"Restaking" is all the rage in Ethereum blockchain circles. It allows users to earn interest by leveraging theirto help secure other blockchain apps. Even developers on other ecosystems, like Solana, are trying to replicate Ethereum's restaking popularity.
"Lombard aims to elevate BTC from a store of value into a productive asset which flows into the Web3 economy and drives sustainable growth," the company said in a statement shared with CoinDesk. in under a year by promising users extra interest on assets they'd already"staked" to help secure Ethereum.. In essence, EigenLayer and other restaking protocols let upstart blockchain apps bootstrap their security, and they offer investors a new way to leverage their crypto holdings.Lombard's dive into restaking will be built on top of Babylon, which lets people use bitcoin to secure other. Paradigm previously led a $70 million funding round into the Bitcoin staking company.