• bitcoinBitcoin (BTC) $ 112,747.00
  • ethereumEthereum (ETH) $ 4,129.27
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 1,220.81
  • xrpXRP (XRP) $ 2.52
  • solanaSolana (SOL) $ 203.82
  • usd-coinUSDC (USDC) $ 0.999805
  • staked-etherLido Staked Ether (STETH) $ 4,128.91
  • dogecoinDogecoin (DOGE) $ 0.204616
  • tronTRON (TRX) $ 0.318017
  • cardanoCardano (ADA) $ 0.702454
  • wrapped-stethWrapped stETH (WSTETH) $ 5,027.61
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,453.53
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 112,964.00
  • chainlinkChainlink (LINK) $ 19.17
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.998745
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 4,458.85
  • hyperliquidHyperliquid (HYPE) $ 40.65
  • stellarStellar (XLM) $ 0.337412
  • bitcoin-cashBitcoin Cash (BCH) $ 535.50
  • suiSui (SUI) $ 2.85
  • avalanche-2Avalanche (AVAX) $ 22.95
  • wethWETH (WETH) $ 4,128.87
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • leo-tokenLEO Token (LEO) $ 9.63
  • usdsUSDS (USDS) $ 0.999925
  • hedera-hashgraphHedera (HBAR) $ 0.187183
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 112,813.00
  • usdt0USDT0 (USDT0) $ 1.00
  • litecoinLitecoin (LTC) $ 96.18
  • mantleMantle (MNT) $ 1.97
  • shiba-inuShiba Inu (SHIB) $ 0.000011
  • whitebitWhiteBIT Coin (WBT) $ 42.84
  • the-open-networkToncoin (TON) $ 2.30
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • crypto-com-chainCronos (CRO) $ 0.163612
  • moneroMonero (XMR) $ 309.51
  • polkadotPolkadot (DOT) $ 3.26
  • daiDai (DAI) $ 0.999401
  • bittensorBittensor (TAO) $ 464.94
  • zcashZcash (ZEC) $ 253.61
  • uniswapUniswap (UNI) $ 6.79
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.147034
  • aaveAave (AAVE) $ 253.12
  • okbOKB (OKB) $ 181.53
  • memecoreMemeCore (M) $ 2.08
  • bitget-tokenBitget Token (BGB) $ 4.83
  • pepePepe (PEPE) $ 0.000007
  • ethenaEthena (ENA) $ 0.437281
  • nearNEAR Protocol (NEAR) $ 2.49
  • jito-staked-solJito Staked SOL (JITOSOL) $ 251.60
  • aster-2Aster (ASTER) $ 1.46
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • susdssUSDS (SUSDS) $ 1.07
  • aptosAptos (APT) $ 3.69
  • ethereum-classicEthereum Classic (ETC) $ 16.95
  • paypal-usdPayPal USD (PYUSD) $ 0.999740
  • c1usdCurrency One USD (C1USD) $ 1.00
  • ondo-financeOndo (ONDO) $ 0.802545
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,136.62
  • falcon-financeFalcon USD (USDF) $ 0.997414
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.62
  • story-2Story (IP) $ 6.83
  • worldcoin-wldWorldcoin (WLD) $ 0.968832
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.200737
  • binance-staked-solBinance Staked SOL (BNSOL) $ 218.84
  • gatechain-tokenGate (GT) $ 16.39
  • internet-computerInternet Computer (ICP) $ 3.58
  • htx-daoHTX DAO (HTX) $ 0.000002
  • arbitrumArbitrum (ARB) $ 0.345200
  • kucoin-sharesKuCoin (KCS) $ 14.35
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,726.80
  • usdtbUSDtb (USDTB) $ 1.00
  • hash-2Provenance Blockchain (HASH) $ 0.036122
  • algorandAlgorand (ALGO) $ 0.204799
  • chainopera-aiChainOpera AI (COAI) $ 9.14
  • pi-networkPi Network (PI) $ 0.216161
  • bfusdBFUSD (BFUSD) $ 1.00
  • vechainVeChain (VET) $ 0.019312
  • kaspaKaspa (KAS) $ 0.061820
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,364.19
  • wbnbWrapped BNB (WBNB) $ 1,222.12
  • cosmosCosmos Hub (ATOM) $ 3.48
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 40.54
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.025005
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,361.74
  • tether-goldTether Gold (XAUT) $ 4,143.59
  • render-tokenRender (RENDER) $ 2.87
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,457.11
  • pump-funPump.fun (PUMP) $ 0.004167
  • skySky (SKY) $ 0.063019
  • flare-networksFlare (FLR) $ 0.019049
  • sei-networkSei (SEI) $ 0.226136
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 112,848.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,381.78
  • quant-networkQuant (QNT) $ 90.37
  • pax-goldPAX Gold (PAXG) $ 4,164.16
  • official-trumpOfficial Trump (TRUMP) $ 6.33
  • bonkBonk (BONK) $ 0.000016
  • nexoNEXO (NEXO) $ 1.22
  • jupiter-exchange-solanaJupiter (JUP) $ 0.378531
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.48
  • filecoinFilecoin (FIL) $ 1.68
  • syrupusdcSyrup USDC (SYRUPUSDC) $ 1.13
