Reported by The Defiant, Ethereum restaking protocol EigenLayer has ended its rollout phase today by removing caps on all ETH liquid staking tokens (LST) and unpausing restaking deposits.
“The removal of LST caps marks a new phase for the EigenLayer ecosystem, unlocking growth opportunities,” said the protocol’s X account, christening it a move towards an “open market for innovation.”
Today’s move allows uncapped access to EigenLayer’s eleven existing liquid staking token (LST) pools.
EigenLayer’s decision to remove caps and unpause restaking follows a proposal to limit LSTs at 33%, deemed a number that would foster neutrality and decentralization. Both are considered guiding principles for the protocol.
Last week saw a successful mainnet debut from EigenLayer, which went live on April 10.
The first 24 hours saw $500 million in delegated stake, amid an all-time high in TVL. On launch day, several big-name companies – including Coinbase and Google Cloud – signed up to be operators, providing security for applications built atop EigenLayer.
The next day, the protocol launched six new Actively Validated Services (AVS) aimed to accelerate rollups, real-world data integration, and co-processors.