The buzz around Restaking might cool off after initial airdrops from EigenLayer, EtherFi, and Renzo, but this landscape is heating up with interesting updates.
Here are the top Liquid Restaking Protocols primed for rewards and airdrops👇 🧠
1/17
First, I highly recommend you check out @DefiIgnas's tweet for a quick overview of the restaking sector before diving into some major LRTs.
You can earn more ETHFI per ETH deposited (0.1 ETHFI/ETH/day) or stake $ETHFI to collect Karak and EtherFi Points.
Highlight vaults:
- @symbioticfi $eETHs and $eBTC LRTs by @veda_labs
- @Karak_Network $ETH LRTs
3/17
🧠 @swellnetworkio
They announced the snapshot for the first $SWELL airdrop: 8% of $SWELL supply for White Pearls at TGE.
- After snapshot: Wavedrops - $swETH, $rswETH, and their derivatives holders earn Black Pearls => 2% of $SWELL on Oct 8, and 1% in every 10 weeks.
4/17
- Swell L2: Swell assets stakers pre-launch can get Swell L2 airdrops. Post-snapshot depositors get a 1.5x multiplier on $SWELL airdrop + Symbiotic + EigenLayer points.
5/17
Remarkably, @swellnetworkio introduces $swBTC, the first Bitcoin LRT protocol for restaking on @symbioticfi.
This vault offers restaking rewards, 3x Black Pearls + Symbiotic Points. Eigen and Karak are next.
6/17
🧠 @RenzoProtocol
Renzo completed the S2 airdrop, distributing 543M $REZ to over 70k wallets. S3 soon be revealed.
They launched Symbiotic LRT $pzETH for ETH restaking on @mellowprotocol's vault, earning Renzo, Mellow, and Symbiotic Points.
7/17
Renzo is also attempting to bring native ETH liquid restaking to new L2s like Mode, Fraxtal.
More excitingly, Renzo introduced the first Solana LRT $ezSOL on @jito_labs SOL liquid staking. You can join in the waitlist by connecting Solana wallets.
8/17
🧠 @KelpDAO
KelpDAO introduced the Airdrop Gain Vault, an airdrop strategy platform.
You can deposit $ETH $stETH $ETHx $rsETH to get $agETH in return and farm duo airdrops: L2s (@LineaBuild @Scroll_ZKP), Kelp, EigenLayer, Karak...
$43M deposited. Withdrawals take 3 days.
9/17
🧠 @puffer_finance Token airdrop details are sparse. However, here are some highlights:
- Partnered with @EverclearOrg for native L2 restaking: one-click restaking, zero gas fees on Ethereum, and yields.
11/17
🧠 @Eigenpiexyz_io
Eigenpie confirmed 34% of the total $EGP supply to Eigenpie Points owners at the TGE.
You can boost Eigenpie Points by depositing $mstETH, $mswETH, and $mwBETH from Eigenpie on Pancakeswap or Curve Finance, along with $ARB rewards and Swell Pearls.
12/17
🧠 @mellowprotocol
Mellow is rising as a powerhouse in Ethereum liquid restaking with $650M+ TVL, making up 40% of Symbiotic's TVL.
Below are some strategies to farm Mellow Points and other airdrops 👇
13/17
- Staking on curator vaults (Mellow Points + Symbiotic Points + curator's points)
- New integration on @ZircuitL2, Swell L2, @fuel_network
- @LidoFinance Simple DVT (Obol and SSV points)
- Pendle YT strategies (mature on 26 Sep)
- LRTs pools on Balancer, Uniswap, Curve
14/17
🧠 @Bedrock_DeFi
Bedrock provided an all-in-one platform for liquid restaking on Ethereum, @babylonlabs_io, and @iotex_io.
$uniBTC - Bedrock's $BTC LRT offers $BTC rewards from Babylon, and can be minted across ETH L2s and BTC L2s (Merlin, B² Network, Bitlayer).
