Restaking's Consensus Matryoshka Lego 



In the modular blockchain narrative, there are very few projects to explore at the consensus layer, among which the consensus security provided by Bitcoin and Ethereum are the two major projects recognized by the whole network.

The proposal of restaking can be a good way to help emerging blockchain projects obtain appropriate security at the startup stage, so as to avoid the use of unhealthy token mechanisms that emit inflation too highly.

The Bitcoin ecosystem is dominated by Babylon, and BTC-related ecosystems have also adopted Babylon one after another, while Ethereum is led by EigenLayer, and the narrative of LRD (Liquidity Repledge Derivative?) has been derived from the narrative of LSD.

On top of the LSD/LRD narrative, Pendle, which splits principal and interest, continues to perform well in TVL, user data, and token prices as a unique placeholder project in the ecosystem.

Focus on the target
Eigenlayer / Babylon / Renzo / Puffer / Pendle
$BTC $PENDLE
ETH-0.31%
BTC-0.89%
PENDLE0.49%
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