Lessons from BTC LRT: ETH LRT Road

For most BTC LST/LRT projects relying on Babylon, although they have not been fully accepted on a large scale due to their late start, the experience of ETH LRT is still worth learning from.

EigenLayer has spawned LRT projects such as EtherFi, Puffer, and Renzo. These projects have not only promoted the TVL and popularity of EigenLayer, but the token market value and TVL of LRT have always been difficult to surpass the "big brother", and the ceiling of its own value also depends on EigenLayer. Before EIGEN TGE, LRT Token can rely on the popularity and expectations of Eigenlayer to maintain its valuation, but after EigenLayer goes online, it needs to find its own way out.