• bitcoinBitcoin (BTC) $ 117,805.00
  • ethereumEthereum (ETH) $ 3,136.69
  • xrpXRP (XRP) $ 2.92
  • tetherTether (USDT) $ 0.999918
  • bnbBNB (BNB) $ 688.87
  • solanaSolana (SOL) $ 162.79
  • usd-coinUSDC (USDC) $ 0.999836
  • dogecoinDogecoin (DOGE) $ 0.197135
  • staked-etherLido Staked Ether (STETH) $ 3,132.59
  • tronTRON (TRX) $ 0.300802
  • cardanoCardano (ADA) $ 0.741094
  • hyperliquidHyperliquid (HYPE) $ 47.27
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,622.00
  • stellarStellar (XLM) $ 0.462324
  • suiSui (SUI) $ 3.97
  • wrapped-stethWrapped stETH (WSTETH) $ 3,786.69
  • chainlinkChainlink (LINK) $ 15.99
  • bitcoin-cashBitcoin Cash (BCH) $ 496.63
  • hedera-hashgraphHedera (HBAR) $ 0.234748
  • avalanche-2Avalanche (AVAX) $ 21.84
  • wrapped-eethWrapped eETH (WEETH) $ 3,357.30
  • leo-tokenLEO Token (LEO) $ 8.83
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • the-open-networkToncoin (TON) $ 3.12
  • wethWETH (WETH) $ 3,134.51
  • litecoinLitecoin (LTC) $ 95.70
  • usdsUSDS (USDS) $ 0.999768
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 44.43
  • polkadotPolkadot (DOT) $ 4.06
  • moneroMonero (XMR) $ 334.34
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,770.00
  • uniswapUniswap (UNI) $ 9.16
  • pepePepe (PEPE) $ 0.000013
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.61
  • aaveAave (AAVE) $ 327.65
  • bittensorBittensor (TAO) $ 437.23
  • daiDai (DAI) $ 0.999925
  • pi-networkPi Network (PI) $ 0.444789
  • aptosAptos (APT) $ 5.15
  • crypto-com-chainCronos (CRO) $ 0.107541
  • nearNEAR Protocol (NEAR) $ 2.65
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ethereum-classicEthereum Classic (ETC) $ 19.49
  • ondo-financeOndo (ONDO) $ 0.938884
  • internet-computerInternet Computer (ICP) $ 5.52
  • okbOKB (OKB) $ 47.49
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 197.90
  • algorandAlgorand (ALGO) $ 0.278695
  • bonkBonk (BONK) $ 0.000031
  • mantleMantle (MNT) $ 0.710450
  • kaspaKaspa (KAS) $ 0.088050
  • pump-funPump.fun (PUMP) $ 0.006553
  • ethenaEthena (ENA) $ 0.352621
  • usd1-wlfiUSD1 (USD1) $ 0.999779
  • arbitrumArbitrum (ARB) $ 0.433611
  • vechainVeChain (VET) $ 0.024927
  • cosmosCosmos Hub (ATOM) $ 4.65
  • sei-networkSei (SEI) $ 0.368511
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.231034
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.031851
  • render-tokenRender (RENDER) $ 3.86
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.755995
  • fasttokenFasttoken (FTN) $ 4.49
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,134.83
  • susdssUSDS (SUSDS) $ 1.06
  • gatechain-tokenGate (GT) $ 15.88
  • official-trumpOfficial Trump (TRUMP) $ 9.43
  • worldcoin-wldWorldcoin (WLD) $ 1.06
  • filecoinFilecoin (FIL) $ 2.62
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,440.00
  • skySky (SKY) $ 0.078522
  • quant-networkQuant (QNT) $ 113.21
  • binance-staked-solBinance Staked SOL (BNSOL) $ 173.08
  • jupiter-exchange-solanaJupiter (JUP) $ 0.515878
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.75
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,287.76
  • kucoin-sharesKuCoin (KCS) $ 11.62
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,573.23
  • spx6900SPX6900 (SPX) $ 1.59
  • usdtbUSDtb (USDTB) $ 0.999909
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997643
  • celestiaCelestia (TIA) $ 1.95
  • usdt0USDT0 (USDT0) $ 0.999930
  • nexoNEXO (NEXO) $ 1.31
  • story-2Story (IP) $ 4.41
  • injective-protocolInjective (INJ) $ 13.07
  • blockstackStacks (STX) $ 0.803267
  • optimismOptimism (OP) $ 0.696875
  • xdce-crowd-saleXDC Network (XDC) $ 0.076712
  • flare-networksFlare (FLR) $ 0.017342
  • fartcoinFartcoin (FARTCOIN) $ 1.19
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,293.42
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,357.40
  • sonic-3Sonic (S) $ 0.356318
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,473.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999936
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.63
  • dogwifcoindogwifhat (WIF) $ 1.05
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,307.81
  • curve-dao-tokenCurve DAO (CRV) $ 0.767271
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,385.42
