Bankless 2024 Crypto Investment Themes
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Jan 4, 2024 Dive into the intriguing investment trends shaping cryptocurrency in 2024! Liquid restaking tokens are on the rise, promising unique risk-reward balances. The Solana community is shifting its focus to enhance its economic protocols amid stiff competition. Explore the explosive intersection of crypto and gaming, which could attract mainstream players. Finally, hot topics like data availability and the anticipation of major airdrops are discussed as potential game-changers in this evolving landscape.
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Restaking and LRTs
- This year, restaking and liquid restaking tokens (LRTs) are major investment themes.
- LRTs, built on platforms like EigenLayer, offer additional yield opportunities through restaking.
EigenLayer's Function
- EigenLayer allows users to deposit ETH and LSTs to earn yield and farm airdrops.
- It enables securing other applications using ETH, similar to how Ethereum uses staked ETH.
LRTs vs. LSTs
- Liquid restaking tokens (LRTs) represent ETH, staking yield, and fees from EigenLayer networks they secure.
- LRTs offer potentially higher yields than LSTs due to their exposure to multiple revenue streams.