puffer

Ethereum’s pledge rate reached a new high, reaching 30 million ETH. According to CryptoPotato, although the Ethereum Shapella hard fork triggered concerns about selling pressure, the latest data shows that in January 2024, Intotheblock data shows that the Ethereum pledge rate At its peak, approximately 30 million ETH were pledged, with a staking participation rate of over 24%. This milestone means people are more inclined to stake rather than sell their tokens quickly. Currently, the number of Ethereum locked pledges continues to rise, while only 11% of the token supply is stored on centralized exchanges. The Ethereum upgrade Shapella allowed stakers to withdraw their tokens for the first time since December 2020, without causing widespread unstaking. Despite the introduction of new features that allow stakers to withdraw their tokens, the number currently staked is still 29.13 million ETH, accounting for 24.2% of the total supply. According to DefiLlama data, the total locked value (TVL) of the EigenLayer-based Ethereum re-pledge protocol has exceeded $1.6 billion. Among the many agreements, the performance of the top three head agreements is particularly eye-catching. First, ether. The total value locked (TVL) of fi reached US$670 million, with a monthly increase of 448%. Secondly, although Puffer Finance has been online for less than a week, its TVL has already reached US$315 million. Finally, Kelp DAO’s TVL reached $290 million, with a monthly increase of 106%. These data show that the Ethereum re-pledge protocol market based on EigenLayer is showing strong growth, and the performance of major leading protocols has also had a positive impact on the entire market. The ETH ecosystem has always been a popular choice in the field of digital assets. In this regard, it is recommended to pledge different assets on @eigenlayer, @KelpDAO, @ether_fi, @RenzoProtocol, @swellnetworkio, @Blast, and @Puffer, such as $stETH and $ ETH. For investors with limited funds, they can also choose one or two projects to pledge to achieve better risk diversification. 1.KelpDAOKelpDAO is a Restaking ecological project made by the LSD project Stader Lab. It belongs to the Liquid-LSDRestaking type. It is currently open to deposit Lido’s stETH and Stader’s ETHx, two LST tokens. In addition, the official has also made it clear that users who deposit into KeplDAO will Be able to get EigenLayer point rewards. The current protocol TVL exceeds 160M, making it the project with the highest TVL in the LRT field. If you deposit ETHX into Kelp Dao or EigenLayer before February 2, you will receive EigenLayer points and additional Kelp Miles. Subsequent mileage points can be exchanged for airdrops. The token will be listed in Q2 this year. Operation process: STEP1: Enter https://staderlabs.com/eth/stake/ and pledge ETH to obtain ETHX. STEP2: Enter https://kelpdao.xyz/retake/?utm_source=0xC8F630BEa53978BEd02baD11ece9F070D54287ac. Note, do not click directly after obtaining ETHX on staderlabs. The link jumps to the kelpdao official website to link to the wallet, which will not be considered a valid invitation. If you do not use the invitation link, you will lose 10% of the kelp miles points in the future. If you do not use the invitation link URL to log in when linking the wallet, you will use the invitation link later. It's useless, I've fallen into this trap before. STEP3: Deposit the obtained ETHX into Kelpdao to achieve more than one fish. 2. Swell Network Ethereum pledge agreement Swell Network has completed US$3.75 million in financing. You can enjoy both with Eigenlayer and stake ETH on swell to obtain sweth, and then use the obtained By staking sweth on Eigenlayer or staking directly on swell, you can achieve more than one fish. Operation process: STEP1: Enter the swell official website https://app.swellnetwork.io?ref=0xc8f630bea53978bed02bad11ece9f070d54287ac and click stake to pledge eth to obtain sweth. Currently, there are additional event rewards on swell: STEP2: Enter the Eigenlayer official website https://app.eigenlayer .xyz/According to the official statement, the staking opening time has been delayed again. LST staking will be reopened from February 6 to February 10 with no upper limit, and then staking will be suspended. Remember to stake on time, select Swell Staked Ether on the staking page and stake the sweth obtained before staking to achieve more than one fish. 3. EigenLayer is a new phenomenon-level project, the leader in the field of eth re-staking, and a new narrative of the re-staking track. In February 2023, EigenLabs, the team behind EigenLayer, completed a US$50 million Series A financing, led by Blockchain Capital, CoinbaseVentures, Polychain Capital, Hack VC, Electric Capital, IOSG Ventures and others participated in the investment, and the valuation terms were not disclosed. EigenLayer has not issued coins yet, but has launched "re-pledge points", which are issued based on the user's re-pledge time and amount.Currently, EigenLayer has extended the re-staking opening window to February 6th to February 10th and removed the cap for all LST. The revenue cycle of this project may be a bit long, just wait patiently. 