What could be the impact of Exchanges restaking to deFI?

in hive-108451 •  2 months ago 

Exchanges are now offering staking with unique backed liquid restaking token (LRT), offering users the ability to earn a competitive base APR. Basically, Bitget Binance and Bybit are at the forefront of this innovative approach to Solana staking but will this encourage $Sol staking? It is obvious exchanges are more user friendly with minimal security risk, which is why many feel this is positive to the industry especially if we could start seeing Eth staking and more.

While this is still new many feel it could introduce deFi to the world and encourage more enthusiast and these exchanges could introduce more token restaking to their platform.

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