The current LST restaking deposit window has drawn to a close. If you missed EigenLayer’s restaking window, you can still farm Restaked Points, primeETH XP, and LST yield by swapping for primeETH on Uniswap.
What a week! PrimeStaked reached $25M in TVL just days after launch, helping make Origin Ether the largest ETH yield aggregator on mainnet. Last week, OETH TVL increased by over $20 million, breaking past $100M for the first time. Let’s delve into what’s driven this growth and take a look at what’s coming next.
We’d like to extend our gratitude to all users who’ve adopted primeETH over the last week, with more than 10,000 ETH assets restaked since Monday. Users who harnessed the opportunity are currently accruing 4.25% APYs on their holdings, in addition to EigenLayer Restaked Points and primeETH XP.
Impressively, primeETH holders have earned a total of 1.42 million EigenLayer Restaked Points and 51.8b of primeETH XP over the course of the last week.
OETH accounts for more than 90% of PrimeStaked’s restaked assets, thanks to Origin Ether earning double XP during the campaign’s duration. Excitingly, PrimeStaked’s incentives on OETH deposits have driven Origin Ether to new heights. On Wednesday, Origin Ether’s TVL broke through $100 million before continuing its climb above $115M.
This is the very beginning of a new, community-centric ecosystem for liquid restaking. We have several features in the works as we grow primeETH into one of the space’s premier liquid restaking tokens (LRTs).
Soon, we plan to enable new ways for users to deposit to primeETH. Additionally, holders can look forward to further campaigns as we ramp up our presence in Ethereum’s restaking ecosystem.
Join the Origin Discord and follow us on X to be first in line for the next wave of PrimeStaked rewards!
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