restaking.png

RESTAKING

<h2><strong>Final Thoughts: Liquid Restaking Platforms for Supercharged Returns</strong></h2><p>Forget locked-up tokens and stagnant portfolios. It's 2024, and the future of crypto is all about flexibility and amplified rewards. Liquid restaking platforms are here to revolutionize your experience, offering resilience, maximized returns, and a strategic edge for growth.</p><p>&nbsp;</p><ul><li><p><a href="https://coin360.com/review/ether-fi"><strong>Ether.fi</strong></a><strong>:&nbsp;</strong>Offers multi-crypto support and DeFi integration with robust security, but engagement can be complex for users.</p><p>&nbsp;</p></li><li><p><a href="https://coin360.com/review/renzo"><strong>Renzo</strong></a><strong>:&nbsp;</strong>Supports a wide range of tokens and maximizes yield with cross-chain capabilities, but faces delays in support responses and has a cooldown period for withdrawals.</p><p>&nbsp;</p></li><li><p><a href="https://coin360.com/review/puffer-finance"><strong>Puffer Finance</strong></a><strong>:&nbsp;</strong>Showcases innovative token design for high returns and robust security, yet has limited DeFi integration and is new to the market.</p><p>&nbsp;</p></li><li><p><a href="https://coin360.com/review/kelp-dao"><strong>Kelp DAO</strong></a><strong>:</strong> Provides competitive rewards through user-friendly liquid staking, but limited withdrawal options and gas costs require consideration.</p><p>&nbsp;</p></li><li><a href="https://coin360.com/review/eigenpie"><strong>Eigenpie</strong></a><strong>:</strong> Offers a broad spectrum of supported tokens and robust security measures with user incentives, but lacks reward transparency and unstaking options, and the interface can be complex.</li></ul><p>&nbsp;</p><p>This curated selection is your key to unlocking a world of decentralized possibilities. We'll guide you to platforms that perfectly match your investment style, propelling you towards the forefront of the financial revolution. Choose wisely, embark on the journey, and watch your crypto soar to new heights!</p>

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top liquid restaking platforms.webp

<h2><strong>An In-Depth Review of Ether.fi</strong></h2><p>Ether.fi emerges as a pivotal player in the Liquid Restaking landscape, revolutionizing DeFi by allowing ETH staking for eETH rewards. With a hefty $23 million Series A boost and a bold $600 million Ether pledge to the Omni Network, it underscores a burgeoning sector's dynamism and potential.&nbsp;As keen observers of the DeFi space, are you excited to see how Ether.fi continues to push boundaries and unlock new possibilities for crypto users?</p><figure class="image"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/homepage_c9aa2b0615.png" alt="homepage.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Key Takeways</strong></h2><p>Exploring Ether.fi, we find a standout platform for Ethereum enthusiasts in the crypto world.&nbsp;Here's the essence of what makes it shine or dim:</p><ul><li><strong>Diverse Staking Options:&nbsp;</strong>Offers multiple staking formats (eETH, stETH, RS-stETH, and more) catering to a broad audience.</li><li><strong>Revolutionary eETH and Integration:</strong> Introduces eETH for simplified staking and integrates with EigenLayer for enhanced returns.</li><li><strong>Global Validator Nodes:</strong> Promotes decentralization through global validator node deployment, reinforcing Ethereum's security.</li><li><strong>Easy Start with Various Entry Levels:&nbsp;</strong>From as little as .001 ETH for eETH minting to full 32 ETH for the complete validator experience, making it accessible to both novices and pros.</li><li><strong>Impressive Performance:&nbsp;</strong>Boasts a 4.02% APR, $2.02B in total value locked, and 541K ETH staked, showing substantial market trust and adoption.</li><li><strong>Community-focused Rewards:</strong> Implements a unique loyalty points system and community allocation base, promoting user engagement and decentralized governance.</li><li><strong>High Security Standards:&nbsp;</strong>Prioritizes user-controlled staking and collaborates with top security firms for audits, planning a bug bounty program for further safety.</li><li><strong>User-Centric Experience and Support:&nbsp;</strong>Offers an intuitive interface and partners with leading node operators for a secure and streamlined user experience.</li></ul><figure class="image image_resized" style="width:80.4%;"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/ether_fi_c3f0d920dd.webp" alt="ether fi.webp"></figure><h3><strong>Ether.fi’s Pros</strong></h3><ul><li>Supports multi-token staking with a range of Ethereum-based tokens, catering to both Ethereum holders and DeFi enthusiasts.</li><li>Integrates with EigenLayer for enhanced returns through revolutionary eETH, facilitating automatic restaking.</li><li>Commits to decentralization by globally launching validator nodes, thus fortifying Ethereum's security.</li><li>Expands utility through DeFi protocol integration, boosting the value of eETH and promoting wider DeFi adoption.</li></ul><h3><strong>Ether.fi’s Cons</strong></h3><ul><li>Complexity varies based on engagement type, from easy to advanced, which may deter less experienced users.</li></ul><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>1. Core Features of Ether.fi</strong></h2><p>Ether.fi stands out as a beacon in the decentralized finance (DeFi) realm, particularly for enthusiasts drawn towards Ethereum staking. The core of its allure lies in its decentralized, non-custodial liquid staking platform, a haven for those seeking to earn rewards without relinquishing control of their assets. Let me dive into the crux of what makes Ether.fi not just another staking platform, but a pioneering force.</p><figure class="image"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/stake_a5683e1c00.png" alt="stake.png"></figure><ul><li><strong>Multi-Token Staking:</strong> Ether.fi welcomes a diverse crowd with support for ETH, stETH, RS-stETH, cbETH, RS-cbETH, WBETH, and RS-WBETH, catering to both Ethereum holders and DeFi enthusiasts.</li><li><strong>Revolutionary eETH:</strong> This native Liquid Staking Token (LST) simplifies staking. Deposit ETH, earn rewards, and enjoy automatic restaking on EigenLayer for amplified returns.</li><li><strong>EigenLayer Integration:</strong> Their partnership signifies a commitment to innovation. Users benefit from cutting-edge solutions and potentially higher rewards.</li><li><strong>Operation Solo Staker:</strong> Ether.fi champions decentralization by launching validator nodes globally, fortifying Ethereum's security.</li><li><strong>Future-Proof DeFi:</strong> Integration with DeFi protocols expands eETH's utility, boosting its value and promoting wider DeFi adoption.</li></ul><p>Ether.Fi is also poised to unveil its latest innovation, the <a href="https://www.coindesk.com/tech/2024/03/12/etherfi-to-introduce-ethfi-token-on-binance-launchpool-next-week/"><u>ETHERFI token</u></a>, on the renowned Binance Launchpool platform next week. Binance will be the first to list the highly anticipated ETHFI token.</p><p>For those who are not familiar with Binance, its Launchpool empowers users to stake existing crypto assets and earn coveted new tokens upon their release, fostering early project participation and rewarding opportunities. In the case of ETHERFI, users can stake BNB and FDUSD into separate pools to farm the new tokens over a four-day period, commencing from March 14, 00:00 UTC.</p><p>Upon the successful completion of the Launchpool event, ETHFI will make its debut on Binance at 12:00 UTC on March 18, with trading pairs available in ETHFI versus BTC, USDT, and BNB, among others. The maximum token supply for ETHFI is set at an impressive 1 billion, with Launchpool token rewards accounting for 20 million, a significant 2% of the maximum supply.</p><p>At the time of listing, the initial circulating supply of ETHFI will be 115.2 million, constituting an impressive 11.5% of the maximum supply, ensuring a robust and liquid market from the outset. This strategic move caters to the growing demand from crypto traders seeking liquid restaking protocols for the extra yield opportunities and the potential rewards such as points or airdropped tokens.</p><p>Mike Silagadze, the visionary CEO of Ether.Fi, emphasizes the profound importance of this innovation in utilizing Ethereum's blockchain for securing other networks, enhancing the ecosystem's efficiency and utility.&nbsp;</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>2. How to Get Started with Ether.fi</strong></h2><p>Ether.fi opens the door to Ethereum staking for everyone, from crypto novices to seasoned veterans. Let's explore your options and get you started!</p><div class="raw-html-embed">