15/17
Tagging some top brains to follow:
@DefiIgnas
@phtevenstrong
@DeFi_Dad
@PendleIntern
@ViktorDefi
@monosarin
@Hercules_Defi
@2lambro
@Louround_
@lstmaximalist
@Subli_Defi
@SamuelXeus
@eli5_defi
@Kairos_Res
@Route2FI
@CryptoKoryo
@stacy_muur
@Only1temm
16/17
What LRTs are you farming? Comment down below.
If you like this content, please follow us @PinkBrains_io for more DeFi and Web3 Marketing insights. 🧠
Like/RT the first tweet and bookmark to support us!
EigenLayer isn’t the only player, and Ethereum isn’t the only arena.
If the $EIGEN "stake drop" wasn’t your thing, check out 4 alternative restaking protocols.
Overview + How to get started🧵👇
1/19
Before we begin, this thread contains some insights. We'd appreciate it if you could give a ❤️ and RT to support us.
Don't forget to bookmark the first tweet for future reference. Thank you!
2/19
1️⃣ @symbioticfi - The EigenLayer's Challenger
Symbiotic is a newly launched permissionless restaking protocol, collaborating with @mellowprotocol for Liquid retaking and @LidoFinance at the center, backed by @paradigm (Probably nothing, EigenLayer is backed by a16z).
I've done the digging and picked out 6 most potential alt Layer 1s and ETH Layer 2s set to dominate the upcoming quarter. 🧠 🚀
You may recognize them in the image, but let's discover the reasons why👇
1/ Before diving into details, I highly recommend bookmarking this thread for further reference. This also shows your support for my work.
Now, let's go!
2/ #1 Base @base
This is Coinbase's Layer 2, and people wonder if it could be the "BNB" of the West.
Let's look at some numbers:
• DEX volume on Base has surged from ~$70M to ~$440M.
• Base's revenue has skyrocketed from ~$110k in the last two weeks to ~$2.5B.
• In Feb, TVL hovered at ~$400M. Now, it has more than $1B in TVL.
🧠 Why's Base booming? Here's the lowdown:
• It's a Layer 2 built and backed by Coinbase, making it a top pick for US Coinbase users.
• Socialfi on Base is getting traction, Friendtech, and Farcaster catch on trend
• Ethereum Dencun's upgrade slashed Base's gas fees to near nothing.
• Base offers free and one-click bridging to Base. This positions Base well to capitalize on any catalyst.
As users and capital flowed in, a memecoin season started on Base.
Catalysts: Strong background, good marketing strategy, cheap transactions.
Some projects have the potential for mega 10-100x gains in this bull market.
$AVAX is the next big Layer 1 to explode this year!
Let's discover 🧠🧵
2/ Why Avax? 🔺
Fundamentals are the key to a blockchain's long-term and solid run. @avax has made major changes in developing future narratives and forming strategic partnerships with giant financial entities.
The catalysts can be found in DeFi, RWAs, Gaming, and meme coins.
3/ 🧠 DeFi
1️⃣ @TraderJoe_xyz - $JOE
➜ The leading DEX on Avalanche, responsible for enabling over $3B of trading volume in Jan alone.
Therefore, you can say that a strong Avalanche leads to an even stronger Joe. Users can stake $JOE to earn $USDC (real yield) from swap fees
Bitcoin's gearing up to shatter its ATH, and the world's still sleeping on it. 🚀
Next will be the #Bitcoin ecosystem.
Keep an eye on some notable projects that may outperform the market. 🧵🧠
1/ First in my top list is @Stacks - $STX
Stacks is a Layer 2 solution that is revolutionizing the Bitcoin ecosystem by enabling smart contracts and DApps.
It's bringing smart contract functionality to Bitcoin without altering the core network.
A hot play? Liquid staking of Stacks (STX) on @StackingDao for potential airdrops.
2/ The @Stacks ecosystem is booming, hosting over 80 projects spanning DeFi, NFTs, DEXs, and more.