🚀 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
🚀 Mind Network Secures $10 Million Pre-A Funding To Expand Staking Protocols
#MindNetwork #Funding #StakingProtocols #HomomorphicEncryption #Investors #Crypto #Blockchain #Governance #Decentralization #PoS
According to Odaily, Mind Network, a platform specializing in fully homomorphic encryption (FHE) and re-staking layers, has successfully raised $10 million in a Pre-A funding round. The investment was led by prominent firms including Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, and IBC Group. Additionally, individual investors such as ether.fi CEO Mike Silagadze, crypto influencers Mario Nawfal, Mr Block, and Kyle Chassé also participated in the funding round.
Mind Network plans to utilize the new capital to integrate more staking protocols and expand its business operations. The company aims to continue developing and releasing supportive infrastructure. Users holding staking assets from partner protocols will be able to exchange them for vFHE on the Mind Network platform and participate in FHE voting.
Previously, Mind Network introduced an FHE voting solution designed to ensure consensus and data security for AI and Proof-of-Stake (PoS) networks. This solution incorporates the concept of Total Governance Value (TGV), which separates voting rights from staking assets and allocates them to networks or systems requiring governance and consensus. By holding staking assets, users can obtain vFHE and engage in securing the consensus of other networks they wish to support.#MindNetwork #Funding #StakingProtocols #HomomorphicEncryption #Investors #Crypto #Blockchain #Governance #Decentralization #PoS
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🚀 Ethereum Developers Discuss Upcoming Network Upgrades and Proposals
#Ethereum #EthereumDevelopers #NetworkUpgrades #Fusaka #Glamsterdam #BPO #EIP7688 #EIP8045 #StakingProtocols #Blockchain
According to PANews, Christine Kim, Vice President of Research at Galaxy, released a summary of the 168th Ethereum Consensus Layer Core Developers Meeting (ACDC). The meeting focused on various upgrades, including Fusaka and Glamsterdam, with discussions on the activation schedule for Fusaka on the mainnet. It was proposed to activate Fusaka on December 3, followed by BPO #1 on December 9 and BPO #2 on January 7, 2026.
Additionally, the meeting covered eight Ethereum Improvement Proposals (EIPs), such as EIP 7688, which introduces a new data structure, and EIP 8045, aimed at preventing block proposals by slashed validators. The discussions also touched on the impact of certain proposals on Ethereum's staking protocols and services.#Ethereum #EthereumDevelopers #NetworkUpgrades #Fusaka #Glamsterdam #BPO #EIP7688 #EIP8045 #StakingProtocols #Blockchain