Intro to Liquid Restaking

Restaking, or more formally the rehypothecation of assets securing a network, has recently seen an explosion of interest as stakers rush to generate additional yield on top of their existing PoS staking returns. Introduced by EigenLayer on Ethereum, restaking tokens have seen their cumulative market cap balloon to over US$4Bn in less than a year. By taking on incremental slashing conditions on their staked assets, users can generate increased yield through restaking in this rapidly growing market.

Bedrock aims to provide users with more options and opportunities to earn additional yields. After the successful launch of uniETH, a Liquid Restaking Token with EigenLayer on the Ethereum network in February 2024, we are now introducing the first Liquid Restaking Token with Babylon!

Let's dive into the world of LRTs.