Category: News, NFT News

EtherFi, Renzo, and Swell Team Up To Launch Liquid Restaking Pool On Balancer

Liquidity providers can earn boosted points for all three projects […]

Liquidity providers can earn boosted points for all three projects and EigenLayer.

The competition for liquid restaking market share continues to heat up as the sector’s top projects offer boosted points to incentivize users.

On Feb. 10, EtherFi, Renzo, and Swell announced they had partnered to launch a tri-liquid restaking token (LRT) pool on the Balancer decentralized exchange. Liquidity providers can earn points for all three LRT providers, in addition to points for EigenLayer, the pioneering Ethereum restaking protocol.

“We’ve teamed up with Renzo Protocol and EtherFi to introduce the first ever tri-LRT pool,” Swell tweeted. “This revolutionary pool enables you to earn four points at once.”

“We strongly believe that collaboration is important in the LRT space for the benefit of users,” said EtherFi.