Blog

(Re)staking Synopsis: Edition #2

Chorus One
Chorus One
March 28, 2024
5 min read
March 28, 2024
5 min read

Welcome back to the another edition of the (Re)staking Synopsis, your go-to source for the latest in Ethereum staking, presented by Chorus One.

Cutting right to the chase: EigenLayer now holds the second spot in Total Value Locked (TVL) for a protocol, boasting over $12.8 billion USD (~3.6 million ETH) restaked. Impressively, nearly 2 million ETH has been natively restaked via EigenPods, marking a significant surge in restaking activity.

Additionally, the EigenLayer and EigenDA Holesky Testnet is live and thriving, with a staggering total of 157,433.0897 ETH already restaked! After a seamless testing phase on Goerli, we're thrilled to support this new phase as we progress towards Mainnet operations.

With a meticulously crafted AVS strategy, we prioritize the safety of the funds delegated to Chorus One. Learn more about restaking with Chorus One: https://forum.eigenlayer.xyz/t/operators-mainnet-campaign/12828/145?u=chorusone

Without any further ado, let’s dive in.

Restaking In The News:
  1. Ethos works with liquid restaking protocols to secure Cosmos chains via EigenLayer
  2. EigenLayer teases mainnet's final roadmap before launch
  3. AltLayer enables token staking, unveils fast finality service for rollups
  4. Polyhedra Network and Renzo Secure Bitcoin Messaging with 1.8B USD Economic Staking

ETH Bites: On-chain Restaking Metrics

(Source: Dune Analytics)

  1. Total Restaked in USD: Over $12.8 billion (equivalent to 3.6 million ETH) has been restaked, at time of writing. In fact, EigenLayer has surpassed lending provider Aave to become the second-largest protocol by total value locked (TVL).
  1. Insights into Native Restaking: A significant volume of 1.96 million ETH has been restaked natively through EigenPods.
  1. Native vs LST restaking: Currently, 54.6% of ETH has been natively restaked, leading ahead of the 45.4% of restaked LSTs.

Staking and Restaking ETH with Chorus One
  1. Native Restaking: Want to stake ETH and restake directly with EigenLayer? Use OPUS Dedicated.

OPUS Dedicated enables you to set up dedicated ETH validators, and directly restake your staked ETH with EigenLayer in a few clicks.

Note: At present, you can only deposit your staked ETH into EigenLayer; the option to delegate to Chorus One will be possible upon the EigenLayer Mainnet.

We will notify you once the delegation feature on EigenLayer becomes operational, indicating that it's time to delegate your restaked ETH. At that point, you will be able to delegate to Chorus One with just a few clicks.

Visit OPUS Dedicated

How to restake ETH with EigenLayer

  1. Liquid Restaking: Want to stake ETH, mint osETH, and restake liquid staking tokens to EigenLayer? Use OPUS Pool


OPUS Pool enables you to stake any amount of ETH, mint osETH, and restake a variety of LST’s including osETH, cbETH, stETH, and more directly with EigenLayer in a just a few clicks.


Note: Restaking LSTs with EigenLayer is currently on hold and will resume once the deposit cap is raised. In the meantime, you are welcome to use OPUS Pool to stake any amount of ETH and mint osETH.

Visit OPUS Pool

How to Stake ETH and mint osETH

Latest Ethereum Research & Insights by Chorus One
  1. On the risks of restaking with EigenLayer and how Chorus One maintains a security first approach to your assets.

Read it here.

  1. MEV-Withdrawal Bug

MEV-Boost targets the highest bid for Ethereum block space. However, a glitch arises when blocks include withdrawals, distorting the MEV valuation and making some bids appear more valuable than they really are, leading to losses for proposers.

Beyond individual losses, this issue has wider implications for the Ethereum ecosystem, inflating proposers' profits, cutting down overall transactions and gas usage, and consequently, decreasing ETH burning.

Our research team analysed the full impact of this bug, originally published on ETHResearch.

Quick summary

Full research

  1. Client Diversity

We explore how Ethereum's resilience is shaped by client diversity, offering an in-depth analysis of two of its most prominent Consensus Layer (CL) clients: Lighthouse and Teku.

Read it here.

Final word

If you’re interested in staking/restaking with Chorus One, or learning more, simply reach out to us at info@chorus.one and we’ll be happy to get back to you!

Additionally, if you’d like us to share further resources on any topic, please let us know!


About Chorus One

Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 50+ Proof-of-Stake networks, including Ethereum, Cosmos, Solana, Avalanche, and Near, amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures.

 Join our mailing list to receive our latest updates, research reports, and industry news.
Thanks for subscribing. Watch out for us in your inbox.
Oops! Something went wrong while submitting the form.