• bitcoinBitcoin (BTC) $ 83,173.00
  • ethereumEthereum (ETH) $ 1,580.96
  • tetherTether (USDT) $ 0.999815
  • xrpXRP (XRP) $ 2.10
  • bnbBNB (BNB) $ 581.55
  • solanaSolana (SOL) $ 125.77
  • usd-coinUSDC (USDC) $ 0.999964
  • dogecoinDogecoin (DOGE) $ 0.161929
  • tronTRON (TRX) $ 0.252442
  • cardanoCardano (ADA) $ 0.634778
  • staked-etherLido Staked Ether (STETH) $ 1,578.10
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 83,280.00
  • leo-tokenLEO Token (LEO) $ 9.38
  • avalanche-2Avalanche (AVAX) $ 19.49
  • chainlinkChainlink (LINK) $ 12.51
  • stellarStellar (XLM) $ 0.238192
  • suiSui (SUI) $ 2.21
  • usdsUSDS (USDS) $ 1.00
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • the-open-networkToncoin (TON) $ 2.85
  • hedera-hashgraphHedera (HBAR) $ 0.164187
  • wrapped-stethWrapped stETH (WSTETH) $ 1,912.02
  • bitcoin-cashBitcoin Cash (BCH) $ 340.59
  • litecoinLitecoin (LTC) $ 77.25
  • polkadotPolkadot (DOT) $ 3.68
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999174
  • bitget-tokenBitget Token (BGB) $ 4.27
  • hyperliquidHyperliquid (HYPE) $ 15.11
  • ethena-usdeEthena USDe (USDE) $ 0.999375
  • pi-networkPi Network (PI) $ 0.720888
  • wethWETH (WETH) $ 1,595.77
  • whitebitWhiteBIT Coin (WBT) $ 27.73
  • moneroMonero (XMR) $ 203.45
  • wrapped-eethWrapped eETH (WEETH) $ 1,688.88
  • uniswapUniswap (UNI) $ 5.31
  • okbOKB (OKB) $ 52.95
  • daiDai (DAI) $ 0.999889
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 83,115.00
  • pepePepe (PEPE) $ 0.000007
  • aptosAptos (APT) $ 4.84
  • gatechain-tokenGate (GT) $ 22.37
  • ondo-financeOndo (ONDO) $ 0.855785
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.58
  • nearNEAR Protocol (NEAR) $ 2.12
  • susdssUSDS (SUSDS) $ 1.05
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 5.00
  • crypto-com-chainCronos (CRO) $ 0.084774
  • mantleMantle (MNT) $ 0.688285
  • ethereum-classicEthereum Classic (ETC) $ 15.19
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • aaveAave (AAVE) $ 138.21
  • bittensorBittensor (TAO) $ 241.73
  • vechainVeChain (VET) $ 0.022555
  • render-tokenRender (RENDER) $ 3.72
  • kaspaKaspa (KAS) $ 0.072579
  • cosmosCosmos Hub (ATOM) $ 4.09
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997833
  • ethenaEthena (ENA) $ 0.311535
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 83,145.00
  • fasttokenFasttoken (FTN) $ 4.04
  • official-trumpOfficial Trump (TRUMP) $ 8.27
  • filecoinFilecoin (FIL) $ 2.48
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184820
  • algorandAlgorand (ALGO) $ 0.181366
  • sonic-3Sonic (prev. FTM) (S) $ 0.484854
  • celestiaCelestia (TIA) $ 2.40
  • arbitrumArbitrum (ARB) $ 0.299009
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.71
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 83,263.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.500894
  • kucoin-sharesKuCoin (KCS) $ 10.26
  • xdce-crowd-saleXDC Network (XDC) $ 0.078854
  • makerMaker (MKR) $ 1,346.91
  • flare-networksFlare (FLR) $ 0.017470
  • optimismOptimism (OP) $ 0.671502
  • jupiter-exchange-solanaJupiter (JUP) $ 0.384320
  • story-2Story (IP) $ 3.92
  • binance-staked-solBinance Staked SOL (BNSOL) $ 132.11
  • usdt0USDT0 (USDT0) $ 0.999669
  • bonkBonk (BONK) $ 0.000013
  • nexoNEXO (NEXO) $ 1.01
  • quant-networkQuant (QNT) $ 66.69
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,578.79
  • worldcoin-wldWorldcoin (WLD) $ 0.738415
  • blockstackStacks (STX) $ 0.612429
  • eosEOS (EOS) $ 0.611590
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,656.64
  • sei-networkSei (SEI) $ 0.173685
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999902
  • dexeDeXe (DEXE) $ 14.76
  • paypal-usdPayPal USD (PYUSD) $ 0.999683
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999870
  • fartcoinFartcoin (FARTCOIN) $ 0.793369
  • tether-goldTether Gold (XAUT) $ 3,248.69
  • injective-protocolInjective (INJ) $ 8.03
  • curve-dao-tokenCurve DAO (CRV) $ 0.589175
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,794.97
  • jasmycoinJasmyCoin (JASMY) $ 0.015626
  • the-graphThe Graph (GRT) $ 0.078849
  • immutable-xImmutable (IMX) $ 0.416259
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 82,888.00
  • movementMovement (MOVE) $ 0.301163
  • pax-goldPAX Gold (PAXG) $ 3,258.76
