tl;dr
Kraken's customers can now restake their already-staked ETH on the Ethereum network and earn additional rewards through projects on the decentralized finance protocol EigenLayer. The new feature aims to broaden investor access to yield-bearing opportunities on-chain, making restaking "more accessibl...
Kraken has introduced a new restaking feature for ETH on the Ethereum network, allowing users to earn additional rewards through EigenLayer. This offering aims to broaden investor access to yield-bearing opportunities on-chain, making restaking more accessible to a broader range of clients.
Staked, a Kraken subsidiary and EigenLayer operator, serves as the validator for ETH restaked on the platform. Users participating in restaking can choose to hold their rewards on Kraken or trade them for fiat or other cryptocurrencies.
The total value locked in liquid restaking tokens has surged over 3000% this year to approximately $11 billion, demonstrating significant growth in the restaking market. Restaking enables users to extend the utility of their staked assets, securing various decentralized platforms and earning additional rewards, thereby increasing their overall yield.
Kraken aims to "significantly lower" investors' barriers to entry with this new feature, seeking to simplify the restaking process and enhance accessibility for a broader range of clients. However, the offering is currently available in various parts of Europe, with restrictions in place for customers in the U.S. and other jurisdictions where geographic restrictions apply.
More about City Office
City Office, City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the southern and western United States.
Industry: Real Estate & Construction, Real Estate Investment Trusts
Market Cap: 223.658B
Dividend Yield: None
P/E Ratio: 0.4
EPS: -0.36
ROE: 4.381
ROI: -0.0402
Volume: 175.37M
Stock Price: $6.38
52-Week Change: -0.523
52-Week High/Low: -0.051
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation Summary
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry: MANUFACTURING, SHIP & BOAT BUILDING & REPAIRING
Market Cap: $82.49 billion
Current Price: $23.4
EPS: $5.48
P/E Ratio: 12.83
52-Week High: $164.48
Dividend Yield: 7.89%
Revenue: $44.946 billion
Net Income: $3.2735 billion
Debt to Equity: 0.207
Current Ratio: 0.18