The cryptocurrency community is abuzz with the latest developments in decentralized finance (DeFi) involving EigenLayer, a protocol that enhances Ethereum's security and trust model. Pendle Finance has introduced a new $rsETH Pool offering a guaranteed 31.68% APY in ETH, attracting attention with its leveraged farming and trading based on the future value of governance tokens. ClayStack has announced that native ETH restaking on EigenLayer is now live, emphasizing the absence of caps on the amount that can be restaked, despite a delay in EigenLayer's cap raise. Vector Reserve is launching a new liquidity position derivative (LPD) on EigenLayer, promising increased yields for stakers. Meanwhile, KelpDAO's rsETH is available on Pendle, offering a 3x boost on Kelp miles for a month and the opportunity to purchase yield tokens (YT) at a 31% discount upon maturity of the pool for approximately 10x leveraged Kelp Miles. Users are encouraged to convert ETH into ETHx, stake it for rsETH, and then provide liquidity on Pendle to earn various rewards and potentially qualify for future airdrops.
1. turn raw ETH into ETHx via @staderlabs 2. stake ETHx for rsETH via @KelpDAO 3. LP rsETH for more raw ETH via @pendle_fi while racking up... -EigenLayer restaking points -Kelp miles (boosted) -ETH staking yield -Pendle future incentives -qualification for future airdrops
. @KelpDAO rsETH is now available on Pendle, and for an entire month, your Kelp miles are boosted by 3x! Here's what you can do: ⒠Purchase PT at a discounted rate of 31% upon maturity of the pool (in exchange for points). ⒠Buy YT for approximately 10x leveraged Kelp Miles⦠https://t.co/fVKG0lwGAL https://t.co/K8PeOavf6D
#ππ«πππππ’π€ππππ«π¨ ππ’π©: Restaking protocols like @eigenlayer allow staked ETH to serve as cryptoeconomic security for protocols beyond Ethereum, earning protocol fees and rewards in return. π https://t.co/z8fnDZGFnW
You're seeing @EigenLayer all over your TL huh? Besides sounding like the worst part of linear algebra, what is it and why should you care? To put it simply, EigenLayer is the Uber-fication of Ethereum's security and trust. The gig economy is coming onchain. Let's discuss π https://t.co/lydf1tMrAC
I'm excited for @vectorreserve. To summarize: it is a new eigenlayer primitive called an LPD (liquidity position derivative). Eigenlayer allows users to stake an eth based LP position (e.g., eth-wsteth, eth-sweth, eth-sfrxeth) on eigenlayer. This result in increased yield⦠https://t.co/hWgsB5qauz
The LRT Games on @pendle_fi are wild--leveraged farming and trading on the future value of @eigenlayer, AVSs, and expectations of LRT governance tokens. Here's 3 ways to play the new $rsETH Pool on Pendle: 1⣠Buy/hold PT-rsETH and lock in a guaranteed 31.68% APY in ETH through⦠https://t.co/MgKArZT7ol https://t.co/dRxROQQnDo
Hold tight fam! @Eigenlayer's cap raise delay is not just a detour, it's an expressway to new opportunities! Meanwhile don't forget that native ETH restaking on Eigenlayer is now live through ClayStack. NO CAPS π Jut Go And Restake - https://t.co/deg44267NR Don't sleep onβ¦ https://t.co/EzNsibLUtK https://t.co/4vzygCwwPz