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 &nbsp;<table border="1" cellpadding="5" cellspacing="0"><tbody><tr><th>Options</th><th>Permission Type</th><th>Complexity</th><th>Key Management</th><th>Staking min.</th></tr><tr><td>Mint eETH</td><td>Permissionless</td><td>Easy</td><td>Relies on security of other stakers</td><td>.001</td></tr><tr><td>Operation Solo Staker</td><td>Permissioned (Until Q1 2024)</td><td>Intermediate to advanced</td><td>DVT for key management</td><td>0</td></tr><tr><td>Bond 2 ETH for BNFT</td><td>Permissionless</td><td>Complex</td><td>Own your keys</td><td>2 ETH</td></tr><tr><td>Stake full 32 ETH</td><td>Permissionless</td><td>Complex</td><td>Own your keys</td><td>32 ETH</td></tr>

</tbody></table></div><p>Here's a streamlined guide to kickstart your journey on Ether.fi, breaking it down into manageable, bite-sized steps.</p><ul><li><strong>Mint eETH:</strong> This is your go-to option if you're looking for the easiest route. Simply visit the<a href="https://app.ether.fi/">&nbsp;Ether.fi app</a>, navigate to the eETH tab, and connect your wallet. You can stake as little as .001 ETH to receive eETH, which relies on the collective security of other stakers.</li><li><strong>Operation Solo Staker:&nbsp;</strong>For those who prefer a more hands-on approach and have an intermediate to advanced understanding of Ethereum, becoming a Solo Staker might be up your alley. You'll need to submit an application on Ether.fi, and wait for approval. This option is permissioned until Q1 2024 but requires no minimum stake.</li><li><strong>Bond 2 ETH for BNFT:&nbsp;</strong>For a more complex involvement, bonding 2 ETH for BNFT grants you permissionless engagement with your own keys. This method is ideal for users comfortable with managing their security and willing to invest a bit more into the system.</li><li><strong>Stake full 32 ETH:&nbsp;</strong>The most complex and investment-heavy option, staking a full 32 ETH, offers you the full validator experience on Ethereum. This is permissionless and allows you to own your keys, representing a significant commitment to the network.</li></ul><p>For a detailed tutorial on bonding 2 ETH for BNFT or staking a full 32 ETH, Ether.fi's<a href="https://etherfi.gitbook.io/etherfi/solo-stakers/32-eth-stakers">&nbsp;<u>official guide</u></a> is an invaluable resource.</p><figure class="image image_resized" style="width:90.64%;"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/image_35e0dc4777.webp" alt="image.webp"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>3. Performance and Returns</strong></h2><p>Ether.fi's journey in the digital finance space is an intriguing one, showcasing a robust performance and offering a unique value proposition through its loyalty points and staking rewards system. With an Annual Percentage Rate (APR) of 4.02%, Ether.fi not only incentivizes its users through competitive yield rates but also enriches their engagement through the accumulation of loyalty points. These points, earned by staking eETH/weETH and through engagement in ecosystem pathways, serve dual purposes: facilitating decentralized governance and enhancing user commitment.</p><p>As of March 5, 2024, Ether.fi has impressively amassed $2.02B in total value locked (TVL), with 541K ETH staked, marking a remarkable 81.1% increase in just one month. This positions it as the premier liquid restaking platform on the Ethereum network in terms of TVL and market share, according to the latest data from Dune. This performance not only speaks to the platform's growing popularity but also to its capability in securing significant trust and investment from its user base.</p><figure class="image image_resized" style="width:84.26%;"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Dune_3e1d9705c2.png" alt="Dune.png"></figure><p>A standout feature of Ether.fi's model is its community allocation base, starting at 8% and increasing by 0.25% for every additional 50k eETH staked over two-week periods, up to a cap of 10%. This mechanism ensures that 50% of the top-up benefits existing eETH stakers while the remaining 50% is allocated to new stakers. Furthermore, around 40% of Ether.fi's total supply is earmarked for community distribution over time, underscoring the platform's commitment to rewarding its users and fostering a sense of ownership and participation.&nbsp;&nbsp;</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>5. Security and Trustworthiness</strong></h2><p>Ether.fi takes security seriously, aiming to minimize counterparty risk through a user-controlled staking model. Unlike custodial services, users hold the keys to their staked assets, reducing reliance on potentially vulnerable node operators.</p><p>Further bolstering trust, Ether.fi leverages reputable security firms. The Early Adopter Pool benefited from audits by Certik and Zellic, while the core Ether.fi Protocol underwent rigorous scrutiny by Nethermind, Omniscia, and Solidified. This multi-pronged approach helps identify and address potential vulnerabilities.</p><figure class="image"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/audits_c10fedba4d.png" alt="audits.png"></figure><p>Looking ahead, Ether.fi plans to implement a bug bounty program, incentivizing the security community to discover and report issues. This fosters a collaborative environment that prioritizes the platform's long-term resilience.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>6. User Experience and Support</strong></h2><p>Ether.fi prioritizes a secure and user-friendly experience. Their interface simplifies validator monitoring with clear notifications and alerts, a feature I find particularly helpful as a crypto enthusiast (dabbling in staking myself!). This focus on user experience extends to their unique approach to liquid staking.&nbsp;</p><figure class="image"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/faq_3e8e9c321d.png" alt="faq.png"></figure><p>Unlike traditional methods, Ether.fi empowers users to retain control of their staked ETH keys, minimizing risks – a point heavily praised by the community. This community-centric approach is further evidenced by their partnerships with leading node operators like Kiln, Finoa, DSRV, and Allnodes, solidifying Ether.fi's collaborative stance within the staking market.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Conclusion: Should You Stake with Ether.fi?</strong></h2><p>Ether.fi unlocks a world of opportunity for crypto users of all levels. From easy eETH minting to advanced solo staking, it caters to diverse needs. Competitive returns, a strong community focus, and a commitment to security make Ether.fi a compelling option for your Ethereum staking journey. Is Ether.fi the key to unlocking your DeFi potential?</p>

Ether.fi review: Earn DeFi rewards on staked Ethereum (ETH) with low risk. Keep control of your keys and unlock more DeFi opportunities.

