• bitcoinBitcoin (BTC) $ 90,411.00
  • ethereumEthereum (ETH) $ 3,118.51
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.03
  • bnbBNB (BNB) $ 889.59
  • usd-coinUSDC (USDC) $ 0.999846
  • staked-etherLido Staked Ether (STETH) $ 3,118.61
  • tronTRON (TRX) $ 0.273267
  • dogecoinDogecoin (DOGE) $ 0.138428
  • cardanoCardano (ADA) $ 0.411840
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • whitebitWhiteBIT Coin (WBT) $ 60.68
  • wrapped-stethWrapped stETH (WSTETH) $ 3,811.66
  • bitcoin-cashBitcoin Cash (BCH) $ 576.03
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 90,181.00
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,385.57
  • usdsUSDS (USDS) $ 0.999987
  • chainlinkChainlink (LINK) $ 13.86
  • wrapped-eethWrapped eETH (WEETH) $ 3,379.65
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • leo-tokenLEO Token (LEO) $ 9.50
  • wethWETH (WETH) $ 3,120.46
  • stellarStellar (XLM) $ 0.239511
  • hyperliquidHyperliquid (HYPE) $ 28.16
  • moneroMonero (XMR) $ 411.27
  • zcashZcash (ZEC) $ 451.01
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 90,391.00
  • ethena-usdeEthena USDe (USDE) $ 0.999491
  • litecoinLitecoin (LTC) $ 81.90
  • suiSui (SUI) $ 1.60
  • avalanche-2Avalanche (AVAX) $ 13.38
  • hedera-hashgraphHedera (HBAR) $ 0.124700
  • shiba-inuShiba Inu (SHIB) $ 0.000008
  • susdssUSDS (SUSDS) $ 1.08
  • usdt0USDT0 (USDT0) $ 1.00
  • daiDai (DAI) $ 0.999254
  • mantleMantle (MNT) $ 1.25
  • the-open-networkToncoin (TON) $ 1.61
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.143483
  • paypal-usdPayPal USD (PYUSD) $ 0.999906
  • crypto-com-chainCronos (CRO) $ 0.100083
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • uniswapUniswap (UNI) $ 5.48
  • polkadotPolkadot (DOT) $ 2.04
  • aaveAave (AAVE) $ 201.81
  • memecoreMemeCore (M) $ 1.67
  • bittensorBittensor (TAO) $ 292.67
  • usd1-wlfiUSD1 (USD1) $ 0.999230
  • canton-networkCanton (CC) $ 0.070687
  • rainRain (RAIN) $ 0.007486
  • bitget-tokenBitget Token (BGB) $ 3.61
  • okbOKB (OKB) $ 115.54
  • tether-goldTether Gold (XAUT) $ 4,309.48
  • falcon-financeFalcon USD (USDF) $ 0.998549
  • nearNEAR Protocol (NEAR) $ 1.66
  • ethereum-classicEthereum Classic (ETC) $ 13.18
  • aster-2Aster (ASTER) $ 0.947720
  • ethenaEthena (ENA) $ 0.250712
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,120.44
  • jito-staked-solJito Staked SOL (JITOSOL) $ 166.83
  • pepePepe (PEPE) $ 0.000004
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 3.25
  • pi-networkPi Network (PI) $ 0.206645
  • solanaSolana (SOL) $ 133.64
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.67
  • pump-funPump.fun (PUMP) $ 0.002759
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.14
  • hash-2Provenance Blockchain (HASH) $ 0.030324
  • htx-daoHTX DAO (HTX) $ 0.000002
  • pax-goldPAX Gold (PAXG) $ 4,317.61
  • ondo-financeOndo (ONDO) $ 0.462930
  • worldcoin-wldWorldcoin (WLD) $ 0.587258
  • global-dollarGlobal Dollar (USDG) $ 0.999786
  • kucoin-sharesKuCoin (KCS) $ 10.71
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • bfusdBFUSD (BFUSD) $ 0.999231
  • skySky (SKY) $ 0.057498
  • ripple-usdRipple USD (RLUSD) $ 0.999578
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,585.28
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999828
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.121367
  • aptosAptos (APT) $ 1.65
  • kaspaKaspa (KAS) $ 0.045950
  • gatechain-tokenGate (GT) $ 10.39
  • wbnbWrapped BNB (WBNB) $ 889.51
  • quant-networkQuant (QNT) $ 81.21
  • arbitrumArbitrum (ARB) $ 0.209082
  • binance-staked-solBinance Staked SOL (BNSOL) $ 145.26
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,307.77
  • official-trumpOfficial Trump (TRUMP) $ 5.57
  • algorandAlgorand (ALGO) $ 0.122392
  • cosmosCosmos Hub (ATOM) $ 2.18
  • ignition-fbtcFunction FBTC (FBTC) $ 90,437.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,339.61
  • vechainVeChain (VET) $ 0.011754
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 90,438.00
  • flare-networksFlare (FLR) $ 0.012409
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 90,360.00
  • filecoinFilecoin (FIL) $ 1.35
  • nexoNEXO (NEXO) $ 0.976626
  • xdce-crowd-saleXDC Network (XDC) $ 0.049109
  • usdtbUSDtb (USDTB) $ 1.00
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.92
  • midnight-3Midnight (NIGHT) $ 0.050006
  • sei-networkSei (SEI) $ 0.129597