  • spx6900SPX6900 (SPX) $ 1.23
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 112,545.00
  • immutable-xImmutable (IMX) $ 0.569455
  • xdce-crowd-saleXDC Network (XDC) $ 0.060729
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997064
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,442.42
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 233.00
  • doublezeroDoubleZero (2Z) $ 0.291035
  • morphoMorpho (MORPHO) $ 1.91
  • injective-protocolInjective (INJ) $ 9.64
  • celestiaCelestia (TIA) $ 1.15
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 113,092.00
  • clbtcclBTC (CLBTC) $ 116,304.00
  • solmevSolMev (SN116) $ 2,398.72
  • fasttokenFasttoken (FTN) $ 2.02
  • lido-daoLido DAO (LDO) $ 0.974573
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.330521
  • optimismOptimism (OP) $ 0.483921
  • msolMarinade Staked SOL (MSOL) $ 271.06
  • blockstackStacks (STX) $ 0.471665
  • curve-dao-tokenCurve DAO (CRV) $ 0.599213
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • plasmaPlasma (XPL) $ 0.457386
  • aerodrome-financeAerodrome Finance (AERO) $ 0.901502
  • ousgOUSG (OUSG) $ 112.92
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,924.10
  • sonic-3Sonic (S) $ 0.203537
  • global-dollarGlobal Dollar (USDG) $ 0.999989
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,132.80
  • the-graphThe Graph (GRT) $ 0.070181
  • pyth-networkPyth Network (PYTH) $ 0.125120
  • flokiFLOKI (FLOKI) $ 0.000075
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.85
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998280
  • saros-financeSaros (SAROS) $ 0.259586
  • havvenSynthetix (SNX) $ 1.99
  • kaiaKaia (KAIA) $ 0.114382
  • tezosTezos (XTZ) $ 0.626162
  • tbtctBTC (TBTC) $ 112,679.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,135.26
  • ether-fiEther.fi (ETHFI) $ 1.27
  • aethirAethir (ATH) $ 0.045406
  • gtethGTETH (GTETH) $ 4,126.87
  • stader-ethxStader ETHx (ETHX) $ 4,428.83
  • pendlePendle (PENDLE) $ 3.72
  • newton-projectAB (AB) $ 0.007587
  • iotaIOTA (IOTA) $ 0.152450
  • myx-financeMYX Finance (MYX) $ 3.20
  • conflux-tokenConflux (CFX) $ 0.118949
  • usdaiUSDai (USDAI) $ 1.03
  • beldexBeldex (BDX) $ 0.079390
  • dogwifcoindogwifhat (WIF) $ 0.585304
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.38
  • dashDash (DASH) $ 46.17
  • theta-tokenTheta Network (THETA) $ 0.574203
  • ethereum-name-serviceEthereum Name Service (ENS) $ 17.04
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,549.57
  • galaGALA (GALA) $ 0.012069
  • the-sandboxThe Sandbox (SAND) $ 0.225624
  • usual-usdUsual USD (USD0) $ 0.998322
  • raydiumRaydium (RAY) $ 2.05
  • starknetStarknet (STRK) $ 0.127561
  • swethSwell Ethereum (SWETH) $ 4,530.13
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,115.35
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.833407
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,447.37
  • swissborgSwissBorg (BORG) $ 0.547977
  • jasmycoinJasmyCoin (JASMY) $ 0.011057
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 112,849.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.204827
  • decentralandDecentraland (MANA) $ 0.273509
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.37
  • rna-2RNA (SN117) $ 4,708.96
  • bittorrentBitTorrent (BTT) $ 0.00000052
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.01
  • vaultaVaulta (A) $ 0.315644
  • astherus-staked-bnbAster Staked BNB (ASBNB) $ 1,288.57
  • arbitrum-bridged-wrapped-eethArbitrum Bridged Wrapped eETH (Arbitrum) (WEETH) $ 4,453.70
  • true-usdTrueUSD (TUSD) $ 0.999854
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.10
  • flowFlow (FLOW) $ 0.299290
  • usddUSDD (USDD) $ 1.00
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999811
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999804
  • zero-gravity0G (0G) $ 2.20
  • syrupMaple Finance (SYRUP) $ 0.423599
  • sun-tokenSun Token (SUN) $ 0.024296
  • ai-companionsAI Companions (AIC) $ 0.464349
  • bitcoin-svBitcoin SV (BSV) $ 22.99
  • jito-governance-tokenJito (JTO) $ 1.17
  • frax-etherFrax Ether (FRXETH) $ 4,104.49
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,133.19
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 70

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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