Ether.fi

<h2><strong>An In-Depth Review of Renzo Protocol</strong></h2><p>Renzo Protocol emerges as a game-changer in the&nbsp;<a href="https://coin360.com/coin/ethereum-eth"><u>ETH</u></a> Restaking domain, offering a Liquid Restaking Token (LRT) and Strategy Manager designed for EigenLayer. With its innovative approach, Renzo simplifies the complexity of staking, ensuring higher yields and seamless collaboration between users and EigenLayer node operators. By advocating for permissionless innovation and trust on&nbsp;<a href="https://coin360.com/coin/ethereum-eth"><u>Ethereum</u></a>, Renzo stands at the forefront, pushing for the mass adoption of EigenLayer.&nbsp;</p><p>Having secured a substantial $3.2 million seed funding at a&nbsp;<a href="https://www.theblock.co/post/272679/ethereum-restaking-protocol-renzo-eigenlayer-funding-valuation"><u>$25 million valuation</u></a>, Renzo is geared to redefine Ethereum staking. Dive into this review to uncover how Renzo Protocol is setting new standards in the restaking landscape!</p><figure class="image"><img alt="homepage.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/homepage_c12fa54d26.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Key Takeways</strong></h2><p>Diving into the Renzo Protocol has been quite the adventure, and I'm here to distill the essence of what makes this platform stand out—or not. Here's the no-fluff rundown based on a thorough analysis:</p><ul><li><strong>Innovative Restaking Options:</strong> Offers unique restaking solutions with no minimum of 32 ETH required. Introduces ezETH for liquidity in DeFi activities.</li><li><strong>Wide Token Support:&nbsp;</strong>Embraces ETH, wBETH, and stETH, enhancing restaking versatility.</li><li><strong>Strategic Tools for Yield Maximization:</strong> Implements Active Validated Services (AVS) on EigenLayer to optimize yields while minimizing risks.</li><li><strong>Cross-Chain Expansion:&nbsp;</strong>Engages with Connext Network and plans to introduce BNB Chain restaking, backed by significant investment from Binance Labs.</li><li><strong>Decentralized Governance:</strong> Prepares for snapshot votes and on-chain governance, allowing community involvement in strategic decisions.</li><li><strong>Accessibility and User Interface:&nbsp;</strong>Boasts an intuitive platform, making it straightforward for users to engage in liquid restaking.</li><li><strong>Impressive Performance Metrics:&nbsp;</strong>Claims a $854M Total Value Locked (TVL) and over 225,480 ETH staked, with competitive returns of 3.1% APR.</li><li><strong>Security Measures:&nbsp;</strong>Utilizes Figment for staking services, undergoes audits (e.g., Halborn), and offers a $250,000 bug bounty for vulnerabilities.</li><li><strong>Support Channels and Responsiveness:&nbsp;</strong>Provides support via Telegram and Discord, with varying response times.</li></ul><figure class="image"><img alt="tvl ranking.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/tvl_ranking_518763ee39.png"><figcaption>Renzo's ranking on DefiLlama.</figcaption></figure><h3><strong>Renzo Protocol’s Pros and Cons</strong></h3><h4><strong>Pros</strong></h4><ul><li>Supports a wide range of tokens including native ETH, wBETH, and stETH, broadening restaking opportunities.</li><li>Unique tools and services like Actively Validated Services (AVSs) on EigenLayer, enhancing yield while managing risk.</li><li>Cross-chain capabilities and significant investments, including a collaboration with Connext Network and backing from Binance Labs, simplify the restaking process and reduce transaction costs.</li><li>Strong focus on security and trustworthiness with a clean audit from Figment, a $250,000 bug bounty program, and transparent, open-source contracts.</li></ul><h4><strong>Cons</strong></h4><ul><li>Potential delays in community support response times, impacting user experience.</li><li>Mandatory cooldown period for withdrawing staked ETH, limiting liquidity for users.</li></ul><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>1. Core Features of Renzo Protocol</strong></h2><p>Renzo Protocol cuts a fresh path through the&nbsp;<a href="https://coin360.com/glossary/decentralised-finance"><u>DeFi</u></a> landscape, acting as a bridge to the EigenLayer ecosystem for a more accessible and secure Ethereum restaking experience.&nbsp;Here’s the inside scoop:</p><ul><li><strong>Innovative Restaking Options:&nbsp;</strong>Whether you're holding ETH or Liquid&nbsp;<a href="https://coin360.com/glossary/DeFi-Staking"><u>Staking</u></a> Tokens (LSTs), Renzo has got you covered. The platform allows users to restake any amount of ETH or stake LSTs within a set maximum cap. And the cherry on top? You don't need a whopping 32 ETH to get started. Deposit your ETH or LSTs, and in exchange, you get ezETH, which you then can swap, supply on DEXs, or use to dive into DeFi pools.&nbsp;</li><li><strong>Integration: </strong>Renzo has also announced the&nbsp;<a href="https://www.coinlive.com/news-flash/432219"><u>integration</u></a> with Pendle Finance for DeFi yield support with ezETH. A 1:1 SY token based on EIP5115 will represent ezETH for re-pledge rewards.&nbsp;&nbsp;</li><li><strong>Supported Tokens Galore:</strong> Renzo isn't just about native ETH. It welcomes wBETH and&nbsp;<a href="https://coin360.com/coin/lido-steth-steth"><u>stETH</u></a> with open arms, broadening your restaking horizons.</li><li><strong>Unique Tools &amp; Services:&nbsp;</strong>The platform isn't just a staking ground; it's a strategy powerhouse. By securing Actively Validated Services (AVSs) on EigenLayer, Renzo maximizes your yield while keeping risks at bay. Plus, with ezPoints and EigenLayer Points, your contribution to the protocol’s success doesn't go unnoticed.</li><li><strong>Cross-chain Capabilities &amp; Investments:&nbsp;</strong>Collaboration with Connext Network for native cross-chain restaking on layer 2 networks? Check. Significant backing from&nbsp;<a href="https://coin360.com/review/binance"><u>Binance</u></a> Labs with plans to expand restaking options to the&nbsp;<a href="https://coin360.com/coin/binance-coin-bnb"><u>BNB</u></a> Chain? Double-check. This not only simplifies the restaking process but also reduces transaction costs significantly.</li><li><strong>Governance &amp; Community-Driven Decisions:&nbsp;</strong>With snapshot votes and on-chain governance on the horizon, your voice in selecting AVSs and guiding Renzo's strategic direction is guaranteed.</li></ul><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>2. How to Get Started with Renzo Protocol</strong></h2><p>Intrigued by the potential of Renzo Protocol's ezETH and its boosted staking yields?&nbsp; Here's a quick guide to get your feet wet. This process assumes you already have a crypto&nbsp;<a href="https://coin360.com/glossary/crypto-wallets"><u>wallet</u></a> set up and funded with some Ethereum (ETH).</p><ol><li>Go to&nbsp;<a href="https://app.renzoprotocol.com/restake%E2%80%8B"><u>https://app.renzoprotocol.com/restake​</u></a></li><li>Connect your wallet</li><li>Switch to Ethereum&nbsp;<a href="https://coin360.com/glossary/mainnet"><u>Mainnet</u></a></li><li>Choose an asset from the list and confirm your intent to Restake</li><li>Enter the amount you want to Restake and confirm</li><li>Review and confirm the transaction</li><li>Confirm the transaction on your wallet</li><li>Once confirmed, check Etherscan</li><li>Visit the Portfolio tab to view your earned EigenLayer Restaked points and staking rewards&nbsp;&nbsp;</li></ol><figure class="image"><img alt="stake.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/stake_89a1b9f8e7.png"></figure><p>Remember, post-stake, withdrawing your ETH is on hold until Q1 2024, following a cooldown period.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>3. Performance and Returns</strong></h2><p>Renzo Protocol boasts impressive stats as a rising star in the liquid staking space. Currently the #3 platform with a whopping $854M in&nbsp;<a href="https://coin360.com/glossary/understanding-tvl-defi"><u>Total Value Locked</u></a> (<a href="https://coin360.com/glossary/understanding-tvl-defi"><u>TVL</u></a>) and over 225,500 ETH staked (as of March 6, 2024), it offers competitive returns of 3.1% APR while keeping your assets liquid.</p><p>What sets Renzo apart are its innovative reward tiers: ETH staking yields via Figment, EigenLayer Restaking Points, and Renzo ezPoints. These platforms not only boost your staking returns but also reward your engagement and contributions. The ezPoints system, for example, enriches your portfolio for minting ezETH and nurturing it, with additional perks for early birds and through referrals.</p><figure class="image"><img alt="analytics.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/analytics_818a7ad20e.png"></figure><p>Renzo's yield magic springs from ETH validators and, with the advent of AVSs, through Renzo&nbsp;<a href="https://coin360.com/glossary/node"><u>Node</u></a> operators. Although yields might take a fortnight to fully distribute, reflecting a fluctuating APR in times of TVL growth, stability brings it closer to anticipated returns.</p><p>Crucially, Renzo partners with Figment and P2P.org for top-tier Ethereum node operations, ensuring reliable Ethereum rewards. Plus, the anticipation of EigenLayer's launch promises to elevate the APR further, as it’s calculated on a 14-day moving average of ETH Validator Nodes’ rewards, including upcoming EigenLayer benefits.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>4. Security and Trustworthiness</strong></h2><p>While Renzo Protocol utilizes battle-tested staking provider Figment (known for their clean 2023 audit and slashing insurance), there's inherent&nbsp;<a href="https://coin360.com/glossary/smart-contracts"><u>smart contract</u></a> risk. To mitigate this, Renzo employs Halborn, a reputable auditor, and leverages the transparency of open-source contracts. Additionally, their $250,000 bug bounty with Immunefi incentivizes security researchers to identify and resolve potential vulnerabilities. This multi-layered approach fosters a secure environment for user funds.</p><p>As an enthusiast who's witnessed DeFi exploits firsthand, I find this transparency and proactive approach commendable. It demonstrates Renzo's commitment to user security, a critical factor in today's evolving DeFi landscape.&nbsp;</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>5. User Experience and Support</strong></h2><p>Renzo Protocol boasts a user-friendly interface, streamlining the process of liquid restaking Ethereum through EigenLayer.&nbsp; Even for crypto newbies, the platform offers a clean and intuitive design, making it easy to participate and earn ezETH, the liquid restaking token.</p><p>While both Telegram and Discord channels are available for support, response times seem to vary. My experience suggests Telegram offers swifter replies, while queries on the more active Discord server might take a bit longer. To empower self-service, Renzo Protocol also provides comprehensive FAQs and guides to address common questions and walk users through basic tasks.</p><figure class="image image_resized" style="width:85.37%;"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/community_channels_79cee17d87.png" alt="community channels.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Conclusion: Should You Stake with Renzo Protocol?</strong></h2><p>Tempted by easy-to-use liquid staking with impressive yields? Renzo Protocol beckons with its innovative features and strong security practices. With low minimums and cross-chain options, it caters to both crypto veterans and newcomers. However, consider the wait for ETH withdrawals and potential delays in community support response times before diving in!</p>

