Ethereum

2024

<div class="cryptonews">
 <p class="is-style-lead">The EigenLayer (TVL) protocol’s total locked value exceeded $1 billion after <a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> <a rel="noopener noreferrer nofollow" title="restrictions" href="https://thebittimes.com/tag/restrictions.html">restrictions</a> were <a rel="noopener noreferrer nofollow" title="removed" href="https://thebittimes.com/tag/removed.html">removed</a> to create more “organic demand” on the network.</p>
 <p>According to EigenLayer, the protocol team has decided to raise the staking limit to 200,000 Ethereum (ETH) by Feb. 9 to create “organic demand” on the network. The minutes say this temporary removal “paves the way for a future” where all betting restrictions will be removed permanently.</p>
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    <p lang="en" dir="ltr">EigenLayer Re<a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> Reloaded! <br><br>From NOW until Feb 9th, 12 PM PT, dive back into the world of LST re<a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a>! All pools are fully uncapped, featuring both the existing pools and welcoming new partners @fraxfinance, @liquid_col, &amp; @0xMantle. pic.twitter.com/yDGHiJjX3m</p>— EigenLayer (@eigenlayer) February 5, 2024
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 <p>According to DefiLlama, following the announcement, the protocol’s TVL increased from approximately $2.5 billion to nearly $3.65 billion at publication as investors funneled their respective liquid ETH tokens into the protocol. This outsized increase represents a staggering increase of $1.15 billion last week.</p>
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   <img decoding="async" width="1024" height="299" src="https://cdn.thebittimes.com/images/2024/02/06/a2522fb49babb1b6c42f976d3e662866.webp" alt="EigenLayer's TVL reaches $1b after staking restrictions removed - 1"> 
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   Source: DefiLlama
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 <p>EigenLayer is an infrastructure component that will strengthen the adoption of ETH <a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> while essentially turning it into a public good that other networks and protocols can use without starting from scratch for their security.</p>
 <p>EigenLayer is considered a new use case for ETH <a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a>. However, developers have expressed concerns about the protocol’s mechanics,&nbsp;describing large volumes of re-<a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a>&nbsp;as akin to leverage.</p>
 <p>Most notably, last May, Ethereum co-founder Vitalik Buterin warned that a significant increase in re-staking, as well as over-reliance on data or price oracles, could pose serious “systemic risks” to the Ethereum ecosystem.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/eigenlayer-s-tvl-reaches-1b-after-staking-restrictions-removed-tbt79005.html">https://thebittimes.com/eigenlayer-s-tvl-reaches-1b-after-staking-restrictions-removed-tbt79005.html</a></p>

EigenLayer’s TVL reaches $1b after staking restrictions removed

TheBitTimes

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