Liquid restaking services funnel user deposits into EigenLayer and offer extra rewards on top, along with tradeable “liquid restaking tokens” that represent a user’s underlying investment. Ether.fi has $3.8 billion locked up with EigenLayer – assets that will eventually help power the pooled security system. In return for deposits, Ether.fi grants users a derivative token, Ether.Fi ETH (eETH), which earns interest and can be traded in decentralized finance (DeFi).
Avalanche completes repurchase of 1.97M AVAX tokens from LFG
Avalanche has repurchased 1.97M AVAX tokens from the defunct Luna Foundation Guard. The buyback, valued at $53M, strengthens Avalanche’s ecosystem...
