{"id":242339,"date":"2024-02-06T17:52:06","date_gmt":"2024-02-06T12:22:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=242339"},"modified":"2024-02-06T17:52:06","modified_gmt":"2024-02-06T12:22:06","slug":"eigenlayers-tvl-grows-1-5b-in-one-day-after-raising-lst-pool-limits-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eigenlayers-tvl-grows-1-5b-in-one-day-after-raising-lst-pool-limits-crypto-news\/","title":{"rendered":"EigenLayer\u2019s TVL Grows $1.5B In One Day After Raising LST Pool Limits – Crypto News"},"content":{"rendered":"

<\/p>\n

EigenLayer\u2019s LST pools will remain uncapped until Feb. 9.<\/p>\n

\n

The total value locked in EigenLayer, the pioneering Ethereum restaking protocol, rocketed by 70% in one day after the project temporarily removed its pool limits.<\/p>\n

EigenLayer\u00a0removed<\/a>\u00a0the caps on its liquid staking token (LST) pools for the first time on Feb. 5, prompting users to inject $1.5B worth of into the protocol over roughly 13 hours, according to DeFi Llama. EigenLayer now boasts a total value locked (TVL) of nearly $3.7B, positioning it as the DeFi sector’s sixth-largest protocol.<\/p>\n

EigenLayer TVL. Source: DeFi Llama.<\/figcaption><\/figure>\n

The protocol\u2019s LST pools will remain uncapped until 3 PM EST on Feb. 9. However, users can also natively restake using ETH without limit at any time.<\/p>\n

<\/p>\n

EigenLayer inches toward permissionless LST access<\/h2>\n

EigenLayer was the first protocol to introduce restaking, which allows users to simultaneously earn Ethereum staking rewards while also securing third-party Actively Validated Services (AVSs) to generate additional yield.<\/p>\n

EigenLayer said its decision to temporarily remove its LST limits helps to pave the way for the protocol\u2019s future decentralization. While native restaking has remained uncapped since\u00a0launch<\/a>, EigenLayer has progressively increased its LST pool limits while\u00a0onboarding<\/a>\u00a0new liquid staking tokens in recent months.<\/p>\n

In a Feb. 5 blog post, the team\u00a0said<\/a>\u00a0it plans to begin permanently removing the caps of individual LST tokens moving forward, paving the way for LST holders to enjoy unrestrained access to the protocol.<\/p>\n

EigenLayer also introduced support for three new LSTs on Feb. 5, bringing the total number of liquid staking tokens supported to 12.<\/p>\n

Despite the broad selection of LSTs supported by the protocol, Lido\u2019s stETH token accounts for\u00a050.5%<\/a>\u00a0of EigenLayer’s LST deposits, according to Dune Analytics. Swell\u2019s swETH ranks second with 16.3%, followed by Stader\u2019s ETHx with 8.1%, and Mantle\u2019s mETH with 6.2%.<\/p>\n

Liquid restaking grows<\/h2>\n

EigenLayer\u2019s growth has also given rise to the new sector of\u00a0liquid restaking protocols<\/a>\u00a0(LRT) \u2014 projects leveraging native restaking to offer tokenholders yield from both Ethereum staking and EigenLayer staking.<\/p>\n

LRTs have rocketed to a $2B TVL, up from just $101M on Dec. 20. The sector is led by pioneering LRT protocol EtherFI with $763M, the\u00a0freshly-launched<\/a>\u00a0Puffer Finance, and Kelp DAO with $315.5M.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

EigenLayer\u2019s LST pools will remain uncapped until Feb. 9. The total value locked in EigenLayer, the pioneering Ethereum restaking protocol, rocketed by 70% in one day after the project temporarily removed its pool limits. EigenLayer\u00a0removed\u00a0the caps on its liquid staking token (LST) pools for the first time on Feb. 5, prompting users to inject $1.5B […]<\/p>\n","protected":false},"author":2,"featured_media":242340,"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-242339","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\/242339","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=242339"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242339\/revisions"}],"predecessor-version":[{"id":242342,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242339\/revisions\/242342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/242340"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=242339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=242339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=242339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}