT) $ 0.050107
  • tezosTezos (XTZ) $ 0.489894
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,990.79
  • telcoinTelcoin (TEL) $ 0.005418
  • usddUSDD (USDD) $ 1.00
  • myx-financeMYX Finance (MYX) $ 2.61
  • true-usdTrueUSD (TUSD) $ 0.996666
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,460.42
  • ether-fiEther.fi (ETHFI) $ 0.800916
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.997565
  • ultimaUltima (ULTIMA) $ 4,771.77
  • iotaIOTA (IOTA) $ 0.111737
  • gtethGTETH (GTETH) $ 2,989.70
  • kaiaKaia (KAIA) $ 0.078498
  • flokiFLOKI (FLOKI) $ 0.000048
  • stader-ethxStader ETHx (ETHX) $ 3,215.92
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.21
  • ethereum-name-serviceEthereum Name Service (ENS) $ 11.49
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,159.06
  • pyth-networkPyth Network (PYTH) $ 0.074666
  • pendlePendle (PENDLE) $ 2.60
  • lorenzo-wrapped-bitcoinLorenzo Wrapped Bitcoin (ENZOBTC) $ 90,454.00
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • ghoGHO (GHO) $ 1.00
  • bitcoin-svBitcoin SV (BSV) $ 20.75
  • bittorrentBitTorrent (BTT) $ 0.00000042
  • conflux-tokenConflux (CFX) $ 0.079418
  • plasmaPlasma (XPL) $ 0.206337
  • usdbUSDB (USDB) $ 0.997314
  • decredDecred (DCR) $ 23.51
  • sonic-3Sonic (S) $ 0.106233
  • the-sandboxThe Sandbox (SAND) $ 0.153625
  • basic-attention-tokenBasic Attention (BAT) $ 0.269817
  • sun-tokenSun Token (SUN) $ 0.020759
  • justJUST (JST) $ 0.040197
  • sbtc-2sBTC (SBTC) $ 90,507.00
  • swethSwell Ethereum (SWETH) $ 3,270.33
  • heliumHelium (HNT) $ 2.10
  • apenftAINFT (NFT) $ 0.00000039
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,308.74
  • doublezeroDoubleZero (2Z) $ 0.110944
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.148830
  • merlin-chainMerlin Chain (MERL) $ 0.356792
  • flowFlow (FLOW) $ 0.230706
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 90,612.00
  • dogwifcoindogwifhat (WIF) $ 0.373964
  • olympusOlympus (OHM) $ 22.49
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,990.71
  • ape-and-pepeApe and Pepe (APEPE) $ 0.000002
  • tominetTOMI (TOMI) $ 0.000006
  • fasttokenFasttoken (FTN) $ 0.827979
  • galaGALA (GALA) $ 0.007592
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 17.26
  • jasmycoinJasmyCoin (JASMY) $ 0.007154
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 85

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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