Kraken has launched a new feature allowing its clients to restake their ether (ETH) directly on the platform through Eigenlayer. This integration, Kraken says, makes the relatively complex process of restaking more accessible to a broader audience, especially those who have already staked ether on Kraken. Kraken Introduces ETH Restaking to Broaden Defi Access Kraken’s […]
Solayer has raised $ 12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth optimization. Solana Restaking Project Solayer Attracts $ 12 …
The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $ 164.3 million in January to $ 13.812 billion by June 20, underscoring the growing trust in them. As was the case in January, Ether.fi remains dominant in the LRT market, accounting for approximately 50% of the …
Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $ 5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used to further its decentralized mission. Symbiotic Restaking Protocol Raises $ …
The rising trend of “re-staking” has driven significant cryptocurrency investments into platforms that reward users for locking up their tokens. Leading this movement is Seattle-based startup Eigenlayer, which secured $ 100 million in funding from Andreessen Horowitz’s crypto arm in February. Eigenlayer has attracted $ 18.8 billion worth of crypto to its platform …