4. Ether.fi According to Planet Daily, the non-custodial liquidity staking agreement ether.fi posted on the X platform that its total pledge value exceeds 200,000 ETH, which is approximately US$450 million. Operation process: STEP1: Go to the Ether.fi official website https://app.ether.fi/eeth?address=0xC8F630BEa53978BEd02baD11ece9F070D54287ac, click on the eETH option above, pledge ETH to get eETH STEP2: Click on the DeFi option above, select the first pendle mining pool, and you will get By staking your eETH into it, you can eat more with one fish. STEP 3: After staking, click the Portfolio option above and sign in to the Daily Collector on the right side of the page every day to earn loyalty point rewards. STEP4: Click show Badges on the right side of BADGES above the box. After entering, do the third email verification task. You can earn 5,000 loyalty points as a reward. After completing it, it will be displayed like me. 5. RenzoProtocol earns ETH re-staking income and EigenLayer points. It can also earn Renzo points and get two airdrops in the future! Note: Withdrawals are not yet available, probably until the end of the first quarter. However, the project team said that ezeth's LP will be deployed on dex soon, and then it can be directly exchanged for eth. Operation process: Go to the Renzo official website https://app.renzoprotocol.com/?ref=0xc8f630bea53978bed02bad11ece9f070d54287ac and pledge ETH to obtain ezETH6.Puffer@puffer_finance. It has received double investment from Binance Labs and Eigenlayer. The community generally believes that the expectations for listing on Binance are high. TVL currently Growing very rapidly, Puffer mainly focuses on Anti-Slash LRT and also has some technical features. Currently, you can get 10,000 puffer points by depositing stETH worth 1ETH, and you can also earn Eigenlayer points. Process: STEP1: Enter the Lido pledge official website:lido.fiSlide down, choose to pledge ETH, and get stETHSTEP2: Enter the buffer official website: https://quest.puffer.fi/chapter2?invite_code=XLpDlUKKPt53479 Link wallet, bind Twitter, After selecting a family, just pledge stETH. You can just choose any family you like. Don’t worry too much. I chose Dolphin here.After depositing stETH, click the option next to your avatar to view your ranking and points earned. This project has only been online for less than a week, but the total locked value (TVL) has already reached US$315 million. If you have enough funds, get in as early as possible. 7. The L2 public chain based on OP Rollup announced by BlastBlast was not only successfully launched, but also completed financing of up to 20 million US dollars, including large investments from well-known institutions such as Paradigm. The strong financial support behind this provides Blast with sufficient development momentum and also shows the industry's optimism about its prospects. Its airdrop share is large, 50% community users, 50% developers! It’s still early days! Operation process: Enter the blast official website, enter the invitation code, and choose any of the following invitation links: blast.io/TOV19blast.io/8348Dblast.io/KKNFBblast.io/RZPVWblast.io/Q314Sblast.io/CS27Iblast.io/27K1Hblast.io /7RU14blast ETH staking income = ETh basic staking income + blast ecology 100 project airdrops (specific projects will also have tasks) + blast’s own airdrop #空投 #质押 #puffer #BLAST #EigenLayer

