{"id":238323,"date":"2024-01-30T16:48:44","date_gmt":"2024-01-30T11:18:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=238323"},"modified":"2024-01-30T16:48:44","modified_gmt":"2024-01-30T11:18:44","slug":"swell-launches-liquid-restaking-token-as-lrts-boom-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/swell-launches-liquid-restaking-token-as-lrts-boom-crypto-news\/","title":{"rendered":"Swell Launches Liquid Restaking Token As LRTs Boom &#8211; Crypto News"},"content":{"rendered":"<p>Liquid restaking protocols surpass $900M or 45% of EigenLayer\u2019s TVL.<\/p>\n<div>\n<p>The burgeoning liquid restaking sector continues to grow, with Swell becoming the latest project to launch a token offering yields via EigenLayer.<\/p>\n<p>On Jan. 29, Swell\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/swellnetworkio\/status\/1752042478243611134\">announced<\/a>\u00a0the launch of rswETH, a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/emerging-liquid-restaking-sector-approaches-half-billion-tvl\">liquid staking token<\/a>\u00a0(LRT). The token allows users to earn Ethereum staking rewards and native restaking yield from EigenLayer without locking up their liquidity, meaning users can also use their tokens in third-party DeFi protocols.<\/p>\n<p>Tokenholders also earn EigenLayer\u2019s Restaked Points alongside Pearls \u2014 which represent a future claim to Swell\u2019s forthcoming SWELL token. Swell will accumulate 10% of users\u2019 staking rewards after taking zero fees for the first 30 days after rswETH\u2019s launch.<\/p>\n<p>Swell currently boasts $455.6M in total value locked, according to DeFi Llama, with its\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/lido-tops-defi-liquid-staking-surge\">liquid staking token<\/a>\u00a0(LST) accounting for 97% of the TVL.<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<h2>Liquid restaking<\/h2>\n<p>Swell\u2019s entrance into the LRT segment follows liquid restaking recently emerging as a hot new narrative within DeFi.<\/p>\n<p>EigenLayer pioneered restaking, allowing users to earn Ethereum staking rewards in addition to restaking yields for securing third-party services via the protocol. EigenLayer users generate yields either by natively restaking ETH via the protocol without limit or by depositing LSTs to the protocol\u2019s capped pools. More than $2B worth of ETH is now deposited in EigenLayer.<\/p>\n<p>LRT providers offer the benefits of uncapped access to EigenLayer restaking rewards without users having to spin up a node to validate Ethereum, in addition to allowing tokenholders to remain liquid rather than lock their assets.<\/p>\n<h2>The surging rise of LRTs<\/h2>\n<p>EtherFi is currently the leading liquid staking protocol, with its eETH token surging to a $507M TVL after growing 400% since the start of January.<\/p>\n<p>EtherFi\u2019s TVL is up 47% since launching a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/emerging-liquid-restaking-sector-approaches-half-billion-tvl\">vampire attack<\/a>\u00a0intended to siphon liquidity from EigenLayer on Jan. 24. The campaign allows EigenLayer restakers to swap their ETH or LST deposits for eETH while sidestepping the seven-day delay on withdrawals. Participants also earn loyalty points ahead of EtherFi\u2019s token generation event in April.<\/p>\n<p><!--$--><\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p><!--\/$--><\/p>\n<p>KelpDAO has emerged as the second-largest LRT with a $256M TVL after launching in December. KelpDAO boasts integrations with LSTs from Frax and Stader.<\/p>\n<p>Renzo is also a prominent LRT protocol with a $155M TVL. The project announced the completion of a $3.2M seed round.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Liquid restaking protocols surpass $900M or 45% of EigenLayer\u2019s TVL. The burgeoning liquid restaking sector continues to grow, with Swell becoming the latest project to launch a token offering yields via EigenLayer. On Jan. 29, Swell\u00a0announced\u00a0the launch of rswETH, a\u00a0liquid staking token\u00a0(LRT). The token allows users to earn Ethereum staking rewards and native restaking yield [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":238324,"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-238323","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\/238323","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=238323"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238323\/revisions"}],"predecessor-version":[{"id":238326,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238323\/revisions\/238326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/238324"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=238323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=238323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=238323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}