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TVL $21.8BAPY 2.5-8%Medium risk

Liquid Restaking

Restaking derivatives that provide additional yield on staked assets through EigenLayer.

Networks
Ethereum
Top protocols
ether.fiKelpRenzoPuffer

What is Liquid Restaking?

Liquid restaking takes staked ETH (via LSTs) and restakes it on EigenLayer to secure additional networks (AVS). This generates extra yield on top of base staking rewards.

How Liquid Restaking Works

Deposit: Stake ETH or LSTs with a liquid restaking protocol Receive LRT: Get a liquid restaking token like eETH, weETH, or rsETH Earn Stacked Yields: Base staking + restaking rewards + points Use in DeFi: LRTs can be used across DeFi like LSTs

Top Liquid Restaking Tokens

  • eETH/weETH (ether.fi): Largest LRT, non-custodial model
  • rsETH (Kelp): Accepts multiple LSTs as deposits
  • ezETH (Renzo): Simple restaking experience
  • pufETH (Puffer): Anti-slashing technology

Yield Sources

  1. Base Staking: ~3-4% from Ethereum PoS
  2. AVS Rewards: Additional yield from secured services
  3. Points/Airdrops: Protocol incentive programs

Risks to Consider

  • Slashing Risk: Additional slashing conditions from AVS
  • Smart Contract Risk: Multiple protocol layers
  • AVS Risk: New services may have vulnerabilities
  • Complexity: More moving parts than simple staking

Getting Started

  1. Choose an LRT based on yield and security
  2. Deposit ETH or LSTs
  3. Receive LRT tokens
  4. Use in DeFi or hold for yields
  5. Monitor AVS allocations and risks

Liquid Restaking Products (4)

ProductProtocolNetworkTVLAPYRisk
ether.fi ETH
EETH
ether.fiethereum$10.9B2.50%Medium risk
ether.fi Wrapped eETH
WEETH
ether.fiethereum$10.6B2.50%Medium risk
Kelp DAO Restaked ETH
RSETH
Kelp DAOethereum$1.2B2.21%Medium risk
ether.fi Wrapped eETH
WEETH
ether.fibase$276M2.50%Medium risk

Frequently Asked Questions

What is the difference between LST and LRT?

LSTs represent staked ETH. LRTs represent restaked ETH that secures additional networks via EigenLayer for extra yield.

Are LRTs riskier than LSTs?

Yes. LRTs add AVS slashing risk and additional smart contract layers. The extra yield compensates for higher risk.

How are restaking points different from yield?

Points are incentive programs that may convert to tokens. They are speculative, unlike guaranteed staking yields.

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