Reported 4 months ago
A new trend in the crypto market, known as 're-staking,' has seen over $18 billion flow into platforms offering rewards in exchange for locking up tokens, triggering concerns regarding potential risks for users and the overall market. EigenLayer, a start-up in Seattle, spearheaded the re-staking surge with $18.8 billion worth of assets on its platform. This innovative practice involves reinvesting newly-created tokens received as staking rewards to generate higher returns, contributing to the growing popularity of decentralized finance (DeFi) and experimental investment schemes in the crypto space.
Source: YAHOO