➪ ReStaking is an innovative Ethereum protocol first proposed by Eigenlayer founder Sreeram Kannan. The core mechanism of the re-pledge protocol is based on the unbreakable security of Ethereum, which allows the ETH that has been pledged on Ethereum to be pledged again on other consensus protocols. One pledge cost can reap the pledge benefits of multiple ecosystems. ▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰ 1. Problems to be solved 1️⃣ Improving capital efficiency: traditional quality staking mechanism usually Assets are required to be locked to ensure network security. ReStaking allows pledgers to pledge pledged assets to other blockchains or protocols again, thereby achieving multiple utilization of the same asset and improving the efficiency of capital use 2️⃣ Increase income: Through ReStaking, pledgers can benefit from multiple pledge protocols Obtain rewards, increasing the earning potential of pledged assets 3️⃣ Promote decentralization: The re-pledge protocol encourages more participants to participate in the maintenance of the network by allowing pledgers to re-pledge assets to other blockchains. In the future, it will help improve the security and decentralization of Ethereum, and enhance the stability and security of the entire ecosystem 4️⃣ Flexible customizability: ReStaking provides more flexibility and customizability, allowing stakers to Choose different re-pledge strategies according to your own risk preference and return goals ▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰ 2. The concise principle of re-pledge. Take Lido, the leader of LSD (liquidity staking), as an example. When you pledge 1 ETH on Lido, you will get 1 stETH token. stETH can be used in the mutual trust Defi ecosystem, such as using Ethereum. Use it like coins. Restaking, as an extension of the LSD narrative, takes this feature to the extreme. 💡 For example: 1️⃣ You pledge one $ETH in Lido and get one stETH2️⃣. Go to another re-pledge agreement that recognizes stETH and get one aaETH3️⃣ by staking. Then go to another re-pledge agreement that recognizes aaETH and get one after staking. bbETH... By analogy, by staking one ETH repeatedly, you not only get the staking income of the Ethereum main network, but also the staking income of multiple ecosystems. This is the so-called "one fish eats more" 🤩✨ Specific re-pledge agreement , such as Eigenlayer, there will definitely be more complex mechanisms to ensure the stable operation of this set of logic, but the underlying basic principle is roughly the same. ▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰ 3. Risks 1️⃣ Smart contract risks: ReStaking usually through smart Contract implementation, if there are loopholes or design flaws in the contract, it may be hacked and cause asset losses. 2️⃣ Liquidity risk: In ReStaking, the pledged assets may be locked for a period of time, which may lead to insufficient liquidity and prevent the stakers from quickly withdrawing their assets when needed. 3️⃣ Node delegation risk: If a pledger entrusts assets to unreliable or poorly performing nodes or operators, due to the existence of a penalty mechanism, it may result in reduced income or asset losses. ▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰ 4. Re-pledge project pick1️⃣ EigenLayer re-pledge Betting on the concept leader is also re-pledge The proposer of the concept, a16z participated in the investment, and has now completed US$100 million in financing, providing basic support for other re-pledge protocols, and in-depth cooperation with many second-tier projects such as Altlayer 2️⃣ Puffer is one of the representative projects of the Ethereum liquid re-pledge trend , Puffer allows you to introduce puffETh into EigenLayer, earn points, and obtain AVS verification income. The current TVL exceeds 1 billion US dollars. 3️⃣ StakeStone is a full-chain staking protocol that silently provides support behind Manta. It positions itself as the "safest ETH steward" and promises to configure the safest re-pledge strategy. It has also reached cooperation with EigenLayer, allowing you to mortgage $stone to EigenLayer to earn points. . ▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰➪ The re-pledge protocol proposes a method that is more direct and efficient than DeFi lending. of Although the benefits of using this method to obtain multiple returns are obvious, this approach, which looks like a matryoshka doll, is essentially an act of increasing leverage.💡 There is a very interesting saying: the bull market is the process of continuously increasing leverage in the entire market, while the bear market is the process of constantly clearing leverage. The endless cycle of increasing leverage and clearing leverage drives the rise and fall of each bull market and bear market. The re-pledge agreement is just a variant of the leverage method in this bull market. Now is the early stage of the bull market, so there is nothing wrong with increasing leverage. Since bubbles are unavoidable, it is better to embrace the bubble. ✨ If you have any opinions, you are welcome to discuss them in the comment area. If you think they are good, you can also give Pump a like and follow 💖#restaking #EigenLayer #puffer #ALT $ALT $BTC