Restaking

Ether.fi is preparing to remove its final structural connection to EigenLayer this quarter, leaving less than 1% of assets restaked. The shift underscores how declining yields, new slashing risk and wrapper vulnerabilities have forced liquid restaking protocols to rethink their business models.

KelpDAO has filed a civil lawsuit against LayerZero and co-founder Bryan Pellegrino, alleging undisclosed weaknesses in the cross-chain protocol enabled a major rsETH exploit. Pellegrino called the claim meritless and said he will defend himself and LayerZero in a British Columbia court.