EigenLayer, an Ethereum restaking protocol, has surpassed 5 million ETH in total deposits, valued at over $12 billion, according to Techub News citing Bitcoinist. The deposits include native ETH and liquid staking tokens. The protocol allows staked ETH to secure other services like data availability layers and oracle networks, and currently supports 18 active security networks. Proponents view it as a way to improve capital efficiency, while critics warn of complex risks and potential contagion effects.
EigenLayer, the Ethereum restaking protocol, has topped 5 million ETH in total deposits. That’s worth more than $12 billion, Techub News said, citing Bitcoinist. The pile includes native ETH and liquid staking tokens. The setup lets staked ETH secure other services — data availability layers, oracle networks, that sort of thing. Right now, it supports 18 active security networks. Some see cleaner capital efficiency here. Others see a mess of risk, plus possible contagion if things go sideways.
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