3JANE – A PATH FORWARD FOR EIGENLAYER

Summary from the TLDR Crypto newsletter

3Jane is a derivatives protocol that allows users to collateralize yield-bearing ETH in options contracts, earning options premiums on top of staking and restaking yield. By sourcing yield within DeFi derivatives, 3Jane mitigates the opportunity costs of holding restaked ETH and alleviates the burden off AVS security budgets. It is a proof of concept of the potential of tokenizing cryptoeconomic security and derivatives on a shared ledger.