EigenLayer Relaunches LST Staking, TVL Surpasses $12.7 Billion Closely Trailing Lido
EigenLayer announces the reopening of collateralization and its TVL has officially exceeded $12.7 billion, becoming the second-largest protocol after Lido. How will EigenLayer change the Web3 infrastructure ecosystem?
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EigenLayer removes collateralization limit
EigenLayer becomes the second-largest protocol in terms of TVL
EigenLayer removes collateralization limit
On the early morning of the 17th, the liquidity collateralization protocol EigenLayer announced the removal of the deposit limit for all Liquid Staking Tokens (LST).
Users will now have unlimited access to EigenLayer’s 11 existing liquidity collateralization token pools. The official statement emphasizes that the removal of the LST limit signifies a new phase for the EigenLayer ecosystem.
Previously, EigenLayer proposed setting the reward limit for any single LST (or user) at 33% to ensure ecosystem balance and decentralization.
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EigenLayer plans to reopen collateralization on April 17th, with a possible reward limit of 33%.
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EigenLayer becomes the second-largest protocol in terms of TVL
Despite a slight decrease in TVL measured in USD due to market fluctuations, EigenLayer has achieved tremendous success in collateralization narratives and TVL since its launch at the end of 2023, and has now become the second-largest DeFi protocol.
TVL calculated in ETH continues to show a linear upward trend and is currently locked at 4.12 million ETH.
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LRT Battle|ether.fi, Puffer Finance, and Kelp DAO are the top three. What is the story of collateralization and re-collateralization?
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TVL Ranking
DeFi
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Further reading
EigenLayer plans to reopen collateralization on April 17th, with a possible reward limit of 33%.
What real use cases can the first batch of AVS coins from EigenLayer provide?
