Justin Solar Deposits $480M of ETH to Restaking Protocol Ether.Fi

by Jeremy

Liquid restaking includes staking ether, which helps safe Ethereum, in return for a yield and sometimes additionally loyalty factors that may ultimately be transformed right into a token airdrop. In return for the staked ether, restaking protocols like Ether.Fi distribute a liquid restaking token, on this case eETH, which is pegged to ether’s worth. The token can be utilized on different decentralized finance (DeFi) protocols to earn further yield.

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