EigenLayer reaches the staking limit of 100,000 stETH, TVL surges by 207%

ChainCatcher news, the decentralized finance (DeFi) platform EigenLayer reached its staking limit of 100,000 stETH within hours after raising its liquidity re-staking cap to 100,000 ETH. The total value locked (TVL) has surged by 207%, reaching $238 million.

It is reported that EigenLayer raised the re-staking cap for LSTs (liquid staking tokens, including stETH, rETH, and cbETH) at 7 AM Pacific Time on August 22. After the cap was lifted, users will be able to deposit any of the aforementioned tokens into EigenLayer. When any LST reaches the milestone of re-staking 100,000 tokens, EigenLayer will pause accepting further staking again.