  • ousgOUSG (OUSG) $ 113.62
  • render-tokenRender (RENDER) $ 1.56
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 28.33
  • wrappedm-by-m0WrappedM by M^0 (WM) $ 0.999957
  • bonkBonk (BONK) $ 0.000009
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.22
  • usddUSDD (USDD) $ 1.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,372.09
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 90,285.00
  • wrapped-flareWrapped Flare (WFLR) $ 0.012411
  • clbtcclBTC (CLBTC) $ 90,593.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998807
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010955
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • ultimaUltima (ULTIMA) $ 6,783.42
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999805
  • beldexBeldex (BDX) $ 0.089174
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,328.91
  • usdaiUSDai (USDAI) $ 1.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.249047
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 154.55
  • story-2Story (IP) $ 1.89
  • jupiter-exchange-solanaJupiter (JUP) $ 0.204106
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999695
  • morphoMorpho (MORPHO) $ 1.16
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,119.22
  • optimismOptimism (OP) $ 0.312840
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,235.53
  • myx-financeMYX Finance (MYX) $ 3.10
  • dashDash (DASH) $ 45.93
  • curve-dao-tokenCurve DAO (CRV) $ 0.399894
  • aerodrome-financeAerodrome Finance (AERO) $ 0.608512
  • spx6900SPX6900 (SPX) $ 0.590991
  • tbtctBTC (TBTC) $ 90,431.00
  • usual-usdUsual USD (USD0) $ 0.995906
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,120.40
  • injective-protocolInjective (INJ) $ 5.38
  • tezosTezos (XTZ) $ 0.501526
  • lido-daoLido DAO (LDO) $ 0.597641
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.806113
  • blockstackStacks (STX) $ 0.290211
  • bridged-wrapped-ether-pundi-aifx-omnilayerBridged Wrapped Ether (Pundi AIFX Omnilayer) (WETH) $ 35,382,014.00
  • starknetStarknet (STRK) $ 0.105060
  • gtethGTETH (GTETH) $ 3,117.92
  • celestiaCelestia (TIA) $ 0.583557
  • true-usdTrueUSD (TUSD) $ 0.996549
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,460.42
  • ether-fiEther.fi (ETHFI) $ 0.805182
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.22
  • newton-projectAB (AB) $ 0.005261
  • msolMarinade Staked SOL (MSOL) $ 179.79
  • telcoinTelcoin (TEL) $ 0.004939
  • stader-ethxStader ETHx (ETHX) $ 3,356.85
  • merlin-chainMerlin Chain (MERL) $ 0.441644
  • wrapped-apecoinWrapped ApeCoin (WAPE) $ 0.229667
  • ghoGHO (GHO) $ 0.999585
  • flokiFLOKI (FLOKI) $ 0.000047
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,312.62
  • kaiaKaia (KAIA) $ 0.075457
  • the-graphThe Graph (GRT) $ 0.041390
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.991542
  • iotaIOTA (IOTA) $ 0.100629
  • basic-attention-tokenBasic Attention (BAT) $ 0.281783
  • doublezeroDoubleZero (2Z) $ 0.120663
  • swethSwell Ethereum (SWETH) $ 3,439.91
  • ethereum-name-serviceEthereum Name Service (ENS) $ 10.91
  • bittorrentBitTorrent (BTT) $ 0.00000042
  • usdbUSDB (USDB) $ 0.999475
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.970121
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,472.15
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • sbtc-2sBTC (SBTC) $ 90,694.00
  • dogwifcoindogwifhat (WIF) $ 0.397312
  • bitcoin-svBitcoin SV (BSV) $ 19.73
  • sun-tokenSun Token (SUN) $ 0.020314
  • lorenzo-wrapped-bitcoinLorenzo Wrapped Bitcoin (ENZOBTC) $ 90,454.00
  • justJUST (JST) $ 0.037980
  • pyth-networkPyth Network (PYTH) $ 0.065041
  • conflux-tokenConflux (CFX) $ 0.071744
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 90,370.00
  • olympusOlympus (OHM) $ 22.22
  • fartcoinFartcoin (FARTCOIN) $ 0.362915
  • apenftAINFT (NFT) $ 0.00000036
  • crvusdcrvUSD (CRVUSD) $ 0.998748
  • audieraAudiera (BEAT) $ 2.57
  • pendlePendle (PENDLE) $ 2.17
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.138429
  • theta-tokenTheta Network (THETA) $ 0.353482
  • decredDecred (DCR) $ 20.55
  • the-sandboxThe Sandbox (SAND) $ 0.133765
  • sonic-3Sonic (S) $ 0.091285
  • heliumHelium (HNT) $ 1.83
DeFi

CHART: Restaking assets down 33% in two months

By admin
0 89

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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