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    Home » Kraken Enhances Ethereum Restaking Opportunities through EigenLayer Expansion
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    Kraken Enhances Ethereum Restaking Opportunities through EigenLayer Expansion

    By adminOct. 17, 2024No Comments2 Mins Read
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    Kraken Enhances Ethereum Restaking Opportunities through EigenLayer Expansion
    Kraken Enhances Ethereum Restaking Opportunities through EigenLayer Expansion
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    Kraken has rolled out a new restaking feature on its EigenLayer DeFi platform, creating fresh earning opportunities for non-U.S. clients.
    The recently
    integrated
    feature allows these investors to restake their Ethereum holdings, leveraging blockchain to boost returns. Restaked
    ETH
    will be validated by Staked, a Kraken subsidiary, providing participants with options to hold earnings on Kraken or convert them into other assets.
    Kraken’s October 15th announcement highlighted the feature’s role in securing Actively Validated Services (AVS), which offer additional rewards in Ethereum or other native tokens of deployed applications.
    Mark Greenberg, Kraken’s Global Head of Asset Growth & Management, emphasized that the update expands access to restaking, making it more accessible to everyday crypto users who typically interact with centralized exchanges (CEXs).
    READ MORE:


    MicroStrategy’s Bold Bitcoin Strategy Powers 1,620% Stock Surge
    Liquid staking has seen significant growth this year, with data from DeFiLlama showing a surge in total value locked (TVL) across platforms. TVL in liquid staking peaked at over $15 billion in June 2024 but has since seen fluctuations, including a dip to $11.1 billion as of mid-October.
    While the feature is open to most regions outside the U.S., including Europe, it remains off-limits to U.S.-based investors and other restricted locations. Restaking allows users to enhance a protocol’s security and earn rewards across multiple platforms using already-staked assets without needing to unstake them.

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