🔁RESTAKING

Restaking allows previously staked assets to be staked again on a different platform or program, enhancing the asset's utility and potential for rewards. This process enables staked assets to be leveraged by other decentralized protocols, offering additional reward opportunities to both validators and nominator stakers.

Restaking protocols have become highly popular over the past year. As per DeFiLlama, the TVL locked up in these protocols has jumped from $1.01B to $8B since the beginning of 2024. EigenLayer accounts for the lion’s share of this TVL.