The market capitalization of ETH has grown to such levels that it’s become common to treat it as a unit of account and store of value on par with Bitcoin. But unlike BTC, Ethereum is a vibrant ecosystem where participants always look for ways to earn extra yield on their assets. Right now, it’s clear that they’re starved for it. The recent launch of EigenLayer is emblematic of how Ethereum stakers are hungry for extra yield. While the baseline ETH staking yield is approximately 4%, EigenLayer promises to offer extra rewards on top of that baseline, which due to the higher variety of projects, can become extremely ... (full story)