EigenLayer announces the reopening of collateralization, and TVL has officially exceeded $3 billion, ranking sixth among all protocols, closely following Uniswap, which is in fifth place.
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How will the collateralization project EigenLayer change the Web3 infrastructure?
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EigenLayer removes collateralization limit
Short-term surge in EigenLayer TVL
EigenLayer removes collateralization limit
The liquidity collateralization protocol EigenLayer announced the temporary removal of the 200,000 ETH collateralization limit for each protocol. The protocols include:
– Ankr Staked Ether (ankrETH)
– StakeWise Staked Ether (osETH)
– Stader Staked Ether (ETHx)
– Origin Staked Ether (oETH)
– Coinbase Staked Ether (cbETH)
– Lido Staked Ether (stETH)
– Binance Staked Ether (wBETH)
– Rocket Pool Ether (rETH)
– Swell Staked Ether (swETH)
As well as the three recently added protocols:
– Mantle Staked Ether (mETH)
– Staked Frax Ether (sfrxETH)
– Liquid Staked Ether (lsETH)
Short-term surge in EigenLayer TVL
Within two hours of EigenLayer’s tweet announcing the removal of the collateralization limit on February 6th, TVL experienced a short-term surge of $750 million. According to DefiLlama, its TVL has reached $3.218 billion, an increase of approximately $1 billion from the previous day. The majority of the newly deposited funds are Lido’s stETH, accounting for about 80% of the new deposits. The current TVL structure is shown in the figure below.
EigenLayer TVL structure
EigenLayer chose to gradually remove the collateralization limit in order to “attract organic demand,” but at some point in the future, the limit will be permanently removed. Currently, collateralization is open until 4:00 am on February 10th (Taiwan time), after which a new limit will be set. Since mid-December last year, EigenLayer’s TVL has increased by more than $2 billion.
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Collateralization project EigenLayer reopens collateralization, and TVL exceeds $740 million
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ankrETH
EigenLayer
ETH
sfrxETH
stETH
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