  • wbnbWrapped BNB (WBNB) $ 581.22
  • theta-tokenTheta Network (THETA) $ 0.709478
  • usual-usdUsual USD (USD0) $ 0.998003
  • mantra-daoMANTRA (OM) $ 1.03
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 83,056.00
  • heliumHelium (HNT) $ 3.63
  • chain-2Onyxcoin (XCN) $ 0.019281
  • lido-daoLido DAO (LDO) $ 0.712360
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • galaGALA (GALA) $ 0.014406
  • the-sandboxThe Sandbox (SAND) $ 0.255710
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997761
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,677.87
  • iotaIOTA (IOTA) $ 0.161363
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 138.13
  • msolMarinade Staked SOL (MSOL) $ 161.51
  • kaiaKaia (KAIA) $ 0.098056
  • walrus-2Walrus (WAL) $ 0.458633
  • bitcoin-svBitcoin SV (BSV) $ 28.01
  • flokiFLOKI (FLOKI) $ 0.000057
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.87
  • flowFlow (FLOW) $ 0.349440
  • raydiumRaydium (RAY) $ 1.87
  • jito-governance-tokenJito (JTO) $ 1.68
  • honey-3Honey (HONEY) $ 0.999110
  • pendlePendle (PENDLE) $ 3.23
  • tezosTezos (XTZ) $ 0.499332
  • zcashZcash (ZEC) $ 32.26
  • coredaoorgCore (CORE) $ 0.511623
  • true-usdTrueUSD (TUSD) $ 0.997769
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,661.38
  • decentralandDecentraland (MANA) $ 0.260656
  • spx6900SPX6900 (SPX) $ 0.510746
  • pyth-networkPyth Network (PYTH) $ 0.130910
  • pumpbtcpumpBTC (PUMPBTC) $ 81,468.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.23
  • beldexBeldex (BDX) $ 0.068327
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999984
  • kavaKava (KAVA) $ 0.419253
  • dogwifcoindogwifhat (WIF) $ 0.450396
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • telcoinTelcoin (TEL) $ 0.004705
  • apenftAPENFT (NFT) $ 0.00000043
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 83,087.00
  • berachain-beraBerachain (BERA) $ 3.90
  • dydx-chaindYdX (DYDX) $ 0.545348
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.161638
  • clbtcclBTC (CLBTC) $ 82,560.00
  • solayerSolayer (LAYER) $ 1.97
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007284
  • grassGrass (GRASS) $ 1.49
  • usdbUSDB (USDB) $ 0.998205
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • thorchainTHORChain (RUNE) $ 1.14
  • elrond-erd-2MultiversX (EGLD) $ 13.86
  • ousgOUSG (OUSG) $ 110.66
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,646.70
  • ecasheCash (XEC) $ 0.000019
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,676.33
  • resolv-usrResolv USR (USR) $ 0.999900
  • tbtctBTC (TBTC) $ 83,000.00
  • neoNEO (NEO) $ 5.25
  • olympusOlympus (OHM) $ 22.53
  • compound-governance-tokenCompound (COMP) $ 40.47
  • starknetStarknet (STRK) $ 0.124389
  • axie-infinityAxie Infinity (AXS) $ 2.25
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.551923
  • chilizChiliz (CHZ) $ 0.037463
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999976
  • conflux-tokenConflux (CFX) $ 0.069096
  • ubtcuBTC (UBTC) $ 77,106.00
  • arweaveArweave (AR) $ 5.33
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999347
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,579.11
  • super-oethSuper OETH (SUPEROETHB) $ 1,580.26
  • aerodrome-financeAerodrome Finance (AERO) $ 0.420639
  • apecoinApeCoin (APE) $ 0.421563
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,578.28
  • saros-financeSaros (SAROS) $ 0.125774
  • wemix-tokenWEMIX (WEMIX) $ 0.782175
  • wormholeWormhole (W) $ 0.071828
  • matic-networkPolygon (MATIC) $ 0.185074
  • based-brettBrett (BRETT) $ 0.032111
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.997399
  • roninRonin (RON) $ 0.514985
  • usddUSDD (USDD) $ 0.999661
  • fraxFrax (FRAX) $ 0.999546
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.763265
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.005010
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000058
  • babylonBabylon (BABY) $ 0.136204
  • plumePlume (PLUME) $ 0.155012
  • aioz-networkAIOZ Network (AIOZ) $ 0.265503
  • infrared-beraInfrared Bera (IBERA) $ 3.89
  • justJUST (JST) $ 0.031058
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 28

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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