Liquid restaking is finally interesting
$EIGEN, $ETHFI, and the path to a real fee market.
TL;DR
Restaking finally has products people actually use. Here's my thesis.
The interesting curve: operator competition → meaningful AVS fees → restaker yield. We're in step 2.
The numbers
- Total restaked ETH: ~4.2M
- AVS count growing 20% MoM
- Fee revenue is real, not just emissions
What I'd build
If I were starting today, I'd ship a smart restaker — quant-driven AVS selection optimizing for slashing-adjusted yield.
The infra is here. The product layer isn't.
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