📈EigenLayer TVL Skyrockets After Uncapping LST Pools

The Defiant's daily newsletter recaps all of the hottest news across web3 on Feb. 6.

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EigenLayer's TVL grew by $1.5B in roughly half a day after the pioneering restaking protocol temporarily removed the limits on its liquid staking pools. LST holders will enjoy unbridled access to EigenLayer until Feb. 9

In other news, Gitcoin is pivoting away from its public goods funding rounds in favor of community-led grants supporting the Ethereum ecosystem, while Neon EVM is expanding its cross-chain Solana support to new EVM-compatible chains.

Plus, two freshly launched spot Bitcoin ETFs ranked among the top 10 exchange-traded funds by inflows.

✍️ In today’s newsletter:

EigenLayer temporarily ditches LST pool limits
EigenLayer's TVL surges 70% in 13 hours
Gitcoin restructures and pivots focus
Neon EVM taps deBridge to cross-chain expansion
Bitcoin products crash ETF rankings

🎙️The Defiant Podcast & Interviews:

Creating asset-backed stablecoins with the Reserve protocol

🎬 WATCH

Check out our discussion with Tina and Teddy to learn more about EigenLayer, the pioneering Ethereum restaking protocol. Also watch our podcast with Thomas Mattimore, CEO of ABC Labs, to find out about creating asset-backed stablecoins using Reserve Protocol.

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