The Lorenzo Protocol is enhancing the Bitcoin DeFi space by introducing liquid restaking of BTC, allowing stakeholders to leverage the leading cryptocurrency within the DeFi ecosystem.
BounceBit (BBT) introduces liquid restaking features to Bitcoin, extending the possibilities initially prevalent in Ethereum-based applications to allow users to gain more value from their staked Bitcoin (BTC).
Justin Sun, founder of Tron, has deposited 46.6% of total funds into Swell L2's liquid restaking protocol, leading to speculation about his influence and potential centralization concerns within the TRON (TRX) ecosystem.
Etherfi solidifies its leadership in liquid restaking, with user deposits hitting $3.8 billion, asserting its market dominance.