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The restaking gold rush is over, and top protocols are barely making a profit
Published Source: CoinDeskRead original
Crypto Insight Summary: As restaking yields dried up and smart-contract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto neobank instead. Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Restaking yield decline and protocol pivot signal reduced demand for ETH staking.