Unsure about Renzo Protocol? This review unveils its pros, cons, and unique features to help you decide if it's the right fit for your crypto journey.

Renzo

<h2><strong>An In-Depth Review of Puffer Finance</strong></h2><p>Puffer Finance redefines <a href="https://coin360.com/coin/ethereum-eth"><u>Ethereum</u></a> restaking with its cutting-edge liquid restaking protocol on EigenLayer, leveraging anti-slashing tech and a permissionless validator setup. With a solid backing from Binance Labs and an <a href="https://www.prnewswire.com/news-releases/puffer-finance-raises-5-5m-seed-funding-to-strengthen-ethereum-decentralization--scalability-301896002.html"><u>impressive funding journey</u></a>—$120K Ethereum Grant, $650K Pre-Seed, and $5.5M from <a href="https://coin360.com/review/binance"><u>Binance</u></a> Labs—Puffer Finance ascends as the leader in the ETH restaking arena.&nbsp;</p><p>Its unique blend of security, simplicity, and profitability, not to mention significant financial endorsements, marks it as a game-changer.&nbsp;Let's dissect Puffer Finance in more detail and see if it lives up to the hype.</p><figure class="image"><img alt="homepage.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/homepage_3fa3e29550.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Key Takeways</strong></h2><p>Exploring Puffer Finance unveils exciting innovations and opportunities in Ethereum restaking.&nbsp;Here are the nuggets of wisdom to guide your exploration:</p><ul><li><strong>Unique Offering:&nbsp;</strong>Puffer Finance introduces a pioneering approach with its liquid restaking protocol on EigenLayer, equipped with anti-slashing technology and a permissionless validator setup, backed by significant financial investments including Binance Labs.</li><li><strong>Core Features:&nbsp;</strong>Offers stETH depositors pufETH tokens, a yield-earning asset. Stakers can join with any amount of ETH, while Node Operators need just 1 ETH plus Validator Tickets to manage a 32 ETH validator, pocketing 100% of PoS rewards.</li><li><strong>DeFi Integration:&nbsp;</strong>Limited currently, but expanding. Stakers can provide liquidity for pufETH on selected platforms.</li><li><strong>Performance and Returns:</strong> Impressive growth with $1.394 billion TVL and a unique earning potential through both PoS and restaking rewards. The "Puffy's Crunchy Carrot Quest" showcases a potential APY exceeding 3.3%.</li><li><strong>Security Measures:&nbsp;</strong>Incorporates anti-slashing hardware and collateral locking, alongside a security counsel to mitigate risks. Proactive risk management through diversification across Eigenlayer AVSs.</li><li><strong>User Experience:</strong> Friendly, cartoonish interface making staking accessible. Extensive support through FAQs, guides, and an active Discord community.</li><li><strong>Cautions:</strong> Despite its attractive features, the platform's newness in the market and limited DeFi integration suggest a careful approach is warranted.&nbsp;</li></ul><figure class="image"><img alt="options.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/options_a914264f81.png"></figure><h3><strong>Puffer Finance’s Pros and Cons</strong></h3><h4><strong>Pros:</strong></h4><ul><li>Innovative token design enhances earning potential by combining PoS and restaking rewards, fostering increased returns for stakers.</li><li>Exceptional growth demonstrated by a significant increase in Total Value Locked (TVL), indicating robust platform adoption and trust among users.</li><li>Strong security measures, including anti-slashing technology and a permissionless validator setup, mitigate risks and ensure the safety of assets.</li><li>Engaging user experience with comprehensive support resources and an active community for assistance and guidance.</li></ul><h4><strong>Cons:</strong></h4><ul><li>Limited DeFi integration restricts users' ability to engage in various DeFi activities like borrowing and lending, potentially limiting the platform's utility.</li><li>Newness in the market might require users to conduct thorough research to fully understand the platform's stability and long-term viability.</li></ul><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>1. Core Features of Puffer Finance</strong></h2><p>Puffer Finance stands out in the DeFi space with its unique approach to Ethereum staking. Here's a breakdown of its core features:</p><ul><li><strong>Supported Tokens:&nbsp;</strong>For the stETH aficionados, you deposit stETH and receive pufETH in return. This isn't just any token; it's a yield-earning machine, thanks to its footing in both ETH staking and restaking activities.</li><li><strong>Staking Options:</strong><ul><li><strong>Stakers:</strong> Throw in any amount of ETH, and you're part of creating 32 ETH validators, masterfully managed by Node Operators (NoOps). Your reward? The pufETH token, growing in value as the protocol churns out validator tickets and rakes in restaking rewards.</li><li><strong>Node Operators (NoOps):</strong> With a mere 1 ETH and Validator Tickets as your ticket in, you command a 32 ETH validator. The kicker? You pocket 100% of the Proof of Stake rewards, with an option to join restaking modules for extra commission.</li></ul></li><li><strong>DeFi Integration:</strong> Currently, you can only add liquidity for pufETH on a limited number of DeFi platforms, and can’t perform other actions such as borrowing or lending, but this may change as the team integrates with more platforms.&nbsp;&nbsp;<strong>&nbsp;</strong></li></ul><figure class="image"><img alt="stake 1.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/stake_1_ba59587f49.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>2. How to Get Started with Puffer Finance</strong></h2><p>Here's a quick guide to get your first stake rolling in Puffer’s Crunchy Carrot Quest:</p><ul><li><strong>Chapter 1:</strong> Connect your Twitter and join the quest to bag an easy 1,000 Puffer Points. My entry into this world began with this simple step, reminding me of the early days of crypto explorations—exciting and filled with unknown treasures.</li><li><strong>Chapter 2:&nbsp;</strong>Deposit your stETH on Curve to earn a whopping 10,000 Puffer Points per stETH. Most users may still remember the rush of making their deposit before February 9, securing not just Puffer Points but also EigenLayer Points, adding a layer of thrill to the anticipation of rewards.</li><li><strong>Chapter 3 (the current launching chapter):&nbsp;</strong>Now, you're in the realm of active participation. For each stETH staked, you instantly earn 1,000 Puffer Points. Holding pufETH in your wallet fattens your points by 30 hourly. Opting to provide liquidity? That’s where the real game is; liquidity providers in the pufETH-wstETH Curve pool enjoy an accelerated rate of 60 points per hour.&nbsp;</li></ul><figure class="image image_resized" style="width:90.79%;"><img alt="stake 2.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/stake_2_5bcf8ab3bc.png"></figure><p>Remember, to keep accumulating EigenLayer Points, maintain those pufETH in the same wallet.&nbsp;</p><p>Why stETH? It’s about reshaping the LST space, aiming to decentralize Ethereum further and prevent potential risks to the ecosystem. The commitment to convert all stETH deposits into ETH with the mainnet launch added a reassuring layer of trust and anticipation for me.</p><p>For those ready to dive in, head to<a href="https://curve.fi/#/ethereum/pools/factory-stable-ng-83/deposit">&nbsp;</a>Curve Finance’s&nbsp;<a href="https://curve.fi/#/ethereum/pools/factory-stable-ng-83/deposit"><u>pufETH/wstETH pool</u></a> to start providing liquidity.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>3. Performance and Returns</strong></h2><p>Puffer Finance boasts an impressive track record. They soared to the number two spot amongst liquid re-staking protocols on Ethereum within a short timeframe, currently capturing a whopping $1.394 billion in Total Value Locked (TVL). That's a staggering 128.3% growth in just one month! This rapid rise can likely be attributed to their innovative pufETH token.</p><figure class="image image_resized" style="width:86.28%;"><img alt="Dune.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Dune_99907d6d98.png"></figure><p>Unlike traditional liquid staking tokens (LSTs) that solely accrue Proof-of-Stake (PoS) rewards, pufETH offers a double dose of earning potential. It accumulates both PoS rewards and restaking rewards, significantly boosting returns for stakers without the need for complex DeFi maneuvers. The kicker? pufETH remains a fully liquid token, seamlessly integrating with DeFi for those seeking composability.</p><p>This unique design offers another enticing advantage. Instead of the slow burn of waiting for PoS rewards to trickle in, pufETH holders see rewards granted every time validator tickets are minted. This dynamic heavily favors early adopters, as pufETH can rapidly appreciate in value due to all future minted validator tickets, even in a scenario with extreme congestion on the beacon chain's validator queue.</p><figure class="image"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/apy_940c3535ec.png" alt="apy.png"></figure><p>For those seeking a glimpse into potential returns, Puffer Finance's "Puffy's Crunchy Carrot Quest" provides a compelling example. This initiative, which locked a substantial 366.20K ETH, boasts a projected APY (Annual Percentage Yield) exceeding 3.3%. That's not all – participants can also expect to earn a hefty sum of Puffer Points (7.06 billion) and Eigenlayer Points (227.82 million).</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>4. Security and Trustworthiness</strong></h2><p>Puffer Finance amps up security with its NoOps strategy, using anti-slashing hardware and collateral locking to mitigate slashing risks. Its security counsel and strict rules for AVSs and operators strengthen its defense.</p><p>Despite this, evaluating its audit history and addressing past incidents is crucial for trust. Diversifying ETH across Eigenlayer AVSs shows a proactive risk management approach.&nbsp;&nbsp;</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>5. User Experience and Support</strong></h2><p>Puffer Finance takes a deep dive into user-friendliness. Their platform boasts a whimsical, under-the-sea cartoon interface that feels inviting and approachable, even for crypto newbies. Staking and navigating through the platform are designed to be a smooth process.</p><figure class="image"><img alt="chat support-imageonline.co-merged.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/chat_support_imageonline_co_merged_d1a368efd2.png"></figure><p>While Puffer prioritizes clear communication, it's important to DYOR (do your own research) before diving in. Their comprehensive website resources, including FAQs and in-depth guides, are a great starting point.&nbsp; But the real gem lies in their active Discord community.&nbsp; My experience?&nbsp; Questions are often met with speedy responses from both moderators and helpful community members, fostering a collaborative and supportive environment.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Conclusion: Should You Stake with Puffer Finance?</strong></h2><p>Puffer Finance offers a compelling option for crypto users seeking high returns and a user-friendly experience. With its innovative pufETH token and impressive growth, it stands out in the DeFi space. However, the lack of extensive DeFi integration and its young age in the market warrant further research before diving in. DYOR and consider your risk tolerance – Puffer Finance might be a great fit for adventurous DeFi explorers.</p>

Rethink ETH restaking with Puffer Finance! Earn high APYs & unlock DeFi opportunities. But is it safe? Our review reveals all.

