Okay, today we are going to look at EIGENLAYER and some platforms that are currently allowing you to farm both EL Points and their respective dapp/project points. Let’s start with dapps that use EL technology
EigenLayer is a protocol designed to make better use of the assets already staked on a blockchain. It's a practical approach to addressing some of the efficiency issues facing blockchain networks today.
There are a lot of projects under EL and I’m sure this list will keep growing as more time goes on.
https://app.ether.fi/eeth?address=0x0eCddcF41754360AB129d7Ca4c8ABf220F9c32BD
https://app.renzoprotocol.com/?ref=0x0ecddcf41754360ab129d7ca4c8abf220f9c32bd
https://www.kelpdao.xyz/?utm_source=liteliger
https://quest.puffer.fi/chapter2?invite_code=LigerLite
https://app.claystack.com/?code=b0oGtQiO1euXvd8tcqFBfy8TRHFi1he74ROzogY1H/IuMOFLGBH2PcSJ
https://app.bedrock.technology/
https://www.eigenlayer.magpiexyz.io/restake
https://www.genesislrt.com/app/?ref=0x0eCddcF41754360AB129d7Ca4c8ABf220F9c32BD
https://euclidfinance.io/restake?ref=g923ff3bqaxuq7w9h4a8gfx3hq3ph4b889bg3784fb
https://app.primestaked.com#/restake/?r=26XK8RV5kVaFzJLGjALdtdcU3zn
Then we have adjacent projects like Zircuit that allow you to farm multiple points that are linked to the ones above getting you 3 different points including EL Points + Zircuit points
https://stake.zircuit.com/?ref=ktnvwi
I also wrote a good Twitter thread here about the whole EIGENLAYER system here
https://twitter.com/AirdropReconOps/status/1771669541002567901
Also, earlier I did a video that goes into some specific NFTs on Eigenlayer and commentary on the testnet of EL as well.
What you have to grasp is that EIGENLAYER fundamentally will be the largest or at least the top 3 biggest drops that are gonna take place this year. The fundamentals of tokenomics make it a very valuable asset down the line because sheer staking rewards seem very huge.
Also, this graph gives you a better understanding of what is happening underneath the protocol. In the future projects like NEAR may distribute fees to EL stakers and as more protocols join under Eigenlayer, we can see more multi-chain yields - this is an extremely bullish narrative and a key way to derive value for token holders.
There are Dangers However
It’s not all sunshine and rainbows with Eigenlayer. The real problem comes from when staked assets are restaked and then restaked assets are staked again - this obviously will create a big lending dilemma and it needs to be addressed to a certain extent.
We aren’t exactly seeing this manifest too massively right now. But we ought to be more critical about Talmudic Capitalism elements like loans in general - do they bring value and should we be rewarding people for participating in stuff like that?
There are many ways to farm EL points across many chains and it’s going to be increasingly more available on L2s as the year goes on, which is good. It’s just going to be hard to bet which ones of these protocols will come out on top - because VC investments right now are not correlating with value locked as of right now.
~ That’s it for now! Now sub and follow dis shit.