A tokenized receipt representing restaked assets in protocols like EigenLayer, allowing users to maintain DeFi liquidity while earning restaking yields. When users restake LSTs via protocols like EtherFi (eETH) or Renzo (ezETH), they receive LRTs that can be used as collateral, traded, or deployed in additional DeFi strategies. LRTs reached $14 billion combined market cap by 2025.
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A tokenized receipt representing restaked assets in protocols like EigenLayer, allowing users to maintain DeFi liquidity while earning restaking yields. When users restake LSTs via protocols like EtherFi (eETH) or Renzo (ezETH), they receive LRTs that can be used as collateral, traded, or deployed in additional DeFi strategies. LRTs reached $14 billion combined market cap by 2025.
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Think of it as a market mechanic used to price, route, or move capital through liquidity apps.
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AMMs, routing, liquidity, lending, and trading infrastructure.
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Liquid Restaking Token (LRT) (liquid-restaking-token) Category: DeFi Definition: A tokenized receipt representing restaked assets in protocols like EigenLayer, allowing users to maintain DeFi liquidity while earning restaking yields. When users restake LSTs via protocols like EtherFi (eETH) or Renzo (ezETH), they receive LRTs that can be used as collateral, traded, or deployed in additional DeFi strategies. LRTs reached $14 billion combined market cap by 2025. Aliases: LRT, Liquid Restaking Related: Restaking, EigenLayer, Liquid Staking
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A mechanism where staked SOL or LSTs are used as economic security for additional protocols beyond Solana consensus. Restaking protocols (e.g., Solayer, Jito Restaking) allow stakers to opt-in to securing bridges, oracles, or rollups while earning additional yield. Slashing risk extends to these secondary protocols.
The dominant restaking protocol on Ethereum that allows stakers to opt in to securing additional services (Actively Validated Services or AVSs) by restaking their ETH or liquid staking tokens. EigenLayer creates a shared security marketplace where smaller protocols can bootstrap validator sets. With over $18 billion TVL and 85%+ market share by 2025, EigenLayer underpins critical infrastructure including EigenDA, oracle networks, and bridges.
A mechanism where staked SOL is represented by a transferable token (LST) that accrues staking rewards while remaining usable in DeFi. Instead of locking SOL with a validator, users deposit into a liquid staking pool and receive tokens like mSOL (Marinade), jitoSOL (Jito), or bSOL (BlazeStake). LSTs typically appreciate against SOL at the staking APY.
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A mechanism where staked SOL is represented by a transferable token (LST) that accrues staking rewards while remaining usable in DeFi. Instead of locking SOL with a validator, users deposit into a liquid staking pool and receive tokens like mSOL (Marinade), jitoSOL (Jito), or bSOL (BlazeStake). LSTs typically appreciate against SOL at the staking APY.
A mechanism where staked SOL or LSTs are used as economic security for additional protocols beyond Solana consensus. Restaking protocols (e.g., Solayer, Jito Restaking) allow stakers to opt-in to securing bridges, oracles, or rollups while earning additional yield. Slashing risk extends to these secondary protocols.
Token whose value is collateralized by a specific underlying asset held in reserve. Differs from algorithmic stablecoins in having a 1:1 real-world claim. USDC (fiat-backed), PAXG (gold-backed), and Ondo's USDY (treasury-backed) are examples.
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A mechanism where staked SOL or LSTs are used as economic security for additional protocols beyond Solana consensus. Restaking protocols (e.g., Solayer, Jito Restaking) allow stakers to opt-in to securing bridges, oracles, or rollups while earning additional yield. Slashing risk extends to these secondary protocols.
The dominant restaking protocol on Ethereum that allows stakers to opt in to securing additional services (Actively Validated Services or AVSs) by restaking their ETH or liquid staking tokens. EigenLayer creates a shared security marketplace where smaller protocols can bootstrap validator sets. With over $18 billion TVL and 85%+ market share by 2025, EigenLayer underpins critical infrastructure including EigenDA, oracle networks, and bridges.
A mechanism where staked SOL is represented by a transferable token (LST) that accrues staking rewards while remaining usable in DeFi. Instead of locking SOL with a validator, users deposit into a liquid staking pool and receive tokens like mSOL (Marinade), jitoSOL (Jito), or bSOL (BlazeStake). LSTs typically appreciate against SOL at the staking APY.
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A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
An AMM design where liquidity providers concentrate their capital within specific price ranges instead of across the full 0-to-infinity range. CLMMs dramatically improve capital efficiency—LPs earn more fees per dollar deposited within their active range. If the price moves outside the range, the position becomes inactive. Orca Whirlpools and Raydium CLMM are leading implementations on Solana.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
A token issued to liquidity providers representing their proportional share of a pool's reserves and accrued fees. LP tokens can be burned to withdraw the underlying assets. The value of LP tokens changes as the pool's token ratios shift and fees accumulate. LP tokens are often stakeable in yield farming programs for additional rewards.