The baseline yield of Ethereum has been completely financialized. Simple staking is no longer the endgame; the smart capital has aggressively rotated into Liquid Restaking Tokens (LRTs) and yield-stripping protocols.
By utilizing underlying infrastructure like EigenLayer, validators are now securing multiple active networks simultaneously, exponentially compounding the yield on a single base asset. Protocols are taking it a step further by splitting the principal from the yield, creating a massive, hyper-efficient interest rate swap market directly on-chain. If your capital is just sitting in basic spot holdings, you are systematically leaving the majority of the market's native yield on the table. Watch the LRT liquidity wars.