Liquid restaking services funnel user deposits into EigenLayer and offer extra rewards on top, along with tradeable “liquid restaking tokens” that represent a user’s underlying investment. Ether.fi has $3.8 billion locked up with EigenLayer – assets that will eventually help power the pooled security system. In return for deposits, Ether.fi grants users a derivative token, Ether.Fi ETH (eETH), which earns interest and can be traded in decentralized finance (DeFi).
Source: https://www.coindesk.com/tech/2024/04/12/etherfi-inks-500m-restaking-deal-with-redstone-oracles/?utm_medium=referral&utm_source=rss&utm_campaign=headlines