The purpose of restaking in DeFi: Unlocking higher yields and improved liquidity
Decentralized finance (DeFi) has experienced significant growth in 2024, with total value locked (TVL) more than doubling its value since the previous year. According to CoinGecko, the DeFi ecosystem boasts over $91.76 billion in locked assets as of June 2024, demonstrating a shift in market sentiment toward increased trust and adoption. Among the significant contributions to this growth is #staking and #restaking—a crucial mechanism for securing #blockchain networks and rewarding participants.
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