  • the-graphThe Graph (GRT) $ 0.101914
  • immutable-xImmutable (IMX) $ 0.532821
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999981
  • flokiFLOKI (FLOKI) $ 0.000098
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,714.00
  • pax-goldPAX Gold (PAXG) $ 3,348.57
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 119,014.00
  • wbnbWrapped BNB (WBNB) $ 688.76
  • kaiaKaia (KAIA) $ 0.151364
  • vaultaVaulta (A) $ 0.551826
  • iotaIOTA (IOTA) $ 0.222838
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.11
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 182.82
  • paypal-usdPayPal USD (PYUSD) $ 0.999631
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.43
  • theta-tokenTheta Network (THETA) $ 0.824323
  • tether-goldTether Gold (XAUT) $ 3,338.31
  • msolMarinade Staked SOL (MSOL) $ 212.91
  • lido-daoLido DAO (LDO) $ 0.901934
  • jasmycoinJasmyCoin (JASMY) $ 0.016695
  • galaGALA (GALA) $ 0.017487
  • raydiumRaydium (RAY) $ 2.89
  • the-sandboxThe Sandbox (SAND) $ 0.311757
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.34
  • aerodrome-financeAerodrome Finance (AERO) $ 0.855539
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • saros-financeSaros (SAROS) $ 0.272352
  • zcashZcash (ZEC) $ 44.12
  • ousgOUSG (OUSG) $ 111.81
  • pyth-networkPyth Network (PYTH) $ 0.121476
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,358.07
  • super-oethSuper OETH (SUPEROETH) $ 3,134.82
  • tezosTezos (XTZ) $ 0.649073
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998173
  • jito-governance-tokenJito (JTO) $ 1.89
  • pendlePendle (PENDLE) $ 4.03
  • memecoreMemeCore (M) $ 0.401643
  • falcon-financeFalcon USD (USDF) $ 0.999826
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,277.37
  • morphoMorpho (MORPHO) $ 2.04
  • chain-2Onyxcoin (XCN) $ 0.018758
  • tbtctBTC (TBTC) $ 117,354.00
  • walrus-2Walrus (WAL) $ 0.461832
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • flowFlow (FLOW) $ 0.396745
  • mog-coinMog Coin (MOG) $ 0.000002
  • decentralandDecentraland (MANA) $ 0.314024
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,133.56
  • telcoinTelcoin (TEL) $ 0.006474
  • newton-projectAB (AB) $ 0.008723
  • usual-usdUsual USD (USD0) $ 0.997773
  • bitcoin-svBitcoin SV (BSV) $ 29.20
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 116,692.00
  • heliumHelium (HNT) $ 3.09
  • based-brettBrett (BRETT) $ 0.056412
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,720.00
  • coredaoorgCore (CORE) $ 0.547867
  • thorchainTHORChain (RUNE) $ 1.56
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.20
  • apecoinApeCoin (APE) $ 0.665946
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,134.66
  • beldexBeldex (BDX) $ 0.073775
  • conflux-tokenConflux (CFX) $ 0.102879
  • staked-hypeStaked HYPE (STHYPE) $ 47.06
  • starknetStarknet (STRK) $ 0.143539
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • usddUSDD (USDD) $ 0.999933
  • build-onBUILDon (B) $ 0.497805
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.197414
  • syrupMaple Finance (SYRUP) $ 0.467515
  • savings-daiSavings Dai (SDAI) $ 1.16
  • 1inch1inch (1INCH) $ 0.361773
  • true-usdTrueUSD (TUSD) $ 0.997200
  • stader-ethxStader ETHx (ETHX) $ 3,335.47
  • arweaveArweave (AR) $ 7.38
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008237
  • dydx-chaindYdX (DYDX) $ 0.637702
  • venomVenom (VENOM) $ 0.230069
  • deepDeepBook (DEEP) $ 0.189101
  • compound-governance-tokenCompound (COMP) $ 49.82
  • kavaKava (KAVA) $ 0.429827
  • aioz-networkAIOZ Network (AIOZ) $ 0.389972
  • ether-fiEther.fi (ETHFI) $ 1.22
  • neoNEO (NEO) $ 6.49
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,459.92
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.44
  • elrond-erd-2MultiversX (EGLD) $ 15.86
  • apenftAPENFT (NFT) $ 0.00000045
  • ecasheCash (XEC) $ 0.000022
  • zksyncZKsync (ZK) $ 0.059077
  • dexeDeXe (DEXE) $ 7.52
  • axie-infinityAxie Infinity (AXS) $ 2.55
  • swethSwell Ethereum (SWETH) $ 3,432.03
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004137
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 45

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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