Emergence of ‘Re-Staking’ Platforms

A new trend called “re-staking” is gaining traction, with over $18 billion worth of cryptocurrency moved into platforms offering rewards for locking up tokens. Re-staking enables owners to take newly created tokens from initial staking and stake them again with different blockchain-based programs, potentially leading to higher returns. While this practice offers the allure of increased yields, analysts warn it poses risks due to the complex layers of collateralization involved.

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