DeFi trader rides EigenLayer airdrop hype to secure 40% yield
EigenLayer continues to grow, with over $8.4 billion in deposits after announcing a raise of $100 million from a16z earlier this month. There are already a slew of liquid restaking protocols whose sole purpose is to take staked Ether and deposit it into EigenLayer to earn points. Points are expected to convert to tokens sometime in the second quarter. But for those who don’t want to chase the allure of an airdrop, EigenLayer inadvertently provides some very enticing yields on Ether.