Puffer Finance

<h2><strong>An In-Depth Review of Kelp DAO</strong></h2><p>Ever wondered how to earn double duty on your staked&nbsp;<a href="https://coin360.com/coin/ethereum-eth"><u>Ethereum</u></a>? Look no further than Kelp DAO, a revolutionary platform in the&nbsp;<a href="https://coin360.com/coin/ethereum-eth"><u>ETH</u></a> restaking space. Kelp DAO builds upon EigenLayer, a powerful protocol that unlocks the security of Ethereum for other blockchains.&nbsp;</p><p>But Kelp DAO takes it a step further. It offers a liquid restaking solution through its token, rsETH, allowing you to keep earning on your staked ETH while retaining instant access to your funds. Intrigued? Dive deeper into this review to see if Kelp DAO is the key to maximizing your Ethereum holdings.</p><figure class="image"><img alt="homepage.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/homepage_bf6bac1fb9.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Key Takeaways</strong></h2><p>Exploring Kelp DAO, a significant platform in the crypto world.&nbsp;Here's the meat of the matter, distilled into bullet points for those keen on cutting through the fluff and getting to the core insights:</p><ul><li><strong>Innovative Liquid Staking:</strong> Kelp DAO introduces rsETH, revolutionizing ETH staking by allowing you to earn yields on staked ETH while retaining access to your funds.</li><li><strong>Flexible Token Support:</strong> Welcomes a variety of players with open arms—ETH, stETH, sfrxETH, and ETHx holders, offering diverse staking strategies.</li><li><strong>KEP Token Utility:&nbsp;</strong>Breaks new ground with the KEP token, enhancing liquidity and offering a fresh perspective on asset management.</li><li><strong>Efficient Reward Distribution:&nbsp;</strong>Automates restaking and distributes all earned EigenLayer points as KEP tokens among rsETH holders, ensuring a fair rewards system.</li><li><strong>User-Friendly Onboarding:&nbsp;</strong>A straightforward process to connect your crypto wallet and start staking, accompanied by a helpful dashboard to track rewards.</li><li><strong>Competitive Performance:&nbsp;</strong>Boasts an APY of 3.09%, slightly higher than competitors, with over $763.62M in TVL and 15,000+ rsETH holders.</li><li><strong>No-Fee Policy:&nbsp;</strong>Attracts users by eliminating LST deposit fees, making restaking more accessible and enhancing overall returns.</li><li><strong>Robust Security:&nbsp;</strong>Proactive in securing the platform with multiple audits, particularly a notable one by Code4rena in November 2023, emphasizing ongoing risk management.</li><li><strong>Vibrant Community Support:&nbsp;</strong>Maintains an active Discord channel for real-time assistance, reflecting their commitment to a smooth user experience.</li></ul><figure class="image"><img alt="ui.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/ui_31ba7a603d.png"></figure><h3><strong>Kelp DAO’s Pros and Cons</strong></h3><h4><strong>Pros</strong></h4><ul><li><strong>Versatile Token Support:&nbsp;</strong>Flexibility for users with a variety of staking strategies thanks to support for multiple tokens (e.g., ETH, stETH).</li><li><strong>Innovative Liquid Staking Solutions:&nbsp;</strong>Enhances liquidity and offers additional yield opportunities through liquid staking.</li><li><strong>Efficient Reward Distribution:&nbsp;</strong>Fair and transparent allocation of rewards among participants, promoting an equitable ecosystem.</li><li><strong>User-Friendly Experience and Support:</strong> Streamlined processes and a supportive community enhance user engagement and satisfaction.</li></ul><h4><strong>Cons</strong></h4><ul><li><strong>Limited Withdrawal Options:</strong> Current limitations on withdrawals may affect liquidity and user flexibility.</li><li><strong>Navigating Gas Costs and Timing:</strong> Automated features aim to mitigate these, but they remain considerations for users.</li></ul><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>1. Core Features of Kelp DAO</strong></h2><p>Kelp DAO shines as a beacon in the liquid restaking arena, thanks to its innovative founders, Amitej G and Dheeraj B, of Stader Labs fame. This protocol transforms Ethereum staking by offering a "liquid staking" approach where users wrap staked ETH derivatives for extra yield opportunities. Here's the scoop on Kelp DAO's standout features:</p><ul><li><strong>Supported Tokens:</strong> It's all about flexibility here. Kelp DAO rolls out the red carpet for ETH,&nbsp;<a href="https://coin360.com/coin/lido-steth-steth"><u>stETH</u></a>, sfrxETH, and ETHx enthusiasts, making it a playground for various staking strategies.</li><li><strong>Liquid&nbsp;</strong><a href="https://coin360.com/glossary/DeFi-Staking"><strong><u>Staking</u></strong></a><strong>:</strong> By introducing rsETH, Kelp DAO allows depositors to dip into the world of liquid staking, unlocking additional yield avenues on staked assets.</li><li><strong>KEP Token Innovation:</strong> Enter the KEP token, a game-changer designed to liquefy the stagnant waters of EigenLayer points. This strategy is a win-win, enhancing liquidity and offering a fresh take on asset management.</li><li><strong>Unpause Queue:&nbsp;</strong>Ever feel like you're always a step behind? Kelp's&nbsp;<a href="https://newsroom.seaprwire.com/technologies/kelp-dao-introduces-eigenlayer-unpause-queue-to-streamline-lst-restaking-process/"><u>Unpause Queue</u></a> puts an end to that, automating restaking ahead of EigenLayer's windows. This means more rewards and fewer headaches over timing and gas costs.</li><li><strong>Reward Distribution:</strong> In a generous move, Kelp DAO distributes all earned EigenLayer points as KEP tokens among rsETH holders, ensuring a fair share of the pie for everyone.</li><li><strong>DeFi Integration:</strong> Users participating in DeFi with rsETH can earn Kelp Miles and EigenLayer points, along with additional yields from DeFi opportunities. Kelp incentivizes with boosted Kelp Miles, providing extra benefits. Current DeFi integrations include Pendle, Uniswap, Curve, and Balancer, offering various opportunities and benefits for participants.</li></ul><figure class="image"><img alt="defi.