Restaking is an innovative approach to enhancing cryptocurrency security by allowing users to use their assets to protect external services. By restaking your ETH, LST, or other tokens, you receive a new token called Liquid Restaking Token (LRT). This method not only bolsters security across various networks but also provides users with additional benefits. According to @intotheblock, restaking has experienced significant growth, marked by a substantial increase in total value locked (TVL) and a rise in the number of unique addresses participating in restaking. This growth underscores the increasing adoption and trust in this new security mechanism. EigenLayer, a pioneer
The post Restaking: Revolutionizing Cryptocurrency Security With Added Rewards appeared first on The Merkle News.