Liquid Staking

Bitcoin's proof-of-work mechanism limits holders from earning yields directly through staking, despite Bitcoin's dominant position in market value. A significant amount of Bitcoin remains underutilized. Through the Master Protocol, users can stake Bitcoin on various Layer 2 solutions and receive LST as their staking certificate. This allows users to reinvest their LST in multiple scenarios without compromising liquidity, ensuring returns. By adopting the re-staking protocol, users can further stake LST to earn LRT, enhancing their investment capabilities and asset liquidity.

Symbiotic is a shared security protocol that acts as a coordination layer, enabling network builders to control and adjust their (re)staking strategies in a permissionless manner. Considering the current re-staking protocol EigenLayer supports only ETH and some ETH derivative staking, while Symbiotic supports staking of any asset following the ERC-20 token standard, the two may become direct competitors.

Symbiotic and Eigenlayer are two emerging protocols in the restaking field, but their design philosophies are vastly different. Symbiotic emphasizes permissionless and modular features, supports multi-asset and customizable parameters, and uses immutable core contracts, reducing governance risks. Eigenlayer, on the other hand, focuses on ETH and its derivatives, adopts a more centralized management approach, simplifying operations but presenting bundled risks. The launch of Symbiotic and its collaboration with the Mellow protocol offer more options and airdrop opportunities for the DeFi community. The competition and cooperation between the two will further drive the development of the restaking market.

This article introduces the decentralized social network application Farcaster, highlighting its architecture built on Ethereum and Optimism, aimed at achieving digital sovereignty and user ownership.

Zircuit is a zk Rollup that is fully compatible with EVM. It is currently in the testnet stage. It can be generally understood as Ethereum L2 using zk technology. In essence, it is still to solve the performance and efficiency problems of Ethereum itself and help transactions to execute better and faster. Compared with the OP architecture, Zircuit can achieve the fast and consistent performance of zkEVM Rollup without the challenge period of withdrawal transactions.

Discover Curvance, a modular DeFi protocol for optimized liquidity management. Learn about its features, multichain support, and future plans in this article.

Today, the shared security mechanism has evolved through staking, leveraging the value of cryptocurrencies like Bitcoin and Ethereum to provide security for multiple blockchain protocols. YBB Capital delves into the latest developments in the Bitcoin staking protocol Babylon and the Ethereum restaking protocol EigenLayer in this field, offering a detailed analysis of Babylon's three-layer architecture and its potential.

Mind is an AI restaking solution that ensures the token economy and data security of decentralized AI networks through flexible restaking and fully homomorphic encryption for consensus security. While EigenLayer uses restaking to secure different AVSs within the Ethereum ecosystem, Mind Network uses restaking to secure the consensus of various AI networks across the entire crypto ecosystem.

In 2023, the LST track competition has entered a "white-hot" stage, and many established track projects have fallen into "centralization conflicts." Puffer Finance proposes the native liquidity staking protocol (nLRP) and deeply integrates it with EigenLayer to increase profitability and increase the willingness of small and medium-sized node operators to participate in verification. Recently, the Puffer Finance mainnet was launched, and TinTinLand wrote an article introducing its innovative concepts and technologies.

The more microservices provided by the restaking market, the better the user experience. Users no longer need to choose services from multiple independent providers; instead, they can purchase all the required services from one restaking market. This article organizes the dynamics of restaking and provides further informational content for readers.

Re-staking is emerging as a technology gaining attention inside and outside the industry, allowing ETH already staked on the Ethereum mainnet to be reused to support the security of other projects. This method enables users to earn returns from their original staking while also increasing potential rewards by supporting more projects. EigenLayer's staking mechanism is significantly different from the Ethereum mainnet's PoS staking. This article analyzes the EigenLayer staking mechanism, the possible rewards, and the potential risks.

pSTAKE is a liquid staking protocol designed for PoS technology, primarily to enhance the convenience and security of token staking. Users can earn staking rewards while participating in DeFi activities. The protocol is developed by the Persistence One team. Persistence is a Tendermint consensus-based L1 blockchain focused on unlocking the liquidity of staked assets. Recently, the team announced the expansion of liquid staking services on Solana and launched an incentive program, attracting significant funds and users.

This article will provide an in-depth analysis of the key role of fully homomorphic encryption (FHE) and zero-knowledge proof (ZKP) in improving the privacy of blockchain applications. It will also highlight the significance of the future development potential of these technologies in the realm of blockchain data privacy.

This article explores the potential impact of some innovative technologies on the performance of the TON network and how they might affect the TON staking reward system.

Unlike typical project introductions that provide brief token release diagrams, Eigenlayer has taken a deep dive into explaining the EIGEN token's role and its relationship with ETH tokens in a detailed and technical manner.