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/defi_183085bd9c.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>2. How to Get Started with Kelp DAO</strong></h2><p>Intrigued by Kelp DAO's innovative staking options and the potential for earning Kelp Miles and EigenLayer (EL) Points? Getting started is a breeze! Let's dive in.</p><ol><li><strong>Connect your Crypto Wallet:</strong> Head over to KelpDAO's&nbsp;<a href="https://coin360.com/glossary/decentralised-application"><u>dapp</u></a> (<a href="https://coin360.com/glossary/decentralised-application"><u>decentralized application</u></a>) and connect your preferred crypto&nbsp;<a href="https://coin360.com/glossary/crypto-wallets"><u>wallet</u></a>. Popular choices include&nbsp;<a href="https://coin360.com/review/metamask"><u>MetaMask</u></a> or&nbsp;<a href="https://coin360.com/coin/trust-wallet-token-twt"><u>Trust Wallet</u></a>.</li><li><strong>Choose your Stake:</strong> Decide how much sfrxETH (or other supported assets) you'd like to stake. Remember, you can always add more later to boost your potential rewards.</li><li><strong>Approve and Stake:</strong> Review the transaction details carefully, then hit approve to authorize the staking process. KelpDAO will guide you through the steps, making it a smooth and user-friendly experience.</li></ol><figure class="image"><img alt="stake.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/stake_86705e74f6.png"></figure><p>Your adventure doesn't stop at staking. Swing by the Dashboard to track your Kelp Miles and EL Restaked Points. These update hourly, so if your screen's looking empty, hang tight. This dashboard is your window into how your contributions are flourishing in real-time. Welcome to Kelp DAO - where your crypto journey takes a leap forward!</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>3. Performance and Returns</strong></h2><p>Kelp DAO shines as a formidable player in the Ethereum liquid restaking arena, with an APY of 3.09% over a 15-day moving average. This metric slightly edges out other protocols hovering just above 3% APR. Understanding the distinction between APR and APY is crucial; APY's compounding effect positions Kelp DAO favorably against platforms offering only APR rates.</p><p>As the third-largest liquid restaking protocol, Kelp DAO's impressive stats include over $763.62M in total value locked (<a href="https://coin360.com/glossary/understanding-tvl-defi"><u>TVL</u></a>), with 189,545 ETH restaked and a community of 15,000+ rsETH holders. Remarkably, more than 10% of all EigenLayer deposits during the last cap raise were funneled through Kelp in the first 15 days post-launch.&nbsp;</p><div class="raw-html-embed"><iframe width="640px" height="360px" src="https://defillama.com/chart/protocol/kelp-dao?usdInflows=false&amp;denomination=ETH&amp;theme=dark" title="DefiLlama" frameborder="0"></iframe></div><p>This rapid adoption underscores the platform's strength and community trust, further amplified by a robust growth to over 20,000 members and strategic partnerships with key&nbsp;<a href="https://coin360.com/glossary/decentralised-finance"><u>DeFi</u></a> players like Omni and WitnessChain.</p><p>The platform's no-fee policy for LST deposits enhances its appeal, promoting accessible restaking without the deterrent of extra charges. This approach, combined with partnerships and developed DeFi pools, offers rsETH holders not just enhanced rewards but a broad spectrum of liquidity options across leading exchanges.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>4. Security and Trustworthiness</strong></h2><p>Kelp DAO takes security seriously, as evidenced by their proactive approach to audits and risk management. Their&nbsp;<a href="https://coin360.com/glossary/smart-contracts"><u>smart contract</u></a> system, written in Solidity, underwent a recent audit by Code4rena in November 2023, with an impressive 194 wardens contributing reports – a testament to their commitment to transparency.&nbsp;</p><p>This focus on security extends beyond the initial audit. Kelp DAO's architecture, particularly the rsETH contracts, utilizes a one-way information flow, preventing unauthorized actions by Delegated Contracts (NDCs) and bolstering overall platform security.</p><figure class="image"><img alt="audit.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/audit_e357deb307.png"></figure><p>Let me tell you, as someone who's been involved in the crypto space for a while, seeing a platform with multiple audits and a focus on ongoing security is refreshing. It gives me peace of mind knowing they're taking steps to mitigate risks.</p><p>While Kelp DAO boasts a clean audit history so far, it's important to remember that security is an ongoing process. Staying vigilant and adapting to new threats is crucial. That's why I'm keeping an eye on any future developments or independent security research to ensure Kelp DAO maintains this high standard.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>5. User Experience and Support</strong></h2><p>Kelp DAO prioritizes a smooth user experience. Their interface streamlines restaking, with automated deposits significantly improving efficiency. While withdrawals are coming in March 2024, current features like stETH deposits showcase a user-friendly approach.&nbsp;</p><p>Their active Discord community, with responsive moderators and helpful members, allows for quick resolution of most questions. As someone who frequently relies on online communities, I find this focus on accessibility refreshing.</p><figure class="image"><img alt="support.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/support_55e0a5b678.png"><figcaption>Here's when I searched for the estimated withdrawal time.</figcaption></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Conclusion: Should You Stake with Kelp DAO?</strong></h2><p>Kelp DAO unlocks lucrative returns and user-friendly staking for your ETH. With impressive security measures and a growing community, it's a compelling option for yield-hungry crypto enthusiasts. However, the lack of current withdrawals might deter some. Consider Kelp DAO if you prioritize high APY and a user-friendly platform, but be prepared to wait for withdrawal functionality.</p>

