{"id":215501,"date":"2023-12-19T15:24:16","date_gmt":"2023-12-19T09:54:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=215501"},"modified":"2023-12-19T15:24:16","modified_gmt":"2023-12-19T09:54:16","slug":"eigenlayer-raises-deposit-cap-to-500000-eth-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eigenlayer-raises-deposit-cap-to-500000-eth-crypto-news\/","title":{"rendered":"EigenLayer Raises Deposit Cap To 500,000 ETH &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The highly anticipated restaking protocol has pulled in $200M after adding support for six new Ethereum liquid staking tokens.<\/p>\n<div>\n<p>EigenLayer, an upcoming protocol enabling Ethereum stakers to validate third-party services for additional yield, has raised its global deposit cap to 500,000 ETH after running at full capacity for the past few months.<\/p>\n<p>Users can now restake six additional liquid staking tokens \u2013 osETH from Stakewise, swETH by Swell Network, OETH from OriginProtocol, EthX issued by Stader Labs, Binance\u2019s WBETH and AnkrETH.<\/p>\n<p>Just over 88,000 ETH worth nearly $200M has been restaked across the newly supported LSTs since the caps were increased roughly 14 hours ago. swETH and ETHx account for the bulk of new deposits.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.eigenlayer.xyz\/\" class=\"no-underline\"><\/p>\n<figure><figcaption class=\"text-center text-xs\">EigenLayer Deposits<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/podcast-eigenlayer-sreeram-kannan\">EigenLayer<\/a> has seen substantial interest from DeFi users since <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/ethereum-restaking-protocol-eigenlayer-launches-on-mainnet\">launching in June<\/a>, with previous deposit limits being reached within minutes of being raised.<\/p>\n<p>While the concept of leveraging Ethereum\u2019s security mechanism to secure other applications is interesting in and of itself, the protocol is also top of mind for airdrop hunters looking for a windfall when EigenLayer launches a native token. It\u2019s currently running a points program that rewards users based on the amount and duration of their restaked assets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The highly anticipated restaking protocol has pulled in $200M after adding support for six new Ethereum liquid staking tokens. EigenLayer, an upcoming protocol enabling Ethereum stakers to validate third-party services for additional yield, has raised its global deposit cap to 500,000 ETH after running at full capacity for the past few months. Users can now [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":215502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-215501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/215501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=215501"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/215501\/revisions"}],"predecessor-version":[{"id":215503,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/215501\/revisions\/215503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/215502"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=215501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=215501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=215501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}