The restaking gold rush is over as top protocols struggle to turn a profit
- —Restaking yields on Ethereum have collapsed, making the model unprofitable
- —Smart-contract risks in restaking continue to rise
- —The top liquid restaking protocol has exited the segment
- —The team is now building a crypto neobank instead
Why it matters: The exit of a major player signals the end of the restaking hype and a shift of capital into other DeFi sectors.
Source: CoinDesk