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Ciaran Connelly

@ngangnhucua

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115 Followers


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EigenLayer Outflows of $2.3B Signal Restaking Sector Slide Recently, many investors have pulled $2.3 billion out of EigenLayer, a platform that supports restaking. Restaking is when investors use their already staked ETH to earn extra returns. However, the returns from restaking are often lower than other options, like Ethena, which offers over 10% returns compared to Renzo's 3.43%. Over the past 30 days, EigenLayer's total value dropped by 13% to $15.1 billion, even though the price of ether remained stable. This outflow is partly due to investors chasing better rewards and the unstable nature of restaking. While platforms like Renzo and Kelp saw significant declines, ether.fi managed to increase its value by $100 million. What do you think about the future of restaking protocols? Will they bounce back, or will investors continue to seek better returns elsewhere?
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Tired of tapping on countless Telegram bots? Check out Sonic, the new Solana project with huge airdrop potential! Sonic is a project designed to enable sovereign game economies that roll up to Solana. It’s built with customized, VM-agnostic game engines and the HyperGrid interpreter. HyperGrid is a parallel processing framework that introduces customizability and scalability while being natively composable with Solana. And how to participate in Sonic for gaming and, most importantly, THE AIRDROP! Steps to Participate: 1. Connect Your Backpack Wallet: Visit https://odyssey.sonic.game/?join=uwnOyV and connect your Backpack wallet. If you don't have one, check the comment. 2. Faucet Solana Testnet: Head to the Sonic Faucet to get Solana testnet tokens. Check the comment for faucet link. 3. Go to the Taskcenter and complete daily tasks to gain Sonic rings. Sonic is currently in the testnet stage, so you can participate completely for free and have a chance at a huge airdrop. Don’t miss out! 👍
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