RESTAKING: EVERYTHING OLD IS NEW AGAIN

Summary from the TLDR Crypto newsletter

This Coinbase Institutional report provides an overview of restaking, as popularized by EigenLayer and Ethereum. It highlights the potential for restaking to become a core part of Ethereum’s infrastructure, enabling validators to earn additional rewards by securing actively validated services (AVS). The market is pricing in extremely high yields from AVSs, which may return to more reasonable values as the ecosystem matures. There are also complexities and risks associated with liquid restaking tokens (LRTs) that might be hidden from users.