EigenLayer Gains Backing from Lido Co-Founders and Paradigm in DeFi Arena

Tuesday, 14 May 2024, 22:19

The rise of EigenLayer, a blockchain 'restaking' protocol, has prompted a reaction from Lido and Paradigm, key players in the decentralized finance space. While Lido made a significant impact in the DeFi sector previously, EigenLayer's emergence signifies a shift in the landscape. As battle lines are drawn, the DeFi market witnesses new alliances and competition forming.
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EigenLayer Gains Backing from Lido Co-Founders and Paradigm in DeFi Arena

Response to EigenLayer's Ascendence

The popularity of new blockchain 'restaking' protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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