🚀 Bitcoin Cross-Chain Liquidity Staking Platform Lombard Announces Growth in eBTC
#Bitcoin #Lombard #eBTC #liquidity #staking #crosschain #EigenLayer #Symbiotic #Karak #wBTC #LBTC
According to BlockBeats, on September 10, Bitcoin cross-chain liquidity staking platform Lombard announced that ether.fi's eBTC has grown from $38 million to $61 million since its relaunch with LBTC last week.
To maximize restaking on EigenLayer, Symbiotic, and Karak, all wBTC will be converted to LBTC starting September 11.#Bitcoin #Lombard #eBTC #liquidity #staking #crosschain #EigenLayer #Symbiotic #Karak #wBTC #LBTC
🚀 YnBNB Introduced As First Liquid-Restaking Token On BNB Chain
#ynBNB #liquidrestaking #BNBChain #YieldNest #staking #restaking #KernelProtocol #Karak #Binominal #yield #airdrop #investment #riskmanagement
According to CoinDesk, YieldNest has announced the launch of ynBNB, the first liquid-restaking token on the BNB Chain. This new token allows users to earn additional returns on top of those from staking the native BNB token. YieldNest aggregates various sources of potential yield and provides access to restaking platforms such as Kernel Protocol, Karak, and Binominal. Restakers will accrue yield and reward points from these selected protocols.
Restaking protocols are designed to maximize yield on top of native staking. Since its emergence on the Ethereum blockchain in June 2023, the restaking sector has accumulated over $25 billion in total value locked (TVL). These protocols have also been implemented on other layer-1 blockchains like Solana, which has secured more than $4 billion in TVL. Protocols often reward stakers with points that can eventually be converted into tokens through airdrops. YieldNest's Seeds program allows users to accumulate Seeds, which can be used to earn a stake in future rewards and gain eligibility for upcoming airdrops.
Amadeo Brands, YieldNest's CEO and co-founder, stated in a press release, "The launch of ynBNB marks the beginning of our journey to develop the restaking landscape on the BNB Chain. Our new token, ynBNB, enhances returns, facilitates participation in Kernel, Karak, and Binominal's ecosystems, and earns additional incentives." The protocol aims to balance risk by tailoring its restaking strategies to align with each user's risk tolerance and investment goals, employing an in-house independent risk team to manage these strategies.#ynBNB #liquidrestaking #BNBChain #YieldNest #staking #restaking #KernelProtocol #Karak #Binominal #yield #airdrop #investment #riskmanagement
🚀 User Interest In Re-Staking Stabilizes In 2024
#Restaking #ETH #StakingProtocols #EigenLayer #Symbiotic #Karak #TVL #Crypto #Blockchain
According to Odaily, OurNetwork's latest analysis on re-staking indicates that user interest in re-staking has grown in the first half of 2024 and has now stabilized. As of September 11, the value of staked ETH in re-staking protocols, measured in USD, has decreased by 38% from its peak in June. Adjusting for ETH-USD volatility, the amount of ETH units has remained stable during the same period, with limited new net inflows. Currently, there are 23 AVS, with liquid staking accounting for 75% of the total TVL. EigenLayer holds 84% of the market share, Symbiotic ranks second with a 12% market share, and Karak is third with a 4% market share. As of September 12, EigenLayer experienced a net outflow of 94,000 ETH, equivalent to $222 million, over the past month. During the same period, Karak saw a net outflow of 14,000 ETH ($33 million). Symbiotic was the only protocol with a net inflow, receiving 253,000 ETH, approximately $598 million.#Restaking #ETH #StakingProtocols #EigenLayer #Symbiotic #Karak #TVL #Crypto #Blockchain
🚀 Verisense Network And Karak Announce Strategic Partnership
#VerisenseNetwork #Karak #StrategicPartnership #VerificationAsAService #FullyHomomorphicEncryption #DecentralizedSecurity #DecentralizedApplications #Web3 #Blockchain #Technology
According to PANews, Verisense Network, a platform offering Verification-as-a-Service (VaaS), has entered into a strategic partnership with Karak, a universal and verifiable re-pledging network. This collaboration aims to establish the first Fully Homomorphic Encryption (FHE) network, promoting the large-scale application of decentralized security services (DSS). The partnership will integrate Karak's security infrastructure with Verisense's FHE capabilities to provide high-performance and secure support for decentralized applications. Through this collaboration, developers can leverage Karak's infrastructure for complex computations and data interactions, facilitating the rapid expansion of Web3 applications.#VerisenseNetwork #Karak #StrategicPartnership #VerificationAsAService #FullyHomomorphicEncryption #DecentralizedSecurity #DecentralizedApplications #Web3 #Blockchain #Technology
🚀 Frax Finance Partners With Karak To Enhance Re-Staking Functions
#FraxFinance #Karak #ReStaking #DecentralizedSecurity #BlockchainPartnership #StablecoinProtocol #Fraxtal #FinanceInnovation
According to BlockBeats, on September 26, Frax Finance, a hybrid algorithmic stablecoin protocol, announced a partnership with the re-staking layer Karak. This collaboration aims to introduce native re-staking functions and decentralized security services (DSS) into the Frax Finance ecosystem. The integration will also be natively supported on Fraxtal, a move that is expected to accelerate the realization of universally verifiable finance.#FraxFinance #Karak #ReStaking #DecentralizedSecurity #BlockchainPartnership #StablecoinProtocol #Fraxtal #FinanceInnovation