- EigenLayer’s latest partnership has brought the liquid BTC restaking feature.
- Its TVL was over $10 billion, at press time.
EigenLayer, Ethereum’s [ETH] largest restaking platform, recently announced its latest Bitcoin[BTC] restaking options.
The option provides yield opportunities for wrapped Bitcoin (WBTC) holders.
The platform announced new features, including yield payouts from node operator P2P.org. Also, it announced staking options for uniBTC, a wrapped BTC variant.
These developments align with a broader trend of increasing demand for Bitcoin yield-generating alternatives as BTC holders seek diversification through staking.
Demand for Bitcoin restaking on EigenLayer rises
On the 4th of November, EigenLayer announced that ARPA Network would soon begin rewarding uniBTC depositors on its platform.
The development allows BTC holders to earn yields while contributing to Ethereum’s decentralized ecosystem.
This move represents part of a broader trend, as over 15% of all WBTC is now actively staked across platforms.
This growth highlights the increasing desire for Bitcoin staking options as DeFi continues to expand, with BTC holders eager to leverage decentralized protocols for asset maximization.
Source: IntoTheBlock
Recent charts underscore this shift, with a marked increase in restaked BTC tra
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Author: Adewale Olarinde
