The Great EIGEN Point Harvest of 2024 is over, folks! DeFi teams like Pendle, Gearbox, and Liquid Restaking protocols are packing their point-farming equipment and will soon be moving onto other product offerings.
The $11.5 Bn question
With Eigenlayer’s TVL creeping up to an astounding $11.5 billion, someone (I) need to ask: Where’s the yield coming from?
Some napkin math for thought
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LPs want: ETH staking yield + maybe 2% extra yield
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To satisfy our yield demand, we need $230-250 million in AVS revenue
Yield Machines: L1, L2s and DeFi Protocols
When it comes to generating sizable yields and fees, we’re looking at