Kelp DAO Review: Maximize your Ethereum rewards. Earn on staked ETH while keeping access to your funds.

Kelp DAO

<h2><strong>An In-Depth Review of Eigenpie</strong></h2><p>Eigenpie, a rising star in the&nbsp;<a href="https://coin360.com/coin/ethereum-eth"><u>ETH</u></a> restaking space, might be the key to unlocking additional yield and flexibility. This innovative SubDAO by Magpie takes ETH&nbsp;<a href="https://coin360.com/exchange/liquid"><u>Liquid</u></a>&nbsp;<a href="https://coin360.com/glossary/DeFi-Staking"><u>Staking</u></a> Tokens (LSTs) to the next level, offering isolated restaking and the potential to double dip on earnings. Buckle up,&nbsp;<a href="https://coin360.com/glossary/decentralised-finance"><u>DeFi</u></a> enthusiasts, as we dive deep into Eigenpie's world!</p><p>&nbsp;</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Key Takeaways</strong></h2><p>Here's the essence of what you need to know to gauge if it's the right fit for your digital finance journey:</p><ul><li><strong>Innovative Liquid Restaking:&nbsp;</strong>Eigenpie reinvents the game by allowing users to deposit Liquid Staking Tokens (LSTs) for a liquid restaked version, boosting yield and security.</li><li><strong>Wide Token Support:</strong> The platform supports a diverse array of LSTs, including&nbsp;<a href="https://coin360.com/coin/lido-steth-steth"><u>stETH</u></a>, rETH, and mETH, among others, broadening its appeal.</li><li><strong>Unique Features:&nbsp;</strong>Highlights include&nbsp;<a href="https://coin360.com/coin/chainlink-link"><u>Chainlink</u></a> CCIP integration for secure interoperability, a point system rewarding hourly deposits, and isolated liquid restaking for enhanced returns.</li><li><strong>DeFi Integration:&nbsp;</strong>Opens avenues in DeFi through collaborations with protocols like Wombat and Pendle, although clarity on yields could be improved.</li><li><strong>Performance Indicators:</strong> Boasts 94.72K ETH staked with a&nbsp;<a href="https://coin360.com/glossary/understanding-tvl-defi"><u>TVL</u></a> of $385.88 million. The point system is central to user engagement, offering&nbsp;<a href="https://coin360.com/glossary/airdrop"><u>airdrops</u></a> and IDO allocations based on activity.</li><li><strong>Concerns:</strong> Lacks transparency on expected APY/APR and has noted issues with the stability of "m" assets. Unstaking options are currently not available, limiting liquidity.</li><li><strong>Security:</strong> Partnerships with top auditors like BlockSec and PeckShield affirm Eigenpie’s commitment to security.</li><li><strong>User Experience:&nbsp;</strong>Generally user-friendly, but navigating DeFi functionalities can be tricky. Community support is available, albeit with potential delays due to high demand.</li></ul><h3><strong>Eigenpie’s Pros and Cons</strong></h3><h4><strong>Pros</strong></h4><ul><li>Broad spectrum of supported tokens, enhancing flexibility and investment opportunities.</li><li>Integration with leading DeFi protocols, opening up avenues for enhanced returns.</li><li>Robust security measures, backed by partnerships with leading auditors.</li><li>User engagement and reward distribution through a unique points system, incentivizing participation.</li></ul><h4><strong>Cons</strong></h4><ul><li>Absence of estimated APY/APR on the dashboard, affecting transparency.</li><li>Unavailability of unstaking options, adding rigidity for users wishing to withdraw their investments.</li><li>User interface can be confusing when navigating DeFi functionalities, potentially hindering usability.</li><li>Delayed support responses, especially during high inquiry volumes, impacting user experience.</li></ul><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>1. Core Features of Eigenpie</strong></h2><p>Eigenpie stands out in the Liquid Staking landscape with its innovative features designed to maximize user benefits and security. Here's a breakdown of its core offerings:</p><ul><li><strong>Liquid Restaking:&nbsp;</strong>At its core, Eigenpie allows for depositing LSTs (Liquid Staking Tokens) in exchange for a liquid, restaked version. This not only enhances security and sustainability but significantly bumps up the yield on ETH investments.</li><li><strong>Supported Tokens:&nbsp;</strong>The platform boasts a broad spectrum of supported tokens for pre-deposits, including heavyweights like stETH (<a href="https://coin360.com/coin/lido-dao-token-ldo"><u>Lido</u></a>), rETH (<a href="https://coin360.com/coin/rocket-pool-rpl"><u>Rocket Pool</u></a>), mETH (<a href="https://coin360.com/coin/mantle-mnt"><u>Mantle</u></a>), sfrxETH (<a href="https://coin360.com/coin/frax-share-fxs"><u>Frax</u></a>), wBETH (<a href="https://coin360.com/review/binance"><u>Binance</u></a>), swETH (Swell), cbETH (<a href="https://coin360.com/review/coinbase"><u>Coinbase</u></a>), ETHx (Stader), AnkrETH (<a href="https://coin360.com/coin/ankr-ankr"><u>Ankr</u></a>), OETH (Origin), OsETH (StakeWise), and LsETH (Liquid). Expect to see more LST deposits enabled soon, broadening the horizon further.</li><li><strong>Unique Tools &amp; Services:</strong><ul><li><strong>Integration with Chainlink CCIP:</strong> Ensuring secure cross-chain interoperability between&nbsp;<a href="https://coin360.com/coin/arbitrum-arb"><u>Arbitrum</u></a> and&nbsp;<a href="https://coin360.com/coin/ethereum-eth"><u>Ethereum</u></a> mainnets, setting a high standard for safety and reliability.</li><li><strong>Eigenpie Points System:</strong> Deposit your LSTs and earn points hourly, adding a layer of incentive for users.</li><li><strong>Isolated Liquid Restaking:</strong> Each restaked token (marked with a prefix "m") is an isolated, liquid version of the original LST, designed to amplify returns while maintaining income from the underlying LSTs.</li></ul></li><li><strong>DeFi Opportunities:&nbsp;</strong>Beyond just staking, Eigenpie integrates with leading DeFi protocols like Wombat, Pendle,&nbsp;<a href="https://coin360.com/coin/radiant-capital-rdnt"><u>Radiant</u></a>, Pancake, and Camelot, opening up avenues for users to explore further financial opportunities for enhanced returns.</li></ul><figure class="image"><img alt="defi.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/defi_a59cf3fe0c.png"></figure><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>2. How to Get Started with Eigenpie</strong></h2><p>Intrigued by Eigenpie? Diving in is a breeze!&nbsp;</p><ol><li><strong>Navigate to Eigenpie:</strong> Head over to&nbsp;<a href="https://www.eigenlayer.magpiexyz.io/restake"><u>https://www.eigenlayer.magpiexyz.io/restake</u></a>.