Search results for restaking
Crypto
Ether.fi removes restaking exposure from weETH, moves toward split with EigenLayer
Ether.fi has removed all restaking exposure from its flagship weETH token, turning it into a pure liquid staking token, while limiting restaking to a separate Symbiotic-based token, weETHs, The Defiant reported on Thursday. The change effectively ends Ether.fi’s position as the largest operator built on the EigenLayer restaking model. Data from DefiLlama show Ether.fi’s staking segment at $3.3 billion, with weETH supply at 1.72 million and weETHs at 9,136.
Crypto
Ethereum bull Arthur Hayes cuts losses on 2,364 ETH
Arthur Hayes sold 2,364.38 ether for 4.3 million USDC, locking in a loss of about $241,000, as the broader crypto market weakened. On-chain data showed he moved ether to Cumberland and Galaxy Digital over about two hours at an average sale price of $1,821. The sale followed purchases of 7,213 ether in mid-July. Hayes has recently shifted to a more defensive stance, citing the need to protect crypto assets.
Crypto
Symbiotic launches Core V2, shifts beyond restaking to collateral market platform
Collateral market platform Symbiotic, which has received investment from Paradigm, has launched Core V2. The company said the upgrade formalises a shift from its origins as a restaking protocol to a collateral market. It said DeFi applications such as insurance pools, credit protocols and real-world asset vaults can share a common collateral base. Core V2 also aims to keep capital earning yield when not used as collateral by moving funds into major lending protocols and recalling them when needed.
