BPM Finance

Multi-asset liquid restaking platform simplifying access to restaking and yield opportunities. Earn ETH Yield + AVS rewards + BPM points!

[EigenCloud @eigencloud]

Introducing AVS Rewards Mainnet Launch

What

The Rewards update enables AVSs to provide rewards to stakers and operators and the UI upgrade provides stakers and operators a frontend to track and claim rewards.

Why

Previously, AVSs did not have the ability to directly reward stakers and operators for the economic security and compute they have been providing to active AVSs on Eigenlayer mainnet.

This update grants AVSs the ability to reward stakers and operators for their past, present, and future support.

@eigen_da will be the first AVS on EigenLayer to distribute rewards to stakers and operators.

Learn More:

- Technical Docs: https://t.co/N8KMn5nyk7
- Smart Contracts: https://t.co/WausWHsiML

[EigenCloud @eigencloud]

Coming Soon: AVS Rewards and EIGEN Programmatic Incentives

Read the full details in the blog post here: https://t.co/bJUFIUfMvL

--- Summary Below ---

• Actively Validated Services (AVSs) are gaining the ability to reward stakers and operators.

• At least 4% of EIGEN's total supply will be distributed to stakers and operators via upcoming programmatic incentives.

• These incentives will be distributed via "rewards-boosts" in which stakers and operators will receive EIGEN in proportion to the amount of rewards distributed to them by AVSs.

• Stakers and operators that support more AVSs will tend to receive more EIGEN programmatic emissions.

• This rewards-boost program is designed to kickstart the rewards flywheel and enable price discovery even if initial AVS rewards are low.

• Separate from the programmatic incentives program, the Season 2 stakedrop will reward current stakers and operators.

• Details on Season 2 will be announced by the Eigen Foundation soon.

[Rektonomist @rektonomist_]

💥 Lido's Bold Moves: The Future of LRT Unveiled

🚀 Have you noticed the quiet revolution happening in the LRT sector? @LidoFinance's making bold moves with @paradigm, but it's so under the radar that most of us are just caughting on. Lets break it down and see how a colossus is assuring we continue calling it "giant". 👇

📜 TL;DR:
Mellow Protocol has launched on top of Symbiotic Finance, with Lido Finance at the center, and Paradigm backing the venture. (Eigen Layer picking @a16z instead of @paradigm was perhaps the outlier event that managed to incredibly bootstrap EL competitors)

💡 Introducing Symbiotic Finance: Truly Permissionless Restaking
@symbioticfi aims to make restaking fully permissionless. Their goal is to create a flexible, open core for shared security.

✅ Any token, any slashing logic, launched by anyone.
✅ No more begging for approval from core teams.
✅ Developers can freely create and launch networks.

🧰 Nonetheless I can't stop thinking about the barriers some of these EL competitors will face since a lot of VCs are so invested in EL. Competition is 100% fierce.

🟣 Mellow Protocol: Modular Infrastructure for LRTs
Some might know that @mellowprotocol has actually been innovating since 2021, building advanced strategies and vaults. (Not the only protocol changing narratives/adapting/building new products such as @Karak_Network and multiple others). Mellow now offers a modular infrastructure for LRTs, launching first with Symbiotic but capable of integrating with other restaking protocols like EL, Karak, and Nektar.

🎙️ I'm in touch with @s0xn1ck from @mellowprotocol and will soon drop a deep-dive + interview where we'll talk about their vision, roadmap and core differentiators.

📈 $216 million in less than 24 hours.
Most of us noticed the insane capital inflow into @symbioticfi. Their main announcement thread was nothing of small with other big names like @ethena @DroseraNetwork on board, I mean, they even have giants like @P2P are sourcing liquidity for @Mellow which in less than 24 hours saw inflows of $104 million.
And I reckon this is only the beginning given the support from @LidoFinance as they're part of the Lido Alliance.

😡 "You're fragmenting the market!!"
I feel like the word fragmentation today is literally spit out as they say "without a single thought behind those eyes". In the light of such lets address a few factors, both positive and negative of market fragmentation.