</li><li><strong>Wallet Connection:&nbsp;</strong>Click to connect your digital&nbsp;<a href="https://coin360.com/glossary/crypto-wallets"><u>wallet</u></a>.</li><li><strong>Asset Selection:</strong> Pick your preferred asset for staking.</li><li><strong>Check Availability:</strong> Hit 'Restake' to see if you can join the fray (ensure the quota's not maxed out).</li><li><strong>Stake Your Claim:</strong> Enter how much you want to stake. Click 'Approve', then 'Pre-deposit'. But, pause to peek at the exchange rate, like how 1 stETH equals 0.9958 mstETH.</li><li><strong>Claim Your Rewards:</strong> Snag your mswETH once Eigenlayer's doors swing open for deposits.</li></ol><p>Easy as pie, right? Eigenpie's got you covered.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>3. Performance and Returns</strong></h2><p>Diving into Eigenpie's world, we uncover a platform boasting a significant traction with 94.72K ETH staked and a total value locked (TVL) reaching $385.88 million. What stands out immediately is the platform's unique approach to user engagement and reward distribution, particularly through its point system. This system is not just a gamification strategy but a foundational aspect of how Eigenpie incentivizes participation.</p><figure class="image"><img alt="download.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/download_d4efa17b27.png"><figcaption>Cummulative token inflow by DefiLlama.</figcaption></figure><p>At the heart of Eigenpie's offering is the accumulation of points for users depositing accepted Ethereum Liquid Staking Tokens (ETH LSTs). These points are more than mere numbers; they're tickets to potential gains. Each point accrued per hour per deposited ETH LST opens doors to airdrops of Eigenpie’s EGP token and an Initial Dex Offering (IDO) allocation. This allocation is meticulously proportional to the total points one has gathered, making every hour and every deposit count.</p><p>Early birds catching the worm at Eigenpie aren't left unmentioned. The early deposit phase is a clear nod towards rewarding the platform's pioneers, not just through the token airdrops but also through a referral program that adds an interesting layer of community building. Referring a friend doesn't just help expand the platform's user base; it directly benefits the referrer with a 0.1 point boost per hour for each point their referee earns.</p><figure class="image"><img alt="pool.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/pool_f900127bfb.png"></figure><p>However, it's not all sunshine in Eigenpie’s garden. The absence of estimated APY/APR on their dashboard raises eyebrows, especially when compared to other platforms where this metric is standard fare. This lack of transparency is echoed in the DeFi integrations, where despite the presence of data on platforms like Curve, Eigenpie remains silent on the yields.</p><p>The issues extend to the "m" asset's peg stability, hinting at underlying challenges within the platform's ecosystem. Furthermore, the current unavailability of unstaking options adds a layer of rigidity for users wishing to withdraw their stakes.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>4. Security and Trustworthiness</strong></h2><p>When diving into Eigenpie's security landscape, it's reassuring to see their proactive approach. Before hitting the Ethereum&nbsp;<a href="https://coin360.com/glossary/mainnet"><u>Mainnet</u></a>, Eigenpie has already set a high bar for security by partnering with&nbsp;<a href="https://blog.eigenpiexyz.io/eigenpie-emphasizing-security-504caa467fed"><u>leading auditors</u></a>: BlockSec, PeckShield, and AstraSec. These names aren't just for show; they're a testament to Eigenpie's robust security measures.&nbsp;</p><figure class="image image_resized" style="width:70.3%;"><img alt="security.webp" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/security_0c00f9b513.webp"></figure><p>Each firm brought its A-game, rigorously testing and confirming the solidity of Eigenpie's defenses. This triple audit not only showcases Eigenpie's dedication to safeguarding digital assets but also solidifies its reputation as a platform that's serious about security. For users, this means peace of mind knowing their investments are under vigilant watch, a crucial factor in the ever-volatile crypto space.&nbsp;&nbsp;</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>5. User Experience and Support</strong></h2><p>From what I’ve experienced so far, Eigenpie boasts a user-friendly interface on its Stake page, making it easy for beginners to jump in. However, navigating the DeFi functionalities, particularly depositing assets into pools, can get confusing due to a lack of clear instructions. This is evident in the Eigenpie Discord community, where many users have questions about the process, especially regarding the recent depegging issue and recovery timelines.</p><figure class="image"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/support_e025a502c3.png" alt="support.png"></figure><p>While the Discord moderators and active community members are helpful, the sheer volume of inquiries can lead to delayed responses. The platform also offers a website chat box for submitting support tickets, but due to the recent influx, response times may be slow.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h2><strong>Conclusion: Should You Stake with Eigenpie?</strong></h2><p>Eigenpie offers a unique approach with isolated restaking and point-based rewards, but transparency issues and unavailability of unstaking raise concerns. It's ideal for tech-savvy users comfortable with DeFi and willing to wait for unstaking features. Do your research before diving in!</p>

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<h1><strong>Introduction: Top Liquid Restaking Platforms to Unlock Crypto's Earning Power</strong></h1><p>Gone are the days of confusing crypto jargon. Liquid restaking platforms are transforming the game, letting you earn rewards on your crypto without it being stuck. Imagine – crypto earning interest, just like your savings account, but way cooler (and potentially more profitable!).&nbsp;</p><p>With so many options popping up, picking the perfect platform can feel overwhelming. Fear not, crypto adventurer! This guide will be your compass, navigating you through the exciting world of liquid restaking and empowering you to make smart staking decisions.</p>

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