🧩 Fragmentation varies taking into considerationt the size of the market and the liquidity involved in such. Fragmenting a small market with modularity can be an issue but becomes an asset as soon as liquidity and overall market size/TVL increases. I've been interviewing several C-levels across LRTs such as @Bedrock_DeFi, @Novumfinance, @babylon_chain, @loopfixyz and more and the common vision and logic is that fragmentation is not necessarily a bad thing as it allows for different risk profiles across multiple platforms and protocols which in the end boosts penetration.

🧙 My final thoughts
If you look "deeper" into the recent EL competitors you'll find a common trait. They're supported by @LidoFinance Core Team. I've met several Lido BD and Ecosystem folks and if there's something they aren't is dumb. They're extremely well versed and such it makes 100$ sense for their strategic positioning amongst these new players to specially promote the usage of stETH. On top of this, having this positioning will allow Lido to participate quite strongly in governance decisions due to the crazy amount of tokens they're securing.

[BPM Finance @bpmfinance]

@eigencloud Exciting news!

[EigenCloud @eigencloud]

1/ 📢 Excited to announce the MVP launch for Rewards on testnet at https://t.co/e4qfzyc8sN!

AVS’s can now start integrating Rewards functionality to incentivize Restakers and Node Operators.

Read the full details in this blog post: https://t.co/xrPE5brbn4

[BPM Finance @bpmfinance]

@tintsion We want to !

[Staking Circle @stakingcircle]

🔥 Top 5 AVSs by Economic Security

1️⃣ @eigen_da
2️⃣ @witnesschain
3️⃣ @eo_network
4️⃣ @lagrangedev
5️⃣ @OpenLayerHQ

#Restaking #Ethereum $ETH

[BPM Finance @bpmfinance]

@0xReflection Word!

[BPM Finance @bpmfinance]

@RootDataLabs Thanks! Hope to join the list soon :)

[BPM Finance @bpmfinance]

Top 10 AVS on eigenlayer, nice to see the market developing. Thanks @stakingcircle for the chart.

[Staking Circle @stakingcircle]

🔥 Top 10 AVS by Total Restaked ETH

@eigen_da
@eo_network
@witnesschain
@brevis_zk
@lagrangedev
@AutomataNetwork
@OpenLayerHQ
@alt_layer
@OmniFDN
@XterioGames

#Restaking

[0xResearch @0xResearch]

NEW INTERVIEW

@sreeramkannan joins us to dive into:
- Intersubjective truth
- @eigencloud token economy
- Shared security & attributable slashing
- Forkable tokens
- Future of consensus

Timestamps
(0:00) Introduction
(2:42) EigenLayer AVS, Mainnet, & Token Launch
(9:11) Intersubjectivity Token Design
(17:47) Slashing Mechanism
(35:59) Eigen Social Consensus Overload
(43:17) AVS Market Structure
(52:49) Security Mining
(58:29) Validator Bonds
(1:03:10) 3rd Token System
(1:14:59) Eigen Roadmap

[BPM Finance @bpmfinance]

@DeFiMinty @degendotfund @pew_on_blast @SundialMirage @AlohaProtocol @thebotcompany Check us out too!

[BPM Finance @bpmfinance]

@AltcoinsFrance Follow us guys!

[BPM Finance @bpmfinance]

@mpost_io Follow our updates, we’re coming soon!

[BPM Finance @bpmfinance]

@gauntlet_xyz @eigencloud thanks for the nice article!

[BPM Finance @bpmfinance]

A great article to deep dive into the risks involved in the restaking ecosystem!

[Gauntlet @gauntlet_xyz]

1/ With LRTs continuing to garner significant adoption, a framework for evaluating risks is paramount for users to understand the market risk landscape for each token.

Today, we published a blog on LRT market risk as part of our partnership with @eigencloud.

Let's dive in👇🧵

[BPM Finance @bpmfinance]

@DeFiMinty @solayer_labs @CosmicOnBase @TheSmarmyBum @summoningxyz @s33r_xyz @worldpvpco Follow our updates too!

[BPM Finance @bpmfinance]

@lstmaximalist @Connext Thanks!! If you wanna know more just contact me ;)

[BPM Finance @bpmfinance]

@Elmir0310170504 Check